Non-current assets, also referred to as fixed assets, are those resources from which future economic benefits are expected to flow to an entity, and which are mostly meant for long term investment. Such assets can be either in a tangible (physical) or intangible (abstract) form, and they bring along a number of recognition, measurement and classification considerations under IFRS.

During this session, we will be going through the below accounting standards in detail:

  • IAS 16 Property, Plant and Equipment;
  • IAS 38 Intangible Assets;
  • IAS 40 Investment Property;
  • IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations; and
  • IAS 23 Borrowing Costs.


Emerson Zammit joined KPMG during 2018 after completing the Master in Accountancy Degree at the University of Malta. Emerson holds the role of an assistant manager within the firm’s Accounting Advisory Services team and has assisted a wide range of clients across different industries with complex financial reporting matters and other tailor-made solutions in compliance with IFRS. Emerson delivers technical training to both local and international clients on specific financial reporting matters.