Property, plant and equipment, intangible assets and impairment training

Prerequisites

No prior knowledge is required

Objectives

◗ Apply the appropriate accounting treatments to the various types of tangible and intangible fixed assets.

◗ Identify the main differences between IFRS and French accounting standards.

◗ Perform impairment tests on fixed assets.

Training program

This program is updated in real time to reflect the latest developments.

◗ Initial and Subsequent Recognition of Property, Plant, and Equipment (IAS 16)

– Initial measurement and components of cost
– Accounting for decommissioning obligations
– Accounting for grants (IAS 20) and borrowing costs (IAS 23)
– Implementation of the component approach
– Treatment of subsequent expenditures, inspection costs, and major repairs
✔ APPLY | Practical examples: recognition of initial costs – Decommissioning costs – Components and depreciation
✔ APPLY | Quiz: Subsequent expenditures – expense or fixed asset?

◗ The Concept of Investment Property under IFRS (IAS 40)

– Identifying fixed assets that meet the definition of investment property
– Recognition and measurement: the two measurement models under IAS 40
✔ UNDERSTANDING | Group discussion: identification framework
✔ UNDERSTANDING | Examples: review of published financial statements

◗ Special Treatment of Leased Assets Under IFRS (IFRS 16)

– Determining the lessee’s right-of-use and lease obligation
– Identifying the impacts on the balance sheet, income statement metrics, and the presentation of the cash flow statement
✔ APPLY | Case Study: Impacts of IFRS 16

◗ Recognition and Measurement of Intangible Assets (IAS 38)

– Recognition Criteria
– Accounting for Research and Development Expenses
– Intangibles and Business Combinations
– Special Case of SaaS (Software as a Service) Contracts
✔ UNDERSTAND | Examples: Review of Published Financial Statements
✔ APPLY | Case Study: Accounting for R&D Expenses

◗ Impairment (IAS 36)

– Methodology and Frequency of the Test
– Determining the Recoverable Amount of Fixed Assets
– Rules for RecognizingImpairment Losses
✔ PRACTICE | Quiz: Which Assets Should Be Tested and When?
✔ PRACTICE | Case Study: Indicators of Impairment and Impairment Testing

◗ Noncurrent assets held for sale (IFRS 5)

– Objectives and Application Criteria for IFRS 5
– Impacts on the Presentation of Financial Statements
✔ UNDERSTANDING | Examples: Review of Published Financial Statements

Why choose this course?

Fixed assets are a critical topic that may seem deceptively familiar. In reality, it is a highly technical field. Recognition, ongoing monitoring, and impairment testing require strong skills and knowledge of numerous standards. Ensuring compliance with both IFRS and French requirements helps improve efficiency. This training course allows participants to acquire or review the necessary technical skills.

Teaching and assessment methods

Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.

Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.

Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.

During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.

Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.

Price

1 295 € EXCL. TAX

Testimonials

Training Property, plant and equipment

Jonathan C.
Company
Training

Generalist trainings