Managing the Complexities of IAS 16 Property, Plant & Equipment
CPD Hours: 2
Price: R450.00
IAS 16 Property, Plant and Equipment is a standard that governs the accounting treatment of tangible assets such as buildings, machinery, and equipment. As these assets are central to the day-to day operations of many businesses, it is important to understand the complexities that can arise in the application of IAS 16.
By attending this webinar you will gain the following competencies:
Understand the principal issues in accounting for property, plant and equipment are the recognition of the assets
Understand the determination of their carrying amounts and the depreciation charges and impairment losses to be recognised in relation to them.
Understand the practical applications of the various sections of IAS 16, as well as the resources required to consistently have compliance with the Standard
The webinar will cover the following topics:
Capitalising an item
Derecognising a replaced part
Splitting an asset into components
Calculating residual values