Page 21 - FR Integrated Workbook 2018-19

Chapter 2

Tangible non-current assets

Outcome

By the end of this session you should be able to:

 define and compute the initial measurement of a non-current asset (including
borrowing costs and self-constructed assets)

 identify subsequent expenditure that may be capitalised, distinguishing between
capital and revenue items

 explain the requirements of IAS 16 in relation to the revaluation of non-current
assets

 account for revaluation and disposal gains and losses for non-current assets

 calculate depreciation based on the cost and revaluation model and on assets
that have two or more significant parts (complex assets)

 apply the provisions of IAS 20 in relation to accounting for government grants

 discuss why the treatment of investment properties should differ from other
properties

 apply the requirements of IAS 40 for investment properties

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Integrated Workbook can
be found in Chapter 2 of your Study Text

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