IFRS: Property, Plant and Equipment (IAS 16) and Borrowing Costs (IAS 23)

Overview

This course is part of the IFRS Certificate Program - a comprehensive, integrated curriculum that will give you the foundational training, knowledge, and practical guidance in international accounting standards necessary in today's global business environment.

This self-study course addresses requirements of IAS 16, Property, Plant and Equipment, and IAS 23, Borrowing Costs, including the following:

• Definition of property, plant, and equipment (PPE), including assets excluded from the scope
• Recognition and measurement of PPE, including depreciation expense
• Impairment
• Capitalization of borrowing

Note: Individual courses purchased within the last year can be applied toward the purchase of the IFRS Certificate Program. Find out more.

Prerequisites

Familiarity with financial reporting and accounting principles under IFRS

Designed For

Who Will Benefit

• Accounting and finance professionals who work for private or public multinational organizations whose parent entity or subsidiaries have adopted IFRS
• Accountants in public practice who provide audit or assurance services to private or public multinational organizations that have adopted IFRS

Objectives

Learning Outcomes

• Determine the initial measurement of property, plant, or equipment (PPE).
• Identify the appropriate accounting treatment to subsequent measurement of PPE.
• Recognize the disclosures required by IAS 16 and IAS 23.
• Recognize accounting requirements for borrowing costs.