This short online course has been designed to provide the learner with a basic understanding of the key principles in respect of the accounting for Property, Plant & Equipment under IAS 16.
After completion of this online course, you will:
- Be able to explain the objectives and scope of IAS 16;
- Be able to describe the meaning of key definitions under IAS 16;
- Understand the key principles of accounting for property, plant & equipment, i.e. the initial recognition and subsequent measurement;
- Understand the key tax adjustments and deferred tax implications of the revaluation of property, plant and equipment; and
- Be able to apply the theory to practical examples.
After successfully completing the course, you will receive a certificate of completion (1 hour CPD/CPE).