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


This online course is suited to finance professionals who are involved in:

  • external reporting
  • financial management
  • management accounting
  • financial accounting

6 hours

365 Days