IAS 16 PROPERTY PLANT & EQUIPMENT

As an Accountant, you want to be able to distinguish items of property, plant and equipment from other assets of an entity.

When do items of property, plant and equipment qualify for recognition?

How to measure items of property, plant and equipment upon initial recognition and subsequently thereafter?

How is property, plant and equipment presented and disclosed in financial statements?

How to identify and account for property, plant and equipment that should be derecognised or transferred to another classification of asset?

What judgements are required to demonstrate an understanding of accounting for property, plant and equipment?