CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

IAS 16- Property Plant and Equipment’s

  • CPA/ABV
  • CPA (CA)
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
IAS 16- Property Plant and Equipment’s

2 Credits

$20

Subject Area

Accounting

Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPD credit (Verifiable) for Canadian CPAs

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 CPE credit for Internal Audit Practitioner (IAP)

2 CPD credit (Verifiable) for CPA/ABV

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

Course Description

International Financial Reporting Standards are changing how companies account for long-lived tangible assets on their financial statements.

IAS 16 establishes principles for recognizing property, plant and equipment as assets, measuring their carrying amounts, and measuring the depreciation charges and impairment losses to be recognized in relation to them. Property, plant and equipment are tangible items that:

  • That are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and
  • That are expected to be used during more than one period.
  • Property, plant and equipment includes bearer plants related to agricultural activity.
  • The cost of an item of property, plant and equipment is recognized as an asset if, and only if:

o   It is probable that future economic benefits associated with the item will flow to the entity; and

o   The cost of the item can be measured reliably.

This Accounting CPE webinar will outline the step-by-step procedure for implementation and examine the many factors that companies need to carefully consider when implementing International Financial Reporting Standards for Fixed Assets.

In this CPE course we will be learning practical aspects of implementing the standards and will cover the following major topics:

  • Definitions used in IAS 16
  • Recognition Requirements 
  • Disclosure requirements
  • Practical implementation of IAS 16 standard

Learning Objectives

  • To determine the initial measurement of property, plant, or equipment.
  • To identify the appropriate accounting treatment to subsequent measurement of PPE.
  • To recognize the unique disclosure and presentation requirements of IFRS for Fixed Assets

Who Should Attend?

  • CEO
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Finance Pros
  • Young CPA