2-Part Webinar Series: Capital Assets
IAS 16 Property, plant and equipment and IAS 38 Intangible assets set out the requirements for recognising and measuring an entity’s investment in long-term assets. Although fairly straight-forward, the standards (and related IFRIC Agenda Decisions) contain areas where judgement, and at times, complex assessments are required to be made in order to derive the correct accounting treatment.
The aim of this webinar series is to highlight these areas and suggest practical options on how to manage these complexities.
The webinar series covers the following content:
General accounting requirements for long-term assets:
- Conceptual Framework
- Scoping
- Initial recognition and measurement
- Subsequent measurement models
- Componentisation and useful life determination
- Substantial modifications
- Derecognition
Topical areas:
- Replacement versus Repairs and Maintenance
- Demolition and Dismantling costs
- Spare parts, stand-by and servicing assets
- Zero book-value assets
- Internally generated intangible assets
- Software-as-a-Service and other cloud computing arrangements
This session will cover both the theory associated with the above topics as well as practical examples.
The webinar will contribute to 5 hours CPD/CPE.