Mian Ahmad Farhan-FCA
Topics Covered:
• Overview of Property, Plant, and Equipment (PPE)
• Key accounting standards for PPE
• Initial recognition and measurement of PPE
• Depreciation methods and their applications
• Basic examples to reinforce understanding
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Description:
Property, Plant, and Equipment Basics with Mian Ahmad Farhan-FCA
In this session, Mian Ahmad Farhan-FCA introduces the fundamentals of Property, Plant, and Equipment (PPE) in financial accounting. This lesson will help you understand the critical principles, recognition, and depreciation of PPE, which are essential for financial reporting.
What You’ll Learn:
• Initial Recognition of PPE: Learn how assets like buildings, machinery, and equipment are initially recorded in financial statements.
• Measurement of PPE: Understand cost models and revaluation models for measuring PPE after recognition.
• Depreciation Techniques: Explore various depreciation methods such as straight-line and reducing balance methods with practical examples.
• Accounting Standards: Get an overview of the accounting standards governing PPE for accurate financial reporting.
Enhance Your Skills in PPE Accounting
This video is designed to clarify the basics of PPE accounting, equipping students and professionals with the tools to handle practical problems effectively.
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Contact Us for More Information:
EdSkills Centre of Finance
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