Learning outcomes

What will you learn?

The scope and objective of IAS 16 and its role in financial reporting.

How to recognize and measure property, plant, and equipment at initial recognition and after acquisition.

Application of the cost model and revaluation model in asset measurement.

Understanding depreciation methods, useful lives, and residual values.

How to account for subsequent costs, impairment, and derecognition of assets.

Disclosure requirements to ensure transparency and compliance with IFRS.

Course content

Participants

Who is this course designed for?

Accountants and finance professionals involved in asset accounting.

Auditors assessing compliance with IFRS standards.

Financial controllers and CFOs overseeing fixed asset management.

Consultants advising clients on IFRS implementation.

Pre-requisites

Necessary Qualifications

Background in accounting, finance, or business administration.

Basic knowledge of financial statements and accounting principles.

Experience in financial reporting or audit is recommended.

Familiarity with IFRS or national accounting standards is helpful but not essential.

Course Content

What will you study?

Introduction, scope, and objective of IAS 16.

Definitions and key concepts (cost, carrying amount, depreciation, impairment).

Recognition criteria for property, plant, and equipment.

Measurement at initial recognition.

Subsequent measurement: cost model vs. revaluation model.

Depreciation methods and accounting estimates.

Impairment, derecognition, and disposal.

Disclosure requirements under IAS 16.