Measuring Property, Plant, and Equipment | 2.0 hrs CPE Online

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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

Initial Recognition

4 mins
Subsequent Expenditures

17 mins
Depreciation Methods

21 mins
Selection of a Depreciation Methods

31 mins
Indicators of Impairment

34 mins
Definition of fair value

55 mins
Revaluation Model Under IFRS

69 mins
Decrecognition

80 mins

Course Description

Property, plant, and equipment (PP&E) are non-current, tangible assets shown on most businesses' balance sheets. PP&E items play a crucial part in entities' operations because they are an essential resource for producing goods, supplying services, and generating revenues.

The accurate measurement of PP&E items allows entities to fairly reflect their financial position and profitability; hence, they can assure current stakeholders, attract new investors, plan and analyze entities' operations, and manage their assets efficiently.

Nowadays, the importance of accurately measure PP&E items' value became even more vital for decision-makers due to the global economic threats and uncertainties caused by the COVID-19 pandemic and the other political instabilities.

Key topics:

PP&E items recognition and measurement process step-by-step
Initial recognition, subsequent measurement, depreciation methods for PP&E
Impairment test
Fair value measurement, valuation techniques, revaluation model under IFRS
Disposals, change in use and measuring PP&E efficiency

This webinar depends on practical cases and examples that simplify the theory behind the US GAAP standard ASC 360 Property, Plant, and Equipment and the IFRS standard IAS 16 Property, Plant, and Equipment and point out the main differences between them.

Learning Objectives

To distinguish between property, plant, and equipment (PP&E) items and other types of assets.
To measure and record the carrying value of PP&E items.
To explore the impairment test.
To measure the fair value of PP&E items under ASC 360 and IAS 16.
To measure the efficiency of PP&E items.

Who Should Attend?

Accountant
Accounting Firm
Accounting Managers
Bookkeepers & Accountants & Tax Preparers
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Senior Accountant
Staff of Accounting Firm
Young CPA

Course Qualification

Webinar Qualifies For

2 CPD Credit of Specialized Valuation Skills and Training for Accredited in Business Valuation (ABV)
2 CPE Credit for Certified Management Accountants (CMA)
2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
2 CPE Credit of Business Valuation for Certified Valuation Analyst (CVA)
2 CPE Credit of Business Valuation for Certified Valuation Analyst (CVA)
2 CPE Credit of Business Valuation 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 for Accountant/Bookkeeper (ACCT./BK)

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

Moataz Shokry, CPA (US)

Certified Public Accountant (CPA), Massaleh Investment Co.

Moataz has over 15 years of accounting, budgeting, auditing, consolidated financials, IFRS, US GAAP, and other aspects of the financial field.

Moataz began his career as an external auditor for a member firm of an international association providing audit & assurance services worldwide, working with various clients in the education, investment, automotive, constrictions, oil, and manufacturing sectors in the State of Kuwait.

Since 2013, Moataz has held executive positions in Kuwaiti stockbrokers' companies and investment groups.

Moataz gained his experience from solving day-to-day work problems, helping entities implement proper accounting systems; thus, he can support the theoretical topics with practical cases, allowing the audience to realize the maximum benefit from attending his courses.

Moataz holds a bachelor's degree in Accounting from Alexandria University, Egypt, certified in IFRS from the Association of Chartered Certified Accountants, London, UK. Also, he is a Certified Public Accountant (CPA) licensed in North Dakota, USA.

Faq

FAQs content

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