About this Course

To facilitate a clear understanding of how the accounting treatment for property, plant and equipment provide users of the financial statements with information about an entity’s investment in its property, plant and equipment and the changes in such investment.

Programme Objective

To facilitate a clear understanding of how the accounting treatment for property, plant and equipment provide users of the financial statements with information about an entity’s investment in its property, plant and equipment and the changes in such investment.

To enable participants to apply the requirements of FRS 16 with respect to the recognition of property, plant and equipment, the measurement of their carrying amounts and the determination of the related depreciation charges and impairment losses.

Programme Outline 

• Objectives and scope of FRS 16
  
• Definition and terms
  
• Recognition of property, plant and equipment
  

              - Underlying principles

              - Initial costs

              - Subsequent costs

• Measurement at initial recognition
  

              - Underlying principles

              - Elements of cost

              - Measurement of cost

• Subsequent measurement
  

              - Underlying principles

              - Cost model

              - Revaluation model

              - Depreciation

              - Impairment and compensation for impairment

• Derecognition
  

              - Underlying principles

              - Measurement of gain or loss

• Disclosure
  

Intended For

An Intermediate level programme targeted at Practising Accountants as well as Non Practising Accountants and Auditors. Those who wish to achieve a deeper understanding in FRS 16 are encouraged to attend.

Training Methodology

Lecture style, with Exercises/Case Studies

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