Accounting for non-financial assets (99975163) - Online

Updated in March 2019, this course covers the knowledge and skills required to understand and apply the recognition, measurement and disclosures required for non-financial assets. It includes the requirements of the accounting standards dealing with acquisition, measurement and disposal of non-financial assets, including elements of the following accounting standards:

• IAS 2 Inventories
• IAS 16 Property, Plant and Equipment
• IAS 20 Accounting for Government Grants and Disclosure of Government Assistance 
• IAS 21 Foreign Currency Translation 
• IAS 23 Borrowing Costs
• IAS 36 Impairment of Assets
• IAS 38 Intangible Assets
• IFRS 5 Non-current Assets Held for Sale 
• IFRS 13 Fair value measurement

In this course you will be provided with examples of the disclosure requirements for non-financial assets, and explore application scenarios via a number of activities.

This course consists of one interactive online course, one downloadable PDF learning manual and one online assessment.

• Identify the recognition and measurement criteria for tangible assets including inventory, property, plant and equipment (PPE), and investment property
• Identify the recognition and measurement criteria for intangible assets 
• Account for impairment of assets
• Discuss other areas affecting assets, including borrowing costs, foreign exchange costs, non-current assets held for sale and government grants relating to assets