Tangible non-current assets (ICAS)


This course primarily covers IAS 16 Property, Plant & Equipment and IAS 40 Investment Properties. It also considers elements of the standards on fair values, impairments, borrowing costs and assets held for sale where relevant.


The main course objective is to help delegates to account for tangible non-current assets under IFRS standards. It will also help in understanding and drawing conclusions from financial statements containing such assets.

The main standards to be considered are IAS 16 Property plant & equipment and IAS 40 Investment Properties. Where relevant, elements of the standards dealing with fair values, assets held for sale, borrowing costs, and impairments will also be considered.

Learning Outcomes:

On completion of this course, you will have a greater understanding of:

  • Prepare elements of financial statements relating to tangible non-current assets in compliance with IFRS standards
  • Understand and analyse financial statements containing tangible non-current assets

Course Content: 

  • Core standards
    • IAS 16 Property, plant & equipment
    • IAS 40 Investment properties
  • Additional standards
    • IFRS 13 Fair values
    • IFRS 5 Non-current assets held for sale and discontinued operations
    • IAS 23 Borrowing costs
    • IAS 36 Impairments

Authored by: Bruce Cowie

Bruce Cowie is the Head of Financial Reporting Programmes at BPP Professional Development. He has been training full time in Financial Reporting topics since 1985, and has an expertise in IFRS, UK GAAP and US GAAP. He has trained across the world (e.g. USA, Europe, APAC, Australia, Argentina) for large multinationals, small and medium sized companies, accounting firms, professional bodies and Government entities, and still maintains a genuine love for his subjects. He has spent a considerable time in training firms for the transition to IFRS and to the new UK GAAP.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price: £35.00 (excludes VAT)