This module on long-term (non-current, non-financial) assets introduces and explains the key accounting requirements of the IPSAS accruals basis standards relating to such assets. The module includes coverage of the main recognition, measurement, presentation and disclosure requirements, for IPSAS compliant accounting for long-term assets.

Learning objectives:

  • Identify the criteria under which a long-term asset (property, plant and equipment, intangibles and investment property ) should be recognised
  • Differentiate between cost that are capitalised and costs that are not capitalised for long-term assets (property, plant and equipment, intangibles and investment property)
  • Recognise approaches for measurement for long-term assets (property, plant and equipment, intangibles and investment property)
  • Recognise the disclosure requirements for property, plant and equipment, intangibles and investment property
Skill Level: Beginner