IFRS: Other Non-Financial Assets

IFRS: Other Non-Financial Assets

Online Course on IFRS:
Other Non-Financial Assets

From physical inventories to intangibles most business entities have significant assets other than property, plant and equipment to account for. From the capitalisation of borrowing costs, through work in progress to inventories, a thorough understanding of the standards is critical.

Online CPD Training Course IFRS Other Non-Financial Assets

A number of entities will lease buildings or property and the IFRS rules here are potentially very significant. And whilst the capitalisation of borrowing costs or the accounting for investment property may not be relevant to everyone, when
they are they can again be very significant.

This course incorporates these non-financial assets which will have great significance to many entities. It brings together the accounting, reporting and disclosure requirements for these important non-financial assets under the IFRS regime.

buy IFRS: Other Non-Financial Assets

Understanding IFRS: Other Non-Financial Assets
enables the learner to:

• Consider the measurement and recognition of inventories as well as the disclosure requirements
• Understand the similarities and differences in reporting rules for intangible assets
• Identify the accounting treatment required for leasing
• Understand whether to capitalise borrowing costs or write them off against profit or loss and the rules to apply

Learning outcomes of IFRS: Other Non-Financial Assets

IAS 2: Inventories
• What is the objective and scope of IAS 2?
• What is “inventory”?
• What are the rules concerning the measurement of inventories?
• What techniques may be used for the measurement of cost?
• What rules apply to the net realisable value of inventory?
IAS 2 Inventories

IAS 38: Intangible assets
• What is an intangible asset?
• What are the objectives and scope of IAS 38?
• How do issues of control enter into the accounting for intangible assets?
• What are the rules concerning recognition and measurement?
• How is the initial cost of an acquired intangible asset worked out?
• What is the difference between research and development expenditure?
• How should an intangible asset be values after recognition?
• How does amortisation on an intangible asset work?
• How do I deal with intangible assets with indefinite lives?
IAS 38

IAS 17: Leasing
• What are the objectives and scope of IAS 17?
• What are the different types of leases?
• When in accounting terms is a lease deemed to start?
• What factors might indicate that a lease is a finance lease?
• What is the accounting treatment of a finance lease in the books of the lessee?
• How should the lessor account for a finance lease?
• How is this asset subsequently measured in the books of the lessor?
• What about the accounting for operating leases in the books of the lessor?
IAS 17

IAS 23: Borrowing costs
• What are the objectives and scope of IAS 23?
• What do we mean by “borrowing costs” and “qualifying assets”?
• How should borrowing costs be recognised?
• When should capitalisation of borrowing costs be suspended or cease altogether?
IAS 23

IAS 40: Investment Properties
• What are the objectives and scope of IAS 40?
• What is “investment property” and “owner-occupied property”?
• When should an asset be classified as an investment property or owner-occupied property?
• What about if an entity provides services as part of an arrangement to provide property?
• What is the “fair value model”?
• What if there are doubts about the ongoing ability to reliably measure “fair value”?
• What about changes in use of an investment property?
• When there is a transfer where the policy is to carry an investment property at fair value, what is the accounting for this?
• What disclosure requirements are listed in IAS 40?
IAS 40

About the author of IFRS: Other Non-Financial Assets

Wayne BartlettDr Wayne Bartlett specialises in public sector financial management and budgeting and has worked as a consultant and lecturer throughout the world.

After 7 years in the NHS in the UK, he joined the Home Office as Head of Accountancy Advice. He has worked closely with a number of Supreme Audit Institutions and has become an expert of the implementation of international accounting standards.

Target audience for IFRS: Other Non-Financial Assets

Anyone engaged either in the preparation of financial reports based on IFRS or their audit, as well as users of company accounts wishing to gain a fuller insight into the treatment of this important class of asset.

Flexible learning

Learners take their own route through the topics covered in the course. They will learn at their own pace through a variety of activities designed to accommodate a range of learning styles.


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4 hours of CPD, 120 days access for £75 less 10% discountFinancial Fluency Special Price £67.50