This e-learning course is part of an e-learning series designed by PwC Könyvvizsgáló Kft. which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (Hungarian) accounting and reporting processes.
Our instructors-- experts in IFRS - designed the professional materials according to the IAS 16 Property, plant and equipment standard currently in force. They made the curriculum more accessible by including practical examples and interim tests to help knowledge assessment. The material ends with a test questionnaire.
The e-learning introduces the following topics:
- Definitions: definition and categories of property, plant and equipments – land and buildings, vehicles and machinery, furniture, fixture and fittings, construction in progress
- Recognition: types of recognition - component-based approach, aggregated value
- Measurement: initial measurement – directly attributable costs, borrowing costs, qualifying assets; subsequent measurement – treatment of subsequent expenditures, depreciation, useful economic life of an asset, residual value, profit or loss on disposal of PP&E
- Test your knowledge