ΠΕΡΙΓΡΑΦΗ

Join us for a comprehensive seminar designed to equip participants with the essential skills and knowledge required to effectively manage and report Non Current Assets under IFRS. This seminar emphasizes practical application, ensuring you gain actionable insights and tools to tackle real-world challenges in non-current asset accounting. During the seminar, we will explore key IFRS and IAS standards that govern non-current assets, including: Property, Plant, and Equipment, Intangible Assets, Investment Property, Non-Current Assets Held for Sale and Discontinued Operations, Leases and Borrowing Costs.

This course will be hosted in Limassol but you may participate Live-Online if this suits your schedule. Cost is €180+VAT for Online participation & €200+VAT for in-class participation

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The seminar is addressed to finance professionals, accountants, and auditors. It is also relevant and appropriate to any an individual having an active role in preparing and analyzing financial statements.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Course Outline

IAS 16 Property plan and Equipment

• Recognition
• Measurement – Cost model / Revaluation model
• Depreciation
• Derecognition
• Disclosures
• Practical examples

IAS 40 Investment Property

• Recognition
• Measurement – Cost model / Fair value model
• Determining fair value
• Transfers to/from IP
• Derecognition
• Special cases
• Disclosures
• Practical examples

IAS 23 Borrowing costs

• Recognition
• Commencement/suspension/cessation of capitalisation
• Disclosures
• Practical examples

IAS 38 Intangible Assets

• Recognition criteria
• Purchased vs internally generated intangible assets
• Goodwill
• Research & Development
• Initial recognition, useful life and amortization
• Measurement after recognition
• Cost model / Revaluation model
• Derecognition
• Disclosures
• Cryptocurrencies
• Practical examples

IFRS 16 Leases

• Scope
• Identifying a lease
• Lease term
• Accounting by lessees
• Recognition exemptions
• Modifications to contracts
• Accounting by lessors
• Sublease
• Disclosure
• Practical examples

Non-Current assets Held for Sale and Discontinued operations

• Recognition / Classification
• Measurement
• Changes to plan of sale & extension to 1 year requirement
• Presentation & Disclosure
• Practical examples

Certification

All participants will be awarded a certificate. Each hour of attendance will account for one unit of Continuing Professional Development (CPD) as required for members of most professional bodies.