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IAS 16- Property Plant and Equipment’s

  • Accountant
  • CPA/ABV
  • CPA (CA)
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • CFA
  • IAP
  • QIAL
  • ACCA
  • CIPM
  • CBA/MCBA
  • FPAC
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: November, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Impact of recognition as fixed asset
    21 mins
  • Property, plant and equipment should initially be measured at its cost.
    26 mins
  • Self generated assets: Inclusion in costs
    41 mins
  • Regularity of revaluation
    64 mins
  • Depreciated replacement cost
    84 mins

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 is held for use in the production or supply of goods or services, for rental to others, or for administrative purposes; and
  • That is expected to be used during more than one period.
  • Property, plant, and equipment include 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:
    • It is probable that future economic benefits associated with the item will flow to the entity; and
    • 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 must 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 for subsequent measurement of PPE.
  • To recognize the unique disclosure and presentation requirements of IFRS for Fixed Assets

Recommended For

  • This Accounting CPE course is recommended for CPAs, CMAs, CVAs, CIAs, CEOs, Chief Accounting Officers, Accounting Directors or Managers, Financial Reporting Directors, and Other Accounting and Auditing Professionals interested in learning 
  • This CPE course will be fruitful for accounting and finance professionals who work for private or public multinational organizations whose parent entities or subsidiaries have adopted IFRS.
  • Accountants or CPAs in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Assistant Controllers
  • Bookkeepers & Accountants & Tax Preparers
  • Business Owner
  • CEO
  • Certified Public Accountant (CPA)
  • Certified Valuation Analysts
  • CFO/Controller
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Director of Accounting
  • Entrepreneurial CPA
  • Finance Pros
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 2 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 2 CPD Credit of Accounting for Chartered Professional Accountant (CPA Canada)
  • 2 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 2 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
  • 2 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 2 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
  • 2 CPE Credit of Financial accounting for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 2 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 2 CPD Credit for CPA - Ireland
  • 2 CPD Credit for Chartered Accountants - Scotland
  • 2 CPD Credit for CA - ICAEW
  • 2 CPD Credit for Chartered Certified Accountants (ACCA)
  • 2 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 2 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 2 PL Credit of Accounting for Certificate In Investment Performance Measurement (CIPM)
  • 2 CRE Credit of Financial accounting concepts for Certified Corporate FP&A Professional (FPAC)
  • 2 CPD Credit for Certified Financial Forensics (CFF)
  • 2 CPE Credit for Certified Fraud Examiner (CFE)

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Manish Gupta

Founder & CEO, VITTPRO

Energetic, ambitious and Result-oriented professional, offering +15 years of extensive experience in Management, operations, Finance, Audit, Risk management, marketing and Customer experience.

Manish has hands-on experience in Monthly Reporting and Pnl Analysis, Budgeting and strategic planning.

Passionate for learning and development, thinking in innovative and non-traditional ways, Manish is your business partner for growth.

Manish is experienced with leading projects for change. He has led ERP implementation for 16 hotels in Htoo Group.

Manish is focused, display positive attitude and Topline growth approach towards business problems. He believes in efficiencies and lean management.

He is also on his Entrepreneurial journey and founded https://ehotelmanagementschool.com for sharing knowledge and experience via online classes and sessions. Startup also help small hotels and other startups with finance and management consulting.

About Company

VITTPRO

Vittpro is professional accounting and finance company for helping small business manage their accounting and finance function with ease and gain insights from data.

Faq

FAQs content

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Ratings and Review

3.9

10 Ratings

Excellent

3

Very Good

5

Average

1

Poor

0

Terrible

1

CM

Christopher Marion,, CIA

Feb 7th, 2022

The instructor was hard to understand

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