This course provides training in the background, scope and principles under IAS 16 Property, Plant and Equipment, and the application of this Standard.

Topics covered include the initial measurement of assets, accounting for dismantling costs, depreciation, subsequent measurement of property, plant and equipment and derecognition.

Course Key Concepts: International Financial Reporting Standard, Property, plant and equipment, Accounting, Reporting, Assets.

Learning Objectives
  • Identify the cost of a non-current asset and calculate the initial cost measurement of a non-current asset.
  • Discover the difference between capital and revenue expenditure.
  • Explore the subsequent Measurement of non-current Assets.
  • Recognize the revaluations.
  • Identify the implications of non-current asset disposal.
    Last updated/reviewed: March 16, 2024
    Prerequisites
    Course Complexity: Foundational
    No advanced preparation or prerequisites are required for this course.
    Education Provider Information
    Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
    Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
    Instructor for this course
      Course Overview CPE
    Course Syllabus
    INTRODUCTION AND OVERVIEW
      Introduction to IAS 16 - Non-Current Assets: Property, Plant and Equipment4:03
      Non-Current Assets6:02
      Initial and Subsequent Measurement4:48
      Concept of Depreciation9:50
      Depreciation Methods16:14
      Revaluation of Non-Current Assets5:48
      Disposal of Non-Current Assets4:20
    CONTINUOUS PLAY
      IAS 16 - Non-Current Assets: Property, Plant and Equipment51:05
    SUPPORTING MATERIAL
      Slides: IAS 16 - Non-Current Assets: Property, Plant and EquipmentPDF
      IAS 16 - Non-Current Assets: Property, Plant and Equipment Glossary/IndexPDF
    REVIEW AND TEST
      REVIEW QUESTIONSquiz
     FINAL EXAMexam