IAS 16 PPE | Property, Plant & Equipment | Revaluation Model | Commerce Specialist |

This video from Commerce Specialist is a Tutorial Video / Lecture Video which explains the main provisions of IAS 16 Property Plant and Equipment (PPE). This video covers the main provisions of IAS 16 which are Initial Recognition, Depreciation, Revaluation and Derecognition.

This video explains in details the concept of Depreciation and Revaluation of Non-Current Assets (NCA), How revaluations is done, why revaluation is done, who does revaluation.

This video also explains the Concept of Revaluation Surplus, what is Revaluation Surplus, How to calculate Revaluation Surplus, How to give general entry to record Revaluation Surplus, how to calculate downward Revaluation, the accounting entry to record downward revaluation.

Detailed explanation is given regarding the concept of Excess Depreciation, What is Excess Depreciation, How to Calculate Excess Depreciation, How to record Excess Depreciation, Why Excess Depreciation is transferred, To which account Excess Depreciation is Transferred, Treatment of Accumulated Depreciation on Revaluation. Why Excess Depreciation is transferred to Retained Earnings.

This video also explains the concept of Gain or Loss on Disposal of Assets, Disposal of Non-Current Assets, Sale of Non-Current Assets, Entry to record sale of Fixed Assets, Entry to record disposal of Assets, Entry to record disposal of Non-Current Assets.

This tutorial/lecture video is very relevant and useful for students of I. Com, B. Com, O Levels, A Levels, CA, ACCA, CMA, CIMA and CPA and CIA as it covers the learning outcomes of their syllabus.

About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, holds a Bachelors in Accounting, B.Ed., an MBA in Finance, Certificate in International Audit from ACCA-UK, a Professional Certificate from ICMAP along with over 20 years’ experience of working in MNCs including Banks, NBFIs and top business schools, colleges and universities.

Link of my other videos:

#ias16 #revaluationmodel #revaluationsurplus

[maryamfatima]

You've explained better than my teachers. I am a student of masters in accounting and finance, in Uk. I prepared my exams through your videos. Thank you these videos are really helpful

[jepheryminkis]

so far is only yours i fully get the understanding of these IAS
Thanks so much

[mustafakafina]

Thank you sir, this video make the picture clear for IAS16 and Depreciation

[Man-is]

You are a brilliant teacher, thank you for your simple and quick explanation

[kaifsarfraz]

Sir g tusi great ho 💞💖
Excellent thanks a lot muje IAS 16 mein bs yhi smj ni aa rha tha but im thankful to God k apki video dekh li ❤

[emmanuelmwesigye]

You have explained IAS 16 very well. Thank you so much.

[joechibangu]

Thank you Sir, sincerely appreciated for all your tutorials. You have done justice to ACCA 7.🙏

[SujiKotari]

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[Upeksha-mffg]

Thank you very much for this explanatory videos yours.You have made them clear and to the point.So glad i found it.Thanks again

[cabdiraxmanmuse]

Al ways supportive and fruit full explanation. Thanks for your kind effort

[samaralbalushi]

Thank you sir, it was really helpful.
Understood everything

[ericbangaley]

Sir you make me to revaluation well.Thank so much, i need this same explanation on IAS 36, 40, 38 Sir

[asadullahalgalib]

thank you sir for describing this clearly. it is very helpful for me

[JohnBassey]

I read this topic this morning adding with your teaching it became more interesting. Thank you sir.❤🇳🇬

[Muzzray]

Thank you so much sir this is way too helpful to my IAS 16 study

[FirstKill-pvts]

Thank you for everything❤
We will meet in the successive years, I'm Diana Xo ⭐

[shazahanislam]

Excellent presentation Sir. Thank you very much.

[trappedinownthoughts]

Thank you very much sir it was very useful
will be eagerly waiting for new videos related to ACCA ❤

[sa._.]

Very well explained, thank you so much sir. May Allah bless you.

[Toini]

May God bless you for this.. I fully understand. Thank you sooo much