This course provides an overview of the principles contained in International Financial Reporting Standards (IFRS) related to the initial recognition and subsequent measurement of nonfinancial assets, such as property, plant, and equipment, investment property, intangible assets, and inventories. Testing for impairment of these long-lived nonfinancial assets is also explored.
Prerequisites
No advanced preparation or prerequisites are required for this course.
Learning Objective
- Explore important considerations for accounting for property, plant, and equipment per International Accounting Standard (IAS) 16 and investment property per IAS 40.
- Discover important considerations when identifying and recognizing intangible assets per IAS 38.
- Recognize key factors in fair presentation of inventories per IAS 2.
- Explore impairment testing of long-lived nonfinancial assets per IAS 36.
Last updated/reviewed: September 27, 2026
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Jennifer Louis
CPA, President of Emergent Solutions Group LLC
INTRODUCTION AND OVERVIEW
- Introduction to Accounting for Nonfinancial Assets Under IFRS 00:55
- Property, Plant, and Equipment 8:50
- Investment Property 7:08
- Intangible Asset 9:00
- Inventory 7:01
- Impairment of Long-Lived Assets 7:12
- Impairment - Calculating The Recoverable Amount 7:30
- Goodwill - Special Impairment Considerations and Conclusion 3:26
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: Accounting for Nonfinancial Assets under IFRS PDF
- Accounting for Nonfinancial Assets under IFRS Glossary/Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM locked
