IFRS Module 7 Property, Plant & EquipmentCode: 16-IFRS7

Price: $39.95
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Course Details

57 pages

Module 7 of the IFRS Learning Module series presents an overview of IAS 16Property, Plant
and Equipment, the accounting standard for classifying and measuring property, plant and
equipment (also known as ‘fixed assets’) in IFRS financial statements. The course also discusses
the IASB’s and FASB’s efforts towards achieving convergence in fixed assets reporting.

Objectives:

After completing this course, participants should be able to:
• Explain the proper accounting treatment for acquisitions of property, plant and equipment
(and other associated costs) under IFRS.
• Calculate depreciation using the methods permitted under IAS 16.
• Describe the process for determining whether or not a long-lived asset is impaired under
IAS 36.
• Distinguish between the ‘cost’ and ‘revaluation’ accounting models (as described in IAS
16).
• Describe the similarities and differences between IFRS and U.S. GAAP in the area of
property, plant and equipment.

Presentation Method: QAS Self-Study

Category: Accounting

CPE credit: 3 Hours

Program Level: Intermediate

Prerequisites: General understanding of GAAP and Accounting.

Advance Preparation: None

Exam expiration date: Participants must submit exams for grading within one year from the date of purchase.

For more information regarding refunds, complaints, or cancellation policies, please contact our offices at 817-477-0222.

American CPE, Inc. 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 their website, www.learningmarket.org

NASBA Sponsor number 108096
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