Accounting for Non-Financial Assets - Part 2
Venue Online - Microsoft Teams
Date Thursday 7th July 2022
Time 09:30 - 12:30
Information In this session we will look at various IFRS Standards dealing with non-financial assets. The relevant aspects of non-financial assets that will be covered are:

  • IAS 40 Investment properties where the following will be looked at:
    1. Definition of investment comparing it with owner-occupied properties
    2. Recognition and measurement principles
    3. What are included and excluded as investment properties
    4. Property held for mix purposes
    5. Ancillary services

  • IAS 2 Inventories with the following aspects:
    1. Definitions
    2. Measurement at cost
    3. Net realisation value (NRV)
    4. NRV and cost analysis

  • Under IFRS 5 Non-current Assets Held for Sale and Discontinued Operations:
    1. Scope out aspects
    2. The held-for-sale criteria
    3. The measurement principle
    4. Abandoned assets
    5. Discontinued operations
    6. Presentation and disclosure

  • IAS 41 Agriculture where we will look at:
    1.Definitions relating to:
    i. Agricultural activity
    ii. Biological asset
    iii. Biological transformation
    iv. Agricultural produce
    v. Harvest
    vi.Costs to sell

    2. Scope in and out aspects
    3. Recognition principles
    4. Measurement principles
    5. Gains and losses
    6. Government grants
  • Presenter
    CPD Units 3 units on full attendance
    Seats Left 12
    Price Rs 4000
    Booking Deadline Thursday 7th July 2022
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