IAS 16 Property, plant and equipment


Almost every company has tangible non-current assets, that are held by an entity to use in the production or supply of goods and services, or for administrative purposes. These assets are called PP&E, that is property, plant and equipment. 

IAS 16 standard specifies property, plant and equipment's detailed accounting and disclosure requirements. How to calculate depreciation? What should and should not be included in the initial cost of PP&E? What is component-based approach? This course will walk you through the recognition, measurement and derecognition criteria as well as disclosure requirements of property, plant and equipment using practical examples and interim tests to enhance understanding.

This course will enable you to:

  • understand the definition of property, plant and equipment
  • identify the type of costs which should and should not be included in the value of property, plant and equipment at the time of initial recognition
  • understand the proper accounting treatment under the component-based approach
  • account for depreciation of property plant and equipment
  • understand the correct accounting treatment of subsequent expenditures
  • identify correct accounting journals for a disposal of property plant and equipment
  • review IAS 16 standard's disclosure requirements

Further information:

  • Training hours: 60 minutes 
  • Languages: English, Hungarian, Russian, Serbian, Croatian

This e-learning course is part of an e-learning series designed by PwC Academy Hungary which aims to provide a comprehensive overview of the application of IFRS (IAS) standards to finance and accounting experts who are already familiar with fundamental (local) accounting and reporting processes.


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Contact us

Ana Cetkovic

Ana Cetkovic

PwC's Academy Coordinator, PwC Montenegro

Tel: +382 67 643 304