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.
Viewers and students can contact me on info@comparativeedge.com or email me at studyonline8888@gmail.com or WhatsApp me on +923219213800.
website: www.comparativeedge.com
Link of my other videos:
Depreciation Basics: [Straight Line & Declining Balance Method] • Depreciation | Methods...
Inventory Valuation:[Systems & Methods] : • Stock Valuation System...
#ias16 #revaluationmodel #revaluationsurplus

Пікірлер: 162

  • @maryamfatima3134
    @maryamfatima31346 ай бұрын

    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

  • @CommerceSpecialist

    @CommerceSpecialist

    6 ай бұрын

    Ur most welcome Maryam🙏👍

  • @jepheryminkis7049
    @jepheryminkis7049 Жыл бұрын

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

  • @mustafakafina4148
    @mustafakafina41483 жыл бұрын

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

  • @samaralbalushi7775
    @samaralbalushi77753 жыл бұрын

    Thank you sir, it was really helpful. Understood everything

  • @karenlausberg9562
    @karenlausberg9562 Жыл бұрын

    Thanks for explaining this concept so well! I am so glad I came across your lecture videos! ❤

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    You are welcome dear Karen

  • @Upeksha-mf4fg
    @Upeksha-mf4fg11 ай бұрын

    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

  • @CommerceSpecialist

    @CommerceSpecialist

    11 ай бұрын

    You are most welcome dear😊🙏👍

  • @farhanali9956
    @farhanali99567 күн бұрын

    Explained efficiently ❤

  • @CommerceSpecialist

    @CommerceSpecialist

    4 күн бұрын

    @@farhanali9956 thx dear👍

  • @trappedinownthoughts2163
    @trappedinownthoughts2163 Жыл бұрын

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

  • @jamilaalbusaidi7453
    @jamilaalbusaidi74533 жыл бұрын

    Thank you, sir, the video was really helpful

  • @ajaykumar-et8nx
    @ajaykumar-et8nx Жыл бұрын

    Really a specialist 👏

  • @mvah4897
    @mvah4897Ай бұрын

    brilliantly explained thank you so much sir.

  • @CommerceSpecialist

    @CommerceSpecialist

    Ай бұрын

    Ur welcome dear👍🙏

  • @SujiKotari
    @SujiKotari29 күн бұрын

    Sir actually i am preparing for FR for september i am doing self study i am following ur videos very help ful ur teaching was very nice sir tq so much ur hardwork paysoff...

  • @CommerceSpecialist

    @CommerceSpecialist

    22 күн бұрын

    Good Luck dear

  • @jasghouse
    @jasghouse Жыл бұрын

    Nice explanation.. Thank you

  • @basharessam8185
    @basharessam81853 жыл бұрын

    Thank you very much sir it was wonderful 👌🏻

  • @matirasabanda7184
    @matirasabanda7184Ай бұрын

    thanks for the video very informative

  • @lukemaya8777
    @lukemaya87778 ай бұрын

    Thank you very well explained.

  • @joechibangu2007
    @joechibangu200710 ай бұрын

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

  • @CommerceSpecialist

    @CommerceSpecialist

    10 ай бұрын

    Thanks a lot for ur appreciation👍🙏

  • @cabdiraxmanmuse7710
    @cabdiraxmanmuse7710Ай бұрын

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

  • @CommerceSpecialist

    @CommerceSpecialist

    Ай бұрын

    Ur welcome dear🙏👍

  • @natkakirovajonuzi4285
    @natkakirovajonuzi4285Ай бұрын

    Great presentation

  • @CommerceSpecialist

    @CommerceSpecialist

    Ай бұрын

    Thanks

  • @faisalaziz4001
    @faisalaziz40014 жыл бұрын

    Its too good to know about IAS 16.

  • @CommerceSpecialist

    @CommerceSpecialist

    4 жыл бұрын

    Thanks dear

  • @Toini89
    @Toini894 ай бұрын

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

  • @CommerceSpecialist

    @CommerceSpecialist

    4 ай бұрын

    Ur welcome dear👍🙏

  • @shazahanislam2097
    @shazahanislam2097 Жыл бұрын

    Excellent presentation Sir. Thank you very much.

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thanks dear

  • @majidalmamari7389
    @majidalmamari7389 Жыл бұрын

    Excellent presentation Sir. Thank you very much.❤

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    You are wekcome Majid

  • @chiawearroom3020
    @chiawearroom30202 жыл бұрын

    Well understood.

  • @NicoFreese
    @NicoFreese Жыл бұрын

    great explanation and very comfortable to follow you :) !!

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thx Nico

  • @akashdeepdhiman6775
    @akashdeepdhiman67752 жыл бұрын

    Understood in an easy manner..thank you sir 🙂

  • @CommerceSpecialist

    @CommerceSpecialist

    2 жыл бұрын

    🙏

  • @farheenbano1495
    @farheenbano14953 жыл бұрын

    Very good lecture

  • @muhammadtayyabjamshid8113
    @muhammadtayyabjamshid811311 күн бұрын

    Sir you are geniou❤

  • @sa._.049
    @sa._.0492 жыл бұрын

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

  • @CommerceSpecialist

    @CommerceSpecialist

    2 жыл бұрын

    Dear Samia Thx a lot, this is what keeps me going.

  • @binomonkuriakose1437
    @binomonkuriakose14375 ай бұрын

    Excellent

  • @IntelligenceAp
    @IntelligenceAp2 жыл бұрын

    Sir I am glad to come across your videos My Energy has Increased just in the Last Hr of watching Your Videos I need some one to Study with in Atlanta is there a beginners group you know of in that area. Thank You Thank You Thank You for this Knowledge . I want to be a Accountant because I have come across a few Accountants in my travels . This information is changing my Life because of the accuracy of what you say and How you say it .

  • @sumidevi8684
    @sumidevi86844 ай бұрын

    Clearly understanding . thank You sir

  • @CommerceSpecialist

    @CommerceSpecialist

    4 ай бұрын

    Ur welcome👍

  • @faithshelly5371
    @faithshelly53714 ай бұрын

    This is very well explained Thank you

  • @CommerceSpecialist

    @CommerceSpecialist

    4 ай бұрын

    Thanks dear

  • @shijicsam6043
    @shijicsam6043 Жыл бұрын

    Awesome class and well explained Worth to professionals. Expecting soon your tutorials in cost accounting 👍🏻👍🏻

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thanks d3ar Shiji, many videos are already on my channel on costing on my channel, just check with topic's name and you will find dear

  • @shijicsam6043

    @shijicsam6043

    Жыл бұрын

    @@CommerceSpecialist 💓💓💓

  • @Muzz2ray
    @Muzz2ray Жыл бұрын

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

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Ur welcome dear

  • @JohnBassey
    @JohnBassey2 ай бұрын

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

  • @CommerceSpecialist

    @CommerceSpecialist

    2 ай бұрын

    Ur welcome dear🙏👍😊

  • @JohnBassey

    @JohnBassey

    2 ай бұрын

    @@CommerceSpecialist 🙏

  • @ankitacharya5307
    @ankitacharya53073 жыл бұрын

    Watched twice thank you again. Make more video sir

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Sure dear

  • @jamellah3606
    @jamellah360611 ай бұрын

    very well understood ..thank you sir

  • @CommerceSpecialist

    @CommerceSpecialist

    11 ай бұрын

    Ur welcome dear👍🙏

  • @heartlyjanebendong824
    @heartlyjanebendong8242 жыл бұрын

    thank you so much sir, I have understood everything

  • @CommerceSpecialist

    @CommerceSpecialist

    2 жыл бұрын

    You are always welcome dear. Regards

  • @mary-theresaogbuakanne7787
    @mary-theresaogbuakanne778711 ай бұрын

    Thank you for this excellent and insightful teaching

  • @CommerceSpecialist

    @CommerceSpecialist

    11 ай бұрын

    👍❤️🙏🙏

  • @MathipaChepape
    @MathipaChepape5 ай бұрын

    I am new and i am definitely subscribing to your channel. Thank you Sir

  • @CommerceSpecialist

    @CommerceSpecialist

    5 ай бұрын

    Ur welcome dear😊👍🙏

  • @ajeshnair4682
    @ajeshnair4682 Жыл бұрын

    Outstanding presentation ❤🎉

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    🙏👍

  • @amnanoor1986
    @amnanoor19868 ай бұрын

    Thank you Sir

  • @nthabelengtaioe
    @nthabelengtaioe3 жыл бұрын

    Thank you very much. This was very helpful. Can you please do a video on Earnings per share

  • @jinayjogani5951
    @jinayjogani5951 Жыл бұрын

    thank you for your lecture, sir

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thanks jinay

  • @usaidsiddique6467
    @usaidsiddique6467 Жыл бұрын

    Thanku sir

  • @ameliawilson179
    @ameliawilson1793 жыл бұрын

    Sir, you've explained it very well ❤️.... Could you do a few more videos on this topic?

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks, sure just let me know ur exact requirements.

  • @Progaming-ro5xm
    @Progaming-ro5xm2 жыл бұрын

    Dear Sir, Please be requested to explain depreciation and Revaluation with some practical corporates examples. Thankz

  • @mangalikapriyanggoogani4756
    @mangalikapriyanggoogani4756 Жыл бұрын

    why did excess deprecation transfer to retain earning (30,000)

  • @jahangirsacademy6064
    @jahangirsacademy6064 Жыл бұрын

    Thank you sir, this video is very useful

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thx

  • @ahsanullahjunejo1830
    @ahsanullahjunejo18303 жыл бұрын

    Perfectly explained

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks dear

  • @bhupendrasinghrajput701
    @bhupendrasinghrajput701 Жыл бұрын

    Crystal clear, thank you so much ☺️

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    You're welcome dear🙏👍

  • @abeeharana9435
    @abeeharana9435 Жыл бұрын

    sir i am CMA's student you explained this topic wonderfully💓💞 can you plz upward downward revaluation in subsequent revaluation please as soon because next month i have an exam please

  • @ekeneonyendu6362
    @ekeneonyendu63622 ай бұрын

    Thank so much Sir.

  • @CommerceSpecialist

    @CommerceSpecialist

    2 ай бұрын

    Ur welcome

  • @endlosleibe8972
    @endlosleibe89723 жыл бұрын

    Thank you Sir 😍 I would like to request you to make CMA videos by chapter since there’s no much in English as clarity as your teachings 🙏

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Sure

  • @talifhanimulaudzi8673
    @talifhanimulaudzi8673 Жыл бұрын

    thank you so much

  • @asifansarii600
    @asifansarii6003 жыл бұрын

    Excellent explanation

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks a lot

  • @NadiaNadia-gz2fu
    @NadiaNadia-gz2fuАй бұрын

    amazing

  • @CommerceSpecialist

    @CommerceSpecialist

    Ай бұрын

    Thx

  • @amnanoor1986
    @amnanoor19868 ай бұрын

    Thank you so much Sir❤

  • @CommerceSpecialist

    @CommerceSpecialist

    8 ай бұрын

    Ur welcome Amna😊🙏👍

  • @akrambodla6970
    @akrambodla6970 Жыл бұрын

    best teacher. jzakallah

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thanks Mr. Akram

  • @LizinessDupu-sw5fx
    @LizinessDupu-sw5fx Жыл бұрын

    At least someone has explained it clearly

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    🤣🙏👍

  • @user-yj1tr1uv1k
    @user-yj1tr1uv1k Жыл бұрын

    Well explained.

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thx dear😊👍

  • @shahidsaif1423
    @shahidsaif14234 жыл бұрын

    Good one

  • @CommerceSpecialist

    @CommerceSpecialist

    4 жыл бұрын

    Thanks

  • @imranabbas854
    @imranabbas854 Жыл бұрын

    Hello. Please assist with these questions: At what date is the excess depreciation recorded? What are the journal entries to record depreciation at Dec 2020?

  • @kolawoleoluwafemi3258
    @kolawoleoluwafemi325811 ай бұрын

    Thanks much sir,I humbly request u make a video on impairment and recoverable amount of asset and solve related questions on it. Thanks much.

  • @CommerceSpecialist

    @CommerceSpecialist

    11 ай бұрын

    Sure dear🙏😊👍

  • @rohanfernandes920
    @rohanfernandes920 Жыл бұрын

    👌

  • @yoursmfatima
    @yoursmfatima Жыл бұрын

    May god bless you

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thx dear

  • @user-vz1hm7zt5r
    @user-vz1hm7zt5r Жыл бұрын

    Sir i understand you lecture clearly but what will be the treatment if the depreciation is less than original one after revaluation. I am finding it difficult to understand.

  • @anamnaaz5942
    @anamnaaz5942 Жыл бұрын

    Sir, I have 1 question which is that why at the time of Initial Recognition the asset is recorded at cost value...??

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    This is as per Cost Principle, All NCA are initially recoreded at their cost.

  • @theophistat.9324
    @theophistat.93243 жыл бұрын

    Thank you! But quick qn. why did we credit motorvehicle and not depreciation at 19:04 ?

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Because previous accumulated depreciation is already cancelled whn revaluation is done.

  • @melissafernandes5308
    @melissafernandes53088 ай бұрын

    How will we account for impairment on revalued assets? Is it the same as downward revaluation?

  • @CommerceSpecialist

    @CommerceSpecialist

    8 ай бұрын

    Impairment is an expense

  • @vikasnarang83
    @vikasnarang83 Жыл бұрын

    Where revaluation expenses will be recorded, if any, in p& L or.

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Charged to P/L

  • @aliimran7620
    @aliimran76209 ай бұрын

    Plz upload IAS 36 in details as well. Thanks

  • @aselapriyankara3176
    @aselapriyankara31763 жыл бұрын

    sir can do video on IFRS 16 leases. this vedio is so good. i am CA student

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Sure why not

  • @yonasfisseha1182
    @yonasfisseha11825 ай бұрын

    Please prepare and share a video for DipIFRS.

  • @CommerceSpecialist

    @CommerceSpecialist

    4 ай бұрын

    The course details??

  • @yonasfisseha1182

    @yonasfisseha1182

    4 ай бұрын

    Dear Sir, thank you for your prompt response, -what I meant was the Diploma in IFRS, the syllabus which is currently being examined by ACCA every June and December. Thank you.

  • @tanvimishra6163
    @tanvimishra61633 ай бұрын

    Can you please upload all the IAS?

  • @CommerceSpecialist

    @CommerceSpecialist

    3 ай бұрын

    Most of the IASs already uploaded, others coming soon

  • @aliimran7620
    @aliimran762010 ай бұрын

    Is this all about IAS 16 or is there something else included in such standard? Thank you Actually I am preparing for DipIFRs?

  • @CommerceSpecialist

    @CommerceSpecialist

    10 ай бұрын

    I recommend you read the standard comprehensively dear

  • @aliimran7620

    @aliimran7620

    9 ай бұрын

    @@CommerceSpecialist yes,I am doing so

  • @ninsiimasarah3895
    @ninsiimasarah3895 Жыл бұрын

    please make avideo on borrowing costs

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Sure dear

  • @SujiKotari
    @SujiKotari29 күн бұрын

    sir i need a help for FR i need the order of ur videos for learning plz kindly respond to this sir...

  • @CommerceSpecialist

    @CommerceSpecialist

    22 күн бұрын

    Yes dear

  • @SujiKotari

    @SujiKotari

    21 күн бұрын

    @@CommerceSpecialist plz share the link sir i need every video related to FR sir plz...

  • @Ali-Haider-ca
    @Ali-Haider-ca11 ай бұрын

    Also explain cost model please

  • @CommerceSpecialist

    @CommerceSpecialist

    11 ай бұрын

    Sure

  • @akrambodla6970
    @akrambodla6970 Жыл бұрын

    regulatory framework per video bna dain

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    ACCA OR CMA??

  • @ahmadalif2609
    @ahmadalif2609 Жыл бұрын

    Sir please upload videos on Ind AS 38, 36, 2 and 23

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Sure

  • @mdimroz8259
    @mdimroz82593 жыл бұрын

    Sir please upload video on US Cma scholarships program

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Some other videos are in queue now, but will make this one as well.

  • @mdimroz8259

    @mdimroz8259

    3 жыл бұрын

    @@CommerceSpecialist thx sir....... Actual currently I am student of b com 2 year,, and I want to do US Cma so when I start my preparation now or on 3 rd year.............

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    @@mdimroz8259 You should start concentrating on the topics which are common in B.com n CMA, i suggest first you complete ur B.Com, then fully concentrate on CMA. ALL THE BEST

  • @fughainamagowa7324
    @fughainamagowa7324 Жыл бұрын

    Ias 12

  • @farheenbano1495
    @farheenbano14953 жыл бұрын

    Sir please also upload IFRS

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Which IFRS??

  • @farheenbano1495

    @farheenbano1495

    3 жыл бұрын

    @@CommerceSpecialist all IFRS one by one

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    @@farheenbano1495 sure, in the meantime watch my videos on IAS 16 & 7

  • @farheenbano1495

    @farheenbano1495

    3 жыл бұрын

    @@CommerceSpecialist i have watched both , both were great easy n understandable

  • @SANJAYRAJAK-qh4lr
    @SANJAYRAJAK-qh4lr Жыл бұрын

    What is revaluation surplus? Why P&L debit amount of 20k where did you get this amount can you please little in detail.

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    When you assess the value of your non current assest and you find that the current market value is way above the net book value, the difference is called Revaluation Surplus

  • @SANJAYRAJAK-qh4lr

    @SANJAYRAJAK-qh4lr

    Жыл бұрын

    What is revaluation reserve?

  • @abishekravichandran9827

    @abishekravichandran9827

    2 күн бұрын

    ​@@CommerceSpecialistHi sir, in last example there is a downward revaluation so how there is a revaluation surplus exist..Becoz there is deficit is only counter sir.Please explain sir.

  • @alialmahri2385
    @alialmahri238511 ай бұрын

    Excellent

  • @CommerceSpecialist

    @CommerceSpecialist

    11 ай бұрын

    Thx dear👍🙏

  • @ankitacharya5307
    @ankitacharya53073 жыл бұрын

    Thank you sir

  • @elajahan244
    @elajahan2443 жыл бұрын

    Thank you sir

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    You are always welcome

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