Accounting for Non-Financial Assets - Part 2
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| 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
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| CPD Units | 3 units on full attendance |
| Seats Left | 12 |
| Price | Rs 4000 |
| Booking Deadline | Thursday 7th July 2022 |
| Map | View Map |
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