IAS 16- Property Plant and Equipment’s Self-study CPE webinar

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IAS 16- Property Plant and Equipment’s

Reviewed

February, 2024

Manish Gupta

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

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 about 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 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

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

Webinar Qualifies For

2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
2 CPD Credit of Accounting for CPA in Canada
2 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
2 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
2 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
2 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
2 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
2 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
2 PL Credit of Accounting for Chartered Financial Analyst (CFA)
2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
2 CPD Credit for Chartered Accountant - ICAEW
2 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
2 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
2 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
2 CPD Credit for Chartered Accountants - Scotland
2 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
2 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
2 CPD Credit for CPA - Ireland
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 PL Credit of Accounting for CIPM
2 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
2 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

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.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

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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.

Ratings and Review

4.3

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Rami Ayoub, CPA (US), CGMA

Great presentation. Very concise.

Christopher Marion,, CIA

The instructor was hard to understand

2 Credits

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Subject Area

Accounting

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Verification Code

IAS 16- Property Plant and Equipment’s

Course Details

Learning Objectives

Course Description

Overview

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Manish Gupta

Other Details

Additional Information

2 Hours

Basic

QAS Self Study

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.3

Rami Ayoub, CPA (US), CGMA

Christopher Marion,, CIA

Subject Area

Unlimited Access Plan

Inclusions

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