R695.75 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
IFRS for SMEs
Lecturer:
Tristan David-Crewe White
Duration:
135 Minutes
Additionals:
Certificate
Lesson Outline
This session is all about fixed/longer term assets. We’ll capitalise on our time together by establishing a strong theoretical foundation based on simplifying definitions, recognition and measurement principles for Property Plant and Equipment as well as Investment Property. We’ll proceed to build thereon by practicing calculations and analysing the accounting entries in various scenarios, including component accounting, spare/replacement parts, revaluation surpluses or fair value adjustments, changes in measurement model and revised depreciation amounts, inter alia.
Content
Session 4:
- Section 17: Property, Plant and Equipment
- Section 16: Investment Property
Objectives
We seek to empower you as an accountant in finance as well as auditor/reviewer in public services, by:
- Identifying when a business is required / permitted to apply the requirements of a section
- Establishing what the requirements are / guidance is per section, relative to:
- Definitions
- Recognition
- Initial and subsequent measurement
Discussing any accounting policy elections available
Identifying the disclosure requirements and where possible, providing illustrative examples