10. Financial accounting with IFRS - Chapter 8: Tangible Non-Current Assets (continued)

Chapter 8: Tangible Non-Current Assets. Overview Non-Current Assets & Capital and Revenue Expenditure Capital vs. Revenue Expenditure & IAS 16 Definitions IAS 16 Recognition & Initial Measurement Expenses Excluded from Cost & Example Subsequent Expenditure & IAS 16 Disclosures Depreciation : Definitions & Depreciation Methods Depreciation Calculation with Additions and Disposals Change in Depreciation: Change in Method & Example Change in Estimates & Example Ledger Entries for Depreciation & Revaluation: Measurement Models Revaluation Principles & Upward vs Downward Revaluation Accounting for Initial and Subsequent Revaluations Subsequent Revaluation (Loss then Gain) & Excess Depreciation Transfer Revaluation Accounting Entry Excess Depreciation Transfer Exam Focus on Revaluation Surplus & Asset Disposals Non-Current Asset Disposal : Accounting for Cash Disposal & Example Example and Solution (Gain Transfer) & Part-Exchange Agreement (PEA) Part-Exchange Agreement example and solution The Asset Register: Data Kept in an Asset Register Purpose & Function of Asset Register & Example