This session is all about fixed / longer term assets. We’ll capitalise on our time together by establishing a strong theoretical foundation based on simplifying definitions, recognition and measurement principles for Property Plant and Equipment as well as Investment Property.

We’ll proceed to build thereon by practicing calculations and analysing the accounting entries in various scenarios, including component accounting, spare / replacement parts, revaluation surpluses or fair value adjustments, changes in measurement model and revised depreciation amounts, inter alia.