CPD Course: Accounting for non-current assets

Accounting for Non-Current Assets

Non-current assets typically make up the largest part of a company’s statement of financial position. As such, recording non-current assets properly is key for communicating the value of a company and for painting an accurate picture of the company’s financial position to shareholders. 

So, as an accountant, it’s crucial that you understand how to do this. To do this, not only do you need to know how to record newly purchased or created non-current assets, you also need to know how to revalue assets, record impairment and account for discontinued operations. 

This course will teach you how to comply with the major international financial reporting standards (IFRS) for non-current assets, including IAS 16, IAS 36 and IFRS 5. It will help you to produce accurate information on non-current assets, refresh your knowledge on the nuances of accounting for non-current assets and build your confidence in this specialised area!

Provides 8 hours of CPD

What you’ll learn:

    • The definition of a non-current asset under IAS 16 so that you can correctly distinguish non-current assets from intangible and current assets 
    • The recognition criteria for non-current assets in the financial statements so that you know when a non-current asset needs to be recorded to comply with IAS 16
    • The recognition criteria for subsequent expenditure on non-current assets so that you can determine when this spending should be capitalised and when it should be treated as an expense 
    • The costs that should be included in the initial measurement of a non-current asset to ensure that the total cost is measured accurately and reliably
    • How to use the historic cost and revaluation models the two models that comply with IAS 16 – for the subsequent measurement of non-current assets
    • The straight-line and reducing-balance methods for calculating the depreciation of a non-current asset and how to choose the right one to comply with IAS 16 
    • How to correctly account for the de-recognition of a non-current asset under IAS 16 when the asset is donated, scrapped, sold or part-exchanged
    • To identify and record the impairment of non-current assets under IAS 36 so that the true value of an asset is represented in the financial statements 
    • How to calculate impairment using cash generating units – a method that makes impairment reviews simpler when there are large volumes of assets to value
    • The conditions that must be met for an asset to be classified as held-for-sale under IFRS 15 so that you can identify this as the case when it occurs
    • How to correctly measure a non-current asset held-for-sale according to IFRS 15 and how this information should be presented in the financial statements

    Applying what you learn:
    The course also offers a range of practice questions that you can use to reinforce your learning and cement your knowledge. All of this will ensure that you feel confident accurately accounting for an organisation’s non-current assets.

    What’s included in the course?

    Videos

    • Thoroughly explores the concepts, theories and models for this topic
    • The content is professionally explained by our expert tutors alongside a visual presentation
    • Come with downloadable audio files so you can listen to the content offline and on the go

    Handbooks

    • Full coverage of the video content using engaging and easy-to-follow language
    • A range of examples to show you how these concepts might apply to real-life situations, e.g. in finance
    • A practical exercise for each module based on the subject’s application in a finance team
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    Practice questions

    • A series of questions designed to test your understanding of what you’ve learnt on the course
    • Designed to get you to apply what you’ve learned to scenarios and commit the theory to memory

    Presentation slides

    • The visual presentation from the video can be accessed for note-taking and for browsing alongside the video or audio download
    • Can be viewed as still slides or in an interactive format to move around the screen

    Purchasing the course

    To purchase this course, simply add the course to your basket with the button below and then either proceed to checkout or continue browsing for more CPD courses…

    Astranti CPD Course:
    Accounting for Non-Current Assets

    £149.00

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    Excellent materials and lots of support when needed.

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    Astranti customer, 2021

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