Description
What you will learn from the video lecture:
- Structure of Ind AS 16
- Definition of PPE
- Recognition
- Meaning of cost measured reliably
- Measurement at initial recognition
- Purchase price and directly attributable cost
- Cost of dismantling and restoring site
- Measurement of subsequent costs
- Incidental operations
- What is capitalisation
- Cessation of capitalisation
- Measurement after recognition
- Why entire class need to be revalued
- Cost model and Revaluation model
- 6 accounting treatment of Revaluation model
- Depreciation – Recognition
- Derecognition
- Numerical example illustrating effect on PL and OCI when an asset is revalued
- Why Revaluation Surplus need to be transferred to Retained Earnings
- Accounting implication when there is a revaluation increase and a revaluation decrease
Additional features:
Session type – Detailed deliberation on Ind AS 16 with maximum use of practical examples and engaging illustrations
On-Demand Access – Enjoy flexibility of accessing e-lecture anytime, anywhere, at your own pace, fitting seamlessly into your busy schedule
Unlimited Views – There is no restriction to the number of views
Study material – You will receive a free comprehensive e-book on Ind AS 16 worth Rs. 119, presentation slides and examples
Support – Clarification of queries is also offered via digital communication for 1 year from the date of purchase
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