Accounting Standards
IAS 16 - Property, Plant & Equipment
Recognition, Depreciation, and Revaluation of PPE Under IAS 16
1 CPD credit on completion
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About This Course
Course Information
The learning outcomes from this CPD accounting standards course includes establishing the principles for recognising property, plant and equipment as assets and measuring carrying amounts
Certificate on Completion
This course is made up of videos, questions and additional reading materials and accounts for 1 unit of CPD . One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- IAS 16 – Property, Plant & Equipment (video)
- IAS 16 – Property, Plant & Equipment (quiz)
What You Will Learn
- Define property, plant and equipment under IAS 16 and identify the recognition criteria that must be met before an item of PPE is recorded
- Calculate the initial cost of an item of PPE, including purchase price, directly attributable costs, and estimated dismantling obligations
- Distinguish between subsequent expenditure that is capitalised and expenditure that is expensed in the period
- Apply three depreciation methods (straight-line, reducing balance, and units of production) and determine when depreciation should begin and end
- Compare the cost model and the revaluation model for measuring PPE after initial recognition
- Explain how revaluation surpluses and deficits are recorded in the financial statements, including the interaction with the revaluation reserve
Who This Course Is For
- Accountants involved in recording and reporting property, plant and equipment under IFRS
- Auditors reviewing PPE balances, depreciation policies, and revaluation assessments
- Finance professionals studying IAS 16 for professional accounting examinations
Prerequisites
- Basic understanding of the statement of financial position, particularly non-current assets
- Familiarity with the concept of depreciation and carrying amounts
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Course Details
CPD Credits1
CertificateYes
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