Property, Plant, and Equipment & Investment Property (IAS 16 & IAS 40)
CPD Hours: 2
Price: R450.00
Property, Plant, and Equipment & Investment Property (IAS 16 & IAS 40)
Presenters : Caryn Maitland CA(SA)
Overview
Gain a thorough understanding of the accounting principles for Property, Plant, and Equipment (PPE) under IAS 16 and Investment Property under IAS 40. This webinar will provide practical insights into recognition, measurement, depreciation, revaluation, and disclosure requirements, helping you navigate key areas of complexity and judgment.
Join Caryn Maitland CA(SA) to enhance your expertise in accounting for tangible and investment assets.
Learning objectives
Attending this webinar will equip you with the following skills:
- Recognise and measure property, plant, and equipment (PPE) in compliance with IAS 16.
- Understand the principles for recognizing and measuring investment property under IAS 40.
- Apply depreciation, revaluation, and impairment principles to PPE.
- Differentiate between owner-occupied and investment properties.
- Comply with the disclosure requirements for PPE and investment property.
Content
The webinar will cover the following topics:
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IAS 16: Property, Plant and Equipment
- Scope and objectives of the standard.
- Recognition and initial measurement of PPE.
- Subsequent measurement: cost model vs. revaluation model.
- Depreciation and useful life considerations.
- Impairment testing and accounting for disposals.
- IAS 40: Investment Property
- Definition and classification of investment property.
- Recognition and initial measurement of investment property.
- Subsequent measurement: fair value model vs. cost model.
- Transfers between categories of property.
- Initial recognition and subsequent measurement of financial instruments.
- Classification and measurement categories: amortized cost, fair value through profit or loss, and fair value through other comprehensive income
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Disclosure Requirements
- Key disclosure requirements for PPE under IAS 16.
- Disclosure requirements for investment property under IAS 40.
- Practical Applications and Case Studies
- Common challenges in applying IAS 32, IFRS 9, and IFRS 7.
- Industry-specific examples and practical solutions.
