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 online course and one online assessment.
Learning objectives
- 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
Audience
This online course is suited to finance professionals who are involved in:
- external reporting
- financial management
- management accounting
- financial accounting
