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Ind AS 16 - Property, Plant and Equipment

Standard for property, plant and equipment

Why do a one-size fits all types of a course when you can access customized courses designed keeping you in mind. Experience the power of blended learning for your learning requirement. 

80+ hours of Recorded Lectures

400+ professionally recorded videos. Yearly Subscription. Unlimited Views.

Sample Video

Live Sessions

Engage with the instructors through live sessions - Q&A sessions, Mock test discussions, etc

Sample Video

Workshops

At the end of the course, meet with your teacher and other students in week long workshops, clear doubts, network and find solutions. 

Learning Objectives

Ind AS 16 (Indian Accounting Standard 16) provides guidance on how to account for property, plant and equipment (PP&E) in a company's financial statements. The main objective of Ind AS 16 is to ensure that PP&E is properly accounted for and presented in a company's financial statements. Some key aspects of Ind AS 16 are as follows:

- Recognition and measurement: Ind AS 16 requires companies to recognize and measure PP&E at cost, including all costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

- Subsequent measurement: Ind AS 16 requires companies to measure PP&E at cost less accumulated depreciation and accumulated impairment losses. Depreciation is recognized on a systematic basis over the asset's useful life.

- Revaluation: Ind AS 16 permits companies to revalue their PP&E to fair value. Revaluations are required to be performed with sufficient regularity to ensure that the carrying amount of the asset does not differ materially from its fair value.

- Retirement and disposal: Ind AS 16 requires companies to recognize a gain or loss on the retirement or disposal of PP&E, which is calculated as the difference between the net disposal proceeds and the carrying amount of the asset.

- Disclosure requirements: Ind AS 16 requires companies to provide detailed disclosures about their PP&E, including the measurement basis used, the useful lives of assets, depreciation methods, and any impairment losses recognized.


Features of the course

 2 hours of videos 

Download PDFs, charts and images 

Check your knowledge of subject matter and topics through the progression of the course and get rated on your knowledge.

Book live classes and workshops on your course with the instructor for one-to-one guidance and coaching. 

Course Curriculum

About the Trainer

A class of its own

Amit Dharnia is a member of ACCA (UK) and Founder and CEO of Pramisha Business School and Viviana Business School. He is a highly sought-after ACCA trainer in India and abroad who specialises in IFRS & Ind AS and is well known for his rare incisive and clear interpretation of Indian and global accounting standards .

Prior to starting his own educational adventure he has worked as Director, Accounting Advisory Services & Head-Learning Solutions at BDO, India and has over 12 years of accounting advisory/CFO advisory & corporate training experience in various industries.

Before joining BDO, he was one of the key members of IFRS learning solutions offered by KPMG in the period 2014 to 2016 when IFRS was the need of the hour for corporates and have been part of Ind AS implementation and consulting. He has also worked with Axis Risk Consulting (Genpact), TMF Group & Piron Corporation. His book "Ind AS Concepts in a Day" is quite popular among the CA students in India. He has delivered 1000's of sessions to finance and accounting professionals from various countries including India, UAE, Saudi Arabia, Nepal, Singapore, New Zealand, Nigeria, Oman, South Africa etc.

What All India Rank holders and others say about the instructor

"One of the best trainer for IFRS and awesome explanation for every standard in depth with example. Very helpful and easily approachable. Thanks a lot."

CA Yash Arora
Associate at BNP Paribas 

"I had taken your lectures for Dip.IFRS(UK) and found the lectures covering every standard in depth with clear explanations and examples. This helped my journey of learning easy."

Neha Hir
CA, CPA(USA)

"I studied from Amit Sir's lectures for Dip.IFR. His teaching style and years of experience makes each topic easy to comprehend. Logical reasoning and linking of each standard makes it easy to remember the concepts as well."

Rama Goyal
Chartered Accountant

"... I think apart from being an academic guide Amit is also a guide for your professional and other personal matters where he brings in insights from his wide experience both as a professional and an entrepreneur ..."

Tejbir Singh
Vice President, Investment Risk and Banking at Max Life Insurance

"An amazing professional, moreover a great mentor for me. Despite the fact that I had to start my studies from zero he was the one who motivated me to appear for the same and pushed me to achieve the goal. I referred the revision lectures shared by him which was very crisp and to the point. With God's grace  and his guidance I cleared by SBR exam in my first attempt. Very HIGHLY recommended professor..."

CA Vishal Gala
CA, Pursuing ACCA

" Amit sir you are the best/ always available for student resolve their queries. no concept is tough if taught by you. thanks sir.

CA Arti Jha
Deputy Manager Finanace, adda.com, Ex-NDTV

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