IAS16

Overview

Approx 2 Hours To Complete IAS16 in English Language

IAS 16 establishes principles for recognizing property, plant, and equipment as assets, measuring their carrying amounts, and measuring the depreciation charges and impairment losses to be recognized in relation to them.

Property, plant, and equipment include bearer plants related to agricultural activity.

IAS 16 applies to the accounting for property, plant and equipment, except where another standard requires or permits differing accounting treatments.

Requirements

Basic accounting knowledge is required

Syllabus

Definitions used in IAS 16
Recognition requirements
Disclosure requirements
Practical implementation of IAS 16 standard