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.