events | 01 February 2021

Practical considerations in Accounting for Tangible and Intangible Fixed Assets under IFRS

Non-Current Assets, or as are more commonly known as Fixed Assets, are those resources from which future economic benefits are expected to flow to the business and which are mostly meant for long term investment. These assets take both a physical (tangible) form and abstract (intangible) form and bring with them a number of recognition, measurement and classification considerations under IFRS.

In this IFRS Learning Suite session we will be looking in detail into a number of IFRSs that shed light on non-current assets, mainly:

– IAS16 Property, Plant and Equipment
– IAS 38 Intangible Assets
– IAS 40 Investment Property
– IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations
– IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
– IAS 23 Borrowing Costs

We will be going through the key definitions, initial recognition considerations, initial and subsequent measurement options of the above mentioned assets as well as the various disclosure requirements set out in IFRS. We shall be referrring to a number of practical examples encountered by local companies when accounting for non-current assets, including the provision of best practices when dealing with these important resources in running a business.

Target Audience:

The session is aimed for accounting professionals and financial controllers.

Learning Outcomes:

By the end of the session participants would be knowledgeable of the key concepts such as definition, recognition and measurement requirements as set out in the non-current assets standards.


Basic knowledge on financial reporting is recommended.

Date: 18/11/2021

Time: 14:00 – 16:45 (including 15 minutes break)

Venue:Live online session – details of how to join the meeting will be sent once registration is complete

Fee: €40

Cooperation Partners
  • Malta Employers' Associations
  • Malta Association of Credit Management