المخرجات
By the end of this training course, trainees will able to:
- Explain the methodology of subsequent revaluation for derailable and non-depreciable assets.
- Apply the accounting treatment of revalued assets .
- Disclose the unrealized gains or losses resulting from revaluation .
- Identify the methodology for impairment testing of property, plant and equipment and intangible assets, under IFRS.
- Apply how the asset’s recoverable amount is determined.
- Compute recoverable amount and impairment loss, including reversals.
- Identify appropriate accounting for reversals of impairment (recovery of loss on impairment) .
الفئة المستهدفة
- Senior accountants in companies and banks.
- Financial managers.
- Those who are dealing with PP&E .
- Preparers of financial statements.
المحتويات
- IAS 36: Impairment on Assets :
- Scope.
- Recognition.
- Initial measurement.
- Measurement subsequent to initial recognition.
- Depreciation (cost and revaluation models).
- Recoverability of the carrying amount.
- PP&E held for use and held for selling .
- Derecognition (retirements and disposals).
- Disclosure.
- Revalued property, plant and equipment.
- IAS 16: Property, Plant & Equipment (PP&E):
- Scope .
- Recognition.
- Initial measurement.
- Measurement subsequent to initial recognition.
- Cost model.
- Revaluation model.
- Revaluation depreciable assets .
- Revaluation non-depreciable assets .
- Depreciation (cost and revaluation models).
- Derecognition (retirements and disposals).
- Disclosure.
- Information about each class of property, plant and equipment.
- Additional disclosures.
- Revalued property, plant and equipment.
- Practical cases.