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- Property; Plant & Equipment - complex accounting issues (AASB 116/NZ IAS 16/IAS 16) AU RW
$72.73
non-member : $90.91
Description
Property, Plant and Equipment (PP&E) constitutes a major proportion of total assets for almost all manufacturing and producing entities. Even other entities have at least some exposures to accounting for PP&E. Though organisations and accountants are well equipped to cater to the basic accounting requirements for PP&E, there are many critical issues which can be challenging at times and increase the risk of non-compliance with the accounting standards.
In this 1-hour webinar, Sagar will share his insights on:
Learning Outcomes
Upon satisfactory completion of this activity, learners will be able to:
In this 1-hour webinar, Sagar will share his insights on:
- Common errors while capitalising initial costs
- Component approach
- Critical issues while selecting and applying cost and revaluation model
- Common errors while applying revaluation model
- Accounting for subsequent expenditures
Learning Outcomes
Upon satisfactory completion of this activity, learners will be able to:
- Identify the common errors while capitalising the initial costs of PP&E.
- Explain the requirements of IAS 16 in relation to capitalisation of initial costs.
- Explain the practical challenges while selecting and applying the cost and revaluation model for subsequent measurement of PP&E.
- Outline the requirements of accounting standards in relation to splitting the assets into components and the accounting for components.
- Explain how to address the challenging issues related to subsequent measurement of PP&E.
Benefits
Benefit from practical insights on the critical issues and common errors while accounting for Property, Plant and Equipment. Sagar will show you how to address these challenging issues while complying with IAS 16 requirements.