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
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
6 ай бұрын
Ur most welcome Maryam🙏👍
so far is only yours i fully get the understanding of these IAS Thanks so much
Thank you sir, this video make the picture clear for IAS16 and Depreciation
Thank you sir, it was really helpful. Understood everything
Thanks for explaining this concept so well! I am so glad I came across your lecture videos! ❤
@CommerceSpecialist
Жыл бұрын
You are welcome dear Karen
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
11 ай бұрын
You are most welcome dear😊🙏👍
Explained efficiently ❤
@CommerceSpecialist
4 күн бұрын
@@farhanali9956 thx dear👍
Thank you very much sir it was very useful will be eagerly waiting for new videos related to ACCA ❤
Thank you, sir, the video was really helpful
Really a specialist 👏
brilliantly explained thank you so much sir.
@CommerceSpecialist
Ай бұрын
Ur welcome dear👍🙏
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
22 күн бұрын
Good Luck dear
Nice explanation.. Thank you
Thank you very much sir it was wonderful 👌🏻
thanks for the video very informative
Thank you very well explained.
Thank you Sir, sincerely appreciated for all your tutorials. You have done justice to ACCA 7.🙏
@CommerceSpecialist
10 ай бұрын
Thanks a lot for ur appreciation👍🙏
Al ways supportive and fruit full explanation. Thanks for your kind effort
@CommerceSpecialist
Ай бұрын
Ur welcome dear🙏👍
Great presentation
@CommerceSpecialist
Ай бұрын
Thanks
Its too good to know about IAS 16.
@CommerceSpecialist
4 жыл бұрын
Thanks dear
May God bless you for this.. I fully understand. Thank you sooo much
@CommerceSpecialist
4 ай бұрын
Ur welcome dear👍🙏
Excellent presentation Sir. Thank you very much.
@CommerceSpecialist
Жыл бұрын
Thanks dear
Excellent presentation Sir. Thank you very much.❤
@CommerceSpecialist
Жыл бұрын
You are wekcome Majid
Well understood.
great explanation and very comfortable to follow you :) !!
@CommerceSpecialist
Жыл бұрын
Thx Nico
Understood in an easy manner..thank you sir 🙂
@CommerceSpecialist
2 жыл бұрын
🙏
Very good lecture
Sir you are geniou❤
Very well explained, thank you so much sir. May Allah bless you.
@CommerceSpecialist
2 жыл бұрын
Dear Samia Thx a lot, this is what keeps me going.
Excellent
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 .
Clearly understanding . thank You sir
@CommerceSpecialist
4 ай бұрын
Ur welcome👍
This is very well explained Thank you
@CommerceSpecialist
4 ай бұрын
Thanks dear
Awesome class and well explained Worth to professionals. Expecting soon your tutorials in cost accounting 👍🏻👍🏻
@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
Жыл бұрын
@@CommerceSpecialist 💓💓💓
Thank you so much sir this is way too helpful to my IAS 16 study
@CommerceSpecialist
Жыл бұрын
Ur welcome dear
I read this topic this morning adding with your teaching it became more interesting. Thank you sir.❤🇳🇬
@CommerceSpecialist
2 ай бұрын
Ur welcome dear🙏👍😊
@JohnBassey
2 ай бұрын
@@CommerceSpecialist 🙏
Watched twice thank you again. Make more video sir
@CommerceSpecialist
3 жыл бұрын
Sure dear
very well understood ..thank you sir
@CommerceSpecialist
11 ай бұрын
Ur welcome dear👍🙏
thank you so much sir, I have understood everything
@CommerceSpecialist
2 жыл бұрын
You are always welcome dear. Regards
Thank you for this excellent and insightful teaching
@CommerceSpecialist
11 ай бұрын
👍❤️🙏🙏
I am new and i am definitely subscribing to your channel. Thank you Sir
@CommerceSpecialist
5 ай бұрын
Ur welcome dear😊👍🙏
Outstanding presentation ❤🎉
@CommerceSpecialist
Жыл бұрын
🙏👍
Thank you Sir
Thank you very much. This was very helpful. Can you please do a video on Earnings per share
thank you for your lecture, sir
@CommerceSpecialist
Жыл бұрын
Thanks jinay
Thanku sir
Sir, you've explained it very well ❤️.... Could you do a few more videos on this topic?
@CommerceSpecialist
3 жыл бұрын
Thanks, sure just let me know ur exact requirements.
Dear Sir, Please be requested to explain depreciation and Revaluation with some practical corporates examples. Thankz
why did excess deprecation transfer to retain earning (30,000)
Thank you sir, this video is very useful
@CommerceSpecialist
Жыл бұрын
Thx
Perfectly explained
@CommerceSpecialist
3 жыл бұрын
Thanks dear
Crystal clear, thank you so much ☺️
@CommerceSpecialist
Жыл бұрын
You're welcome dear🙏👍
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
Thank so much Sir.
@CommerceSpecialist
2 ай бұрын
Ur welcome
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
3 жыл бұрын
Sure
thank you so much
Excellent explanation
@CommerceSpecialist
3 жыл бұрын
Thanks a lot
amazing
@CommerceSpecialist
Ай бұрын
Thx
Thank you so much Sir❤
@CommerceSpecialist
8 ай бұрын
Ur welcome Amna😊🙏👍
best teacher. jzakallah
@CommerceSpecialist
Жыл бұрын
Thanks Mr. Akram
At least someone has explained it clearly
@CommerceSpecialist
Жыл бұрын
🤣🙏👍
Well explained.
@CommerceSpecialist
Жыл бұрын
Thx dear😊👍
Good one
@CommerceSpecialist
4 жыл бұрын
Thanks
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?
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
11 ай бұрын
Sure dear🙏😊👍
👌
May god bless you
@CommerceSpecialist
Жыл бұрын
Thx dear
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.
Sir, I have 1 question which is that why at the time of Initial Recognition the asset is recorded at cost value...??
@CommerceSpecialist
Жыл бұрын
This is as per Cost Principle, All NCA are initially recoreded at their cost.
Thank you! But quick qn. why did we credit motorvehicle and not depreciation at 19:04 ?
@CommerceSpecialist
3 жыл бұрын
Because previous accumulated depreciation is already cancelled whn revaluation is done.
How will we account for impairment on revalued assets? Is it the same as downward revaluation?
@CommerceSpecialist
8 ай бұрын
Impairment is an expense
Where revaluation expenses will be recorded, if any, in p& L or.
@CommerceSpecialist
Жыл бұрын
Charged to P/L
Plz upload IAS 36 in details as well. Thanks
sir can do video on IFRS 16 leases. this vedio is so good. i am CA student
@CommerceSpecialist
3 жыл бұрын
Sure why not
Please prepare and share a video for DipIFRS.
@CommerceSpecialist
4 ай бұрын
The course details??
@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.
Can you please upload all the IAS?
@CommerceSpecialist
3 ай бұрын
Most of the IASs already uploaded, others coming soon
Is this all about IAS 16 or is there something else included in such standard? Thank you Actually I am preparing for DipIFRs?
@CommerceSpecialist
10 ай бұрын
I recommend you read the standard comprehensively dear
@aliimran7620
9 ай бұрын
@@CommerceSpecialist yes,I am doing so
please make avideo on borrowing costs
@CommerceSpecialist
Жыл бұрын
Sure dear
sir i need a help for FR i need the order of ur videos for learning plz kindly respond to this sir...
@CommerceSpecialist
22 күн бұрын
Yes dear
@SujiKotari
21 күн бұрын
@@CommerceSpecialist plz share the link sir i need every video related to FR sir plz...
Also explain cost model please
@CommerceSpecialist
11 ай бұрын
Sure
regulatory framework per video bna dain
@CommerceSpecialist
Жыл бұрын
ACCA OR CMA??
Sir please upload videos on Ind AS 38, 36, 2 and 23
@CommerceSpecialist
Жыл бұрын
Sure
Sir please upload video on US Cma scholarships program
@CommerceSpecialist
3 жыл бұрын
Some other videos are in queue now, but will make this one as well.
@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
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
Ias 12
Sir please also upload IFRS
@CommerceSpecialist
3 жыл бұрын
Which IFRS??
@farheenbano1495
3 жыл бұрын
@@CommerceSpecialist all IFRS one by one
@CommerceSpecialist
3 жыл бұрын
@@farheenbano1495 sure, in the meantime watch my videos on IAS 16 & 7
@farheenbano1495
3 жыл бұрын
@@CommerceSpecialist i have watched both , both were great easy n understandable
What is revaluation surplus? Why P&L debit amount of 20k where did you get this amount can you please little in detail.
@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
Жыл бұрын
What is revaluation reserve?
@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.
Excellent
@CommerceSpecialist
11 ай бұрын
Thx dear👍🙏
Thank you sir
Thank you sir
@CommerceSpecialist
3 жыл бұрын
You are always welcome