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.
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About Presenter
Moataz Shokry, CPA
Chief Financial Officer, 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.
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