Mini-mock 1 walkthrough
Taught by Robert Cook · AI tutor support included
You’ll learn how to approach two Core Activity D Financial Reporting mini-mock questions using IAS 16 and IFRS 5. The first focuses on property, plant and equipment (PPE), including which costs can be capitalised or expensed, when depreciation begins, and how subsequent expenditure and disposal affect the financial
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In this lesson
- 0:00 Core Activity D Financial Reporting
- 1:29 IAS 16 Capitalisation Question
- 3:29 IAS 16 Model Solution
- 6:31 Subsequent PPE Accounting Treatment
- 9:33 IFRS 5 Held For Sale
- 11:35 Held For Sale Worked Example
- 14:35 IFRS 5 Accounting Treatment
- 16:17 Held For Sale Model Solution
About this lesson
statements. The second question explains how to assess whether machinery meets the criteria for classification as a non-current asset held for sale. You’ll work through the key criteria, calculate depreciation and impairment, determine the asset’s carrying amount and net realisable value, and understand the impact on the statement of profit or loss and statement of financial position. The model solutions also show how to apply your knowledge clearly in an exam answer.
Duration: 21m
Transcript
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