Accounting for Assets under IFRS: What You Need to Know about PP&E & Investment Property IAS 16 & 40 

Learning Objectives:
Preparing Financial Statements in accordance with International Financial Reporting Standards requires accurate and up-to-date theoretical knowledge along with practical and thorough hands-on experience. At the conclusion of this session you will be able to:

• Define the scope of Property, Plant and Equipment under International Accounting Standard 16 (IAS 16)
• List the definition of Property, Plant and Equipment under IAS 16
• Define the rules followed to determine when to recognize Property, Plant and Equipment under IAS 16
• Outline the methodologies utilized to value Property, Plant and Equipment at the various stages of its life under IAS 16
• Define the Property, Plant and Equipment disclosure requirements under IAS 16
• Define the scope of Investment Property under IAS 40
• List the definition of Investment Property under IAS 40
• Define the rules followed to determine when to recognize Investment Property under IAS 40
• Outline the methodologies utilized to value Investment Property at the various stages of its life under IAS 40
• Define the Investment Property disclosure requirements under IAS 40
• Access to a checklist on when and how to apply IAS 16 & 40

Program Level:
Intermediate