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

365 Days