AASB 116 Property, Plant and Equipment - eLearning
This activity is delivered by PwC Australia.
Members will receive their log in details directly from PwC within 1-3 business days, from date of payment receipt.
This module provides you with a basic understanding and application of the accounting principles of the AASB 116 Property, Plant and Equipment.
Objectives and scope
First IFRS financial statements
Presentation and disclosure
Upon satisfactory completion of this activity, you will be able to:
- Identify the type of costs which should be included in the value of property, plant and equipment at the time of recognition.
- Identify criteria for the application of component-based approach and proper accounting treatment under the component-based approach.
- Account for depreciation and identify correct accounting journals for a disposal of PPE.
Obtain a basic understanding of the principles of AASB 116 Property, Plant and Equipment.
Sub-Topic: Financial Reporting
Proficiency Level: Foundation
CPD: Upto 1.5 hours