{"id":9589,"date":"2015-07-23T16:24:26","date_gmt":"2015-07-23T15:24:26","guid":{"rendered":"https:\/\/www.financial-fluency.co.uk\/?page_id=9589"},"modified":"2019-12-09T15:03:05","modified_gmt":"2019-12-09T15:03:05","slug":"ifrs-property-plant-and-equipment-ppe","status":"publish","type":"page","link":"https:\/\/www.financial-fluency.co.uk\/online-learning\/financial-reporting\/ifrs-property-plant-and-equipment-ppe\/","title":{"rendered":"IFRS: Property, Plant and Equipment (PPE)"},"content":{"rendered":"
Property, Plant and Equipment (PPE) plays a crucial role in the financial statements of many entities. They often make up one of the largest items on the statement of financial position and also play a big part in the statement of comprehensive income through the charging of depreciation and impairment. <\/p>\n
Accounting for them appropriately is therefore often vital.<\/p>\n
This course looks at accounting for PPE through two Standards in particular. IAS 16 is the IFRS Standard that covers PPE specifically and IAS 36 covers the connected issue of impairment.<\/p>\n
The course explains all the key accounting requirements and disclosures and discusses them in detail, and is designed to enable you to make sound judgements as well as to understand the standards.<\/p>\n
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\u2022\tRecognise what the overall rule for a PPE asset is This course is written for 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.<\/p>\n \u2022\tRecognition Rules for PPE <\/p>\n
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\n<\/a> <\/a><\/p>\nAt the end of this online CPD course you will be able to<\/h3>\n
\n\u2022\tUnderstand how the cost of an asset is charged against profits in a way that reflects its usage
\n\u2022\tDefine key concepts in various PPE disclosures such as impairments and business combinations
\n\u2022\tDecide if an asset is impaired and if so, what actions to follow
\n\u2022\tIdentify key rules with relation to estimating future cash flows, and recognising and measuring impairment losses<\/p>\nKey areas covered<\/h3>\n
\n\u2022\tDepreciation
\n\u2022\tDisclosures
\n\u2022\tImpairments<\/p>\nExample feedback<\/h3>\n