IAS 16 — Property, Plant and Equipment
Modules of the standard
- Concepts67 publishedNormative and pedagogical mapping.
- Questions50 publishedTrue/false, quizzes, calculations, entries, mini-cases, judgment.
- Practical cases5 publishedProgressive cases, from beginner to expert.
- Workpapers9 publishedWorking papers with calculations and entries.
- Professional file1 publishedSimulation of a full engagement.
- Exams2 publishedSealed, versioned final exams.
- Explanations (lessons)17 publishedLesson explanations, chapter by chapter.
Practical cases
- Acquisition of a machining centreL1Beginner
- Logistics warehouse: components and replacementL2Intermediate
- Printing press: revision of estimatesL3Advanced
- Hotels: the revaluation model over three yearsL3Advanced
- Flood, compensation and disposal of a production lineL4Expert
- Professional file: construction and commissioning of a production siteL4Expert
Workpapers
Concepts by topic
Mapping texts (concept labels, objectives, paragraph summaries) are available in French only for now.
Objective and scope
- Objective of the standardImportant1 question
- General scopeCore1 question
- Scope exclusionsImportant1 question
- Investment property under the cost modelSpecialisedNo question
- Bearer plantsSpecialisedNo question
Definitions
- Definition of property, plant and equipmentCore2 questions
- Measurement definitionsCore1 question
Recognition
- Recognition criteriaCore2 questions
- Spare parts, stand-by and servicing equipmentImportant1 question
- Unit of measure and aggregationAdvancedNo question
- Safety and environmental equipmentAdvancedNo question
Subsequent costs
- Day-to-day servicingCore1 question
- Replacement of partsCore1 question
- Major inspections and overhaulsImportantNo question
Measurement at recognition
- Measurement at cost on initial recognitionCore1 question
- Purchase priceCore2 questions
- Directly attributable costsCore3 questions
- Dismantling, removal and restoration costsAdvancedNo question
- Costs excluded from the cost of an itemCore1 question
- Cessation of capitalisationCore1 question
- Proceeds before intended useImportant1 question
- Incidental operationsImportant1 question
- Self-constructed assetsImportantNo question
- Deferred payment beyond normal credit termsAdvancedNo question
- Exchanges of assetsAdvancedNo question
- Government grants reducing costImportantNo question
Measurement after recognition: model choice and cost model
- Choice of cost or revaluation model by classCore1 question
- Cost modelCore1 question
- Owner-occupied property backing direct participation contractsSpecialisedNo question
- Changes in decommissioning liabilitiesAdvancedNo question
Revaluation model
- Conditions of the revaluation modelImportant1 question
- Fair value measurement for revaluationImportant1 question
- Frequency of revaluationsImportantNo question
- Accumulated depreciation at revaluationAdvancedNo question
- Revaluation of an entire classImportant1 question
- Revaluation increasesImportant1 question
- Revaluation decreasesImportant1 question
- Transfer of revaluation surplus to retained earningsAdvancedNo question
- Income tax effects of revaluationAdvancedNo question
Depreciation
- Component approachCore2 questions
- Recognition of the depreciation chargeImportant1 question
- Depreciable amount and depreciation periodCore1 question
- Residual valueCore1 question
- Useful lifeCore2 questions
- Land and buildingsImportant1 question
- Depreciation methodsCore1 question
- Revenue-based depreciation methodsAdvancedNo question
- Start of depreciationCore1 question
- Cessation of depreciationCore1 question
- Review of useful life, residual value and methodImportant1 question
Impairment and compensation
- Impairment by reference to IAS 36Important1 question
- Compensation from third partiesImportant1 question
Derecognition
- Derecognition triggersCore1 question
- Gain or loss on derecognitionCore3 questions
- Date of disposalImportant1 question
- Measurement of disposal considerationAdvancedNo question
- Items held for rental routinely soldSpecialisedNo question
- Sale and leasebackSpecialisedNo question
Disclosure
- Disclosures by class: bases, methods, livesImportant1 question
- Carrying amount reconciliationImportant1 question
- Restrictions, pledges, construction expenditure and commitmentsImportantNo question
- Disclosure of proceeds before intended useSpecialisedNo question
- Depreciation judgments and changes in estimatesImportantNo question
- Revaluation disclosuresAdvancedNo question
- Impairment disclosuresImportant1 question
- Encouraged disclosuresSpecialisedNo question
Transition and effective dates
- Transition provisions of amendmentsSpecialisedNo question