Hotspot webinar - non-current assets
Taught by James Griffiths · AI tutor support included
Students will develop a thorough understanding of how to account for tangible non-current assets under IAS 16, including the recognition, measurement, and subsequent treatment of property, plant, and equipment. This webinar covers depreciation methodologies, asset disposals, and revaluation processes with practical examples, enabling learners to accurately reflect non-current assets in financial statements.
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In this lesson
- 0:00 Introduction to Tangible Non-Current Assets
- 1:15 Understanding Depreciation Methods
- 4:35 Accounting for Disposals
- 7:51 Principles of Revaluation
- 14:04 Revaluation Exercise and Explanation
- 22:10 Reserve Transfers and Final Thoughts
About this lesson
Dive into the complexities of managing non-current assets with this comprehensive CEMA F1 level webinar. Learn the intricacies of IAS 16, focusing on property, plant, and equipment, through a detailed exploration of depreciation methods, disposals, and revaluation processes. The webinar breaks down challenging concepts like the straight line and reducing balance methods of depreciation, the accounting treatments for asset disposals, and how to approach asset revaluations, providing practical examples for each. Equip yourself with the knowledge to navigate the financial reporting of tangible non-current assets effectively. This is a must-watch for aspiring finance professionals seeking to deepen their understanding and improve their practice in handling non-current assets.
Duration: 36m
- IAS 16 Property, Plant, and Equipment
- Depreciation methods (straight-line and reducing balance)
- Asset disposal accounting treatments
- Asset revaluation principles and processes
- Revaluation reserves and transfers
- Tangible non-current asset recognition and measurement
Transcript
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