This course explains and illustrates the PP&E items recognition and measurement process step-by-step.
Property, plant, and equipment (PP&E) are non-current, tangible assets shown on most businesses' balance sheets. PP&E items play a crucial part in entities' operations because they are an essential resource for producing goods, supplying services, and generating revenues.
The accurate measurement of PP&E items allows entities to fairly reflect their financial position and profitability; hence, they can assure current stakeholders, attract new investors, plan and analyze entities' operations, and manage their assets efficiently.
Nowadays, the importance of accurately measure PP&E items' value became even more vital for decision-makers due to the global economic threats and uncertainties caused by the COVID-19 pandemic and the other political instabilities.
This course explains and illustrates the PP&E items recognition and measurement process step-by-step, including initial recognition, subsequent measurement, depreciation methods, impairment test, fair value measurement, valuation techniques, revaluation model under IFRS, disposals, change in use, and measuring PP&E efficiency.
This course depends on practical cases and examples that simplify the theory behind the US GAAP standard ASC 360 Property, Plant, and Equipment and the IFRS standard IAS 16 Property, Plant, and Equipment and point out the main differences between them.
Field of Study: Accounting
Moataz has over 19 years of accounting, budgeting, auditing, consolidated financials, IFRS, US GAAP, costing, corporate reorganization, debt restructuring, capital reconstruction, and many other aspects of the financial field. Moataz began his career as an external auditor for an international association member firm that provides audit and assurance services worldwide, working with various clients in the education, investment, automotive, constructions, real estate, oil, and manufacturing sectors in the State of Kuwait. Moataz has held several executive positions in prominent stock brokerage firms, holding, and investment groups. Moataz gained his experience from solving day-to-day work issues, and helping entities implement proper accounting systems; thus, he can support the theoretical topics with practical cases, allowing the audience to realize the maximum benefit from attending his courses. Moataz holds a bachelor's degree in Accounting from Alexandria University, Egypt, certified in IFRS from the Association of Chartered Certified Accountants, London, UK. Also, he is a Certified Public Accountant licensed in North Dakota, USA.
