Free ACCA FR Property, Intangibles and Borrowing Costs Study...

Overview

This module covers non-current asset accounting and borrowing cost capitalisation, including PPE recognition measurement, intangible asset criteria, and eligible borrowing costs. Topics include componentisation, research vs development, and capitalisation cessation.

1. Property, plant and equipment (IAS 16)

• Recognition and initial measurement, componentisation
• Depreciation methods and changes
• Revaluation model and derecognition

2. Intangible assets (IAS 38)

• Research vs development and recognition criteria
• Amortisation and useful life
• Internally generated intangibles and brands

3. Borrowing costs (IAS 23)

• Capitalisation criteria and eligible assets
• Suspension and cessation of capitalisation
• Disclosures and practical issues