In this video, IAS 16 Property, Plant and Equipment 2019 - Part 1, Nhyira Premium explains one of the fundamental accounting standards in Financial Reporting and Corporate Reporting.
In this lecture, Nhyira answers the following questions:
1. What are Property, Plants, and Equipment in accounting?
2. What cost can be capitalized when an asset is acquired?
3. Why are property, plant, and equipment important?
4. Why do we revalue assets?
5. Do you depreciate revalued assets?
In addition, Nhyira also explained the treatment of depreciation, property, plant and equipment journal entries, disposal of revalued assets accounting entries and depreciation of revalued assets.
This video is certainly for students preparing for the ACCA F7 and ACCA P2 examination as well as students of the Institute of Chartered Accountants Ghana (ICAG) studying Financial Reporting and Corporate Reporting.
Nhyira Premium explains the recognition criteria, measurement basis and disclosure requirement .
Nhyira Premium is a Trained and Certified Lecturer with many years of experience both in the Corporate World and the Education Industry. He is the Managing Partner at Premium Education Hub, LLC, the Creator of NHYIRAPREMIUMUNIVERISTY.COM, a published author of eleven (11) Business Books based on the ACCA - UK & ICAG professional qualification examination syllabi.
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Keywords: ias 16 property plant and equipment acca, ias 16 depreciation, ias 16 depreciation of revalued assets, IAS 16 Property, Plant and Equipment 2019 , property plant and equipment sbr
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