IAS 16 - PROPERTY, PLANT AND EQUIPMENT (PART 1)

This video explains the scope of IAS 16, the cost model as well as a practical illustration of the cost model.

[@FOGAccountancyTutorials]

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[@adegboyegahamidchukwebuka2509]

Thank you....please can you help explain something about IAS 40 investment property

[@eveh4699]

is that how the PPE questions always comes those requiring calculations?

[@omolaraeny]

Your videos are topnotch. Very interesting and always understandable

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you're best in your carrier. you made the difficult simple. thank you sir 🙏

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Thanks

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I Never failed any accounting related module but I never attended lectures.. do I need a lecturer when there is Fog?

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No😂

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You’ve been a blessing to me in this accounting journey, Sir
Please we need a video on IAS 1

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Thank you FOG Accountant Tutorials.
I have missed out this lectures in class due to a short illness but you've just recovered my missing time.
Thank you Team. I am impressed!

[@atolomartha2117]

Wowww, sir i love the way you break down everything to simplicity,it really eases everything to an ordinary learner. thanks 🙏 sir.we appreciate your hardwork.

[@rengensimonpeter5563]

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Important to remember is that I'm too obsessed with u to the point that I nolonger understand other Lecturers.
I declare u my best World class Lecturer.
Kindly handle for me INVENTORIES.
I swear I will highly appreciate

[@mulengadanny1135]

Same here 😂

[@marynassuuna7474]

Why did it take me long to find this! Have been struggling to understand PPE. Thanks so much for the lecture, now i have a better understanding. Keep up the good work..i'm now going to part 2.

[@terjofficial4864]

Much appreciation from Kenya... Someone recommended and I have really understood

[@moriamoraimi2232]

So clearly explained. Thank you sir for this fantastic job done!

[@economistdennismwanikimuki877]

Highly appreciate your knowledge. You are a great teacher.

[@FILOarts]

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[@natashamumba7286]

Wow thank you so much this is the best explanation I have come across it's perfectly loud and clear 😊😊

[@shyletshumba49]

Where have you been all my life ,thank again

[@olanrewajuyusuf2283]

Happy Teacher's Day sir. May the Lord continue bless you with more wisdom

[@mandyq8578]

Very good explanations. Well done 👍🏻

[@hadiqaahsan4577]

BUNDLE OF THANKS SIR, VERY WELL EXPLAINED !!!

[@bashorunbunmi6807]

Wow. Well explained and detailed. Thanks sir

[@gladyschishimba4422]

Thank you sir , am from Zambia and you are making my accounting easy

[@hafsatnaabba8861]

Thank you, the lecture is clear and interesting. God bless you.

[@solomonoteng9841]

you are genius sir. You've made it simple for me
Thank you soo much

[@regularbloke7410]

i am impressed by your teaching !

[@flygee645]

Always on point, salute 💯

[@mscalabar6404]

Im blessed to be here. i really appreciate Sir.

[@mercytarusarira4794]

Yu know i love yu, I love you tutorials, thanks a lot yu have helped to understand my modules

[@ChidinmaMonday-mk3pf]

❤
Love ur teachings.

[@seyigasharif5142]

Great presentation @fog.
Allow me clarify:
IAS 40- Investment Property specifically deals with property that an entity holds to earn rentals and/or for capital appreciation. Two points to note:
1. The property is immovable property, usually land or buildings.
2. The primary business operations are not about renting out property. In which case a real estate company that primarily deals in buying or building for rental income will record their buildings or land as PPE under IAS 16.
Finally under IAS 40, investment property is not depreciable. Going by that understanding, a truck bought for rental income falls under PPE.
Thank you.

[@felixamoakoblay6198]

😂😅

[@bbadekoya6033]

Amazing lecture. Thanks so much 🙏

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Good explanation... Let's work and help our people

[@tevinomondi4515]

Great analysis and presentation sir, thank you.

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this clearly opened my head

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Wow so clear and understandable. I now understand this whole thing

[@eveh4699]

God really Blessed you with this lecturing Gift,You are the best

[@bigdreammusik2947]

Well understood sir. Thanks

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This is amazing, really appreciate your work sir

[@She-Analyst]

Please can you explain IAS 32, IFRS 9 and IFRS 7

[@lungelozain3100]

Hi Sir I Absolutely love your content. Can you please make videos for Financial Instruments And IAS2 Inventories videos please. Thank you with kind regards

[@arhyelmbaya454]

great job, thank you sir

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We at IPAM appreciate you sir.

[@tolulopesomoye3455]

Thank you so much for these lectures.Pls can you do lectures on financial instrument,presentation and leasing.

[@simonkwemoi6651]

My favourite lec ✊

[@harriettembo8361]

youre really good watching you from zambia ,please you should do group financial statements

[@bestinaagyemang915]

Thank you Sir…God bless you

[@udekwesiliakwuobi8923]

Thank you for all your lectures

[@chelseatibanye5914]

this was very helpful. Thank you

[@Meowz_cats]

a lot of respect for you sir

[@millicentakonnor5977]

Thanks so much Sir. Please can you do a video on accruals and prepayment for us.

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Your teaching is excellent

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I can finally understand,, thank you

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[@martinchiwaranangatidza2039]

He is good

[@keamoletsie6397]

Well explained!

[@dinahkotey5943]

The video is very accurate

[@patriciadwamena2199]

Great job

[@danieltettehdonkor4547]

Good work Bro

[@marynyarko4237]

Thanks very much sir but I want to ask on the component of cost the third point ....can legal fees be accounted as cost directly related to the asset and also painting of an office can it be cost directly attributed

[@samsonbonga4284]

you are the best FOG

[@user-rs3ch1yv7j]

Thank you you sir I appreciate your work

[@badmusoluwadamilola1136]

This is more understandable, thanks so much.

[@FOGAccountancyTutorials]

Welcome

[@maimisa]

Great ! Thanks.

[@Bonita2962]

GOD BLESS YOU SIR,,

[@johannesmotaumohatle9118]

thnks for such great knowledge

[@cathrinemwangemi12]

Thank you so much sir.

[@jongamazizimonanabela8485]

wow thank you sir, this was very clear than I expected

[@simphiwemhlongo5379]

Thank you so much sir

[@abrahamlincolntettey8723]

Good work , I love u

[@PatriciaAwuku-os1qn]

Please If there are any costs incurred during break period, how should it be treated

[@evebanda2719]

You are a good Lecture

[@felixamoakoblay6198]

Difficulty made easy 🎉❤

[@ayomidebukola9474]

Good day sir. The dismantling cost, isn’t it supposed to be in present value? I mean, are we not supposed to discount it? Since it is an estimated future cost.

[@bigboynaison6942]

Your videos are really helpful. Can you do me a video on Cost of EQUITY topic and IAS 32

[@delphinequarshie5905]

Thank you very much

[@mathewkorir4088]

Good work

[@entertainmenttv3558]

Please do a video on (Gross Value Added GV), Net Value Added {NVA] and its applications, thank you!

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Thanks very much

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Thank u pal....

[@elvisonyango527]

Thank u sir

[@raphaelmutinda8214]

from kenya..grateful

[@boitumelotshego8229]

Thank you so much sir ❤

[@maryannbuabeng2781]

Sir please can you do a video on risk and return financial management and also continuation of consolidation mixed groups

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[@FOGAccountancyTutorials]

Welcome 🙏🏽

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thank you sir

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The Best

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thank you

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[@user-cu4gw2ej3e]

where did you go? please come back

[@abdulmojeedabdulmalik1024]

God bless you sir

[@kwameklaus7326]

God bless you🙏🏽

[@alicematekenya920]

Is there a tutorial for IFRS 16 lease?? I can find one on FOG accountancy

[@elinamaoliver9864]

can you please make a video on FIFO, LIFO.

[@arnoldtetteh6585]

Senior God bless you okay.

[@solutiontv2284]

👌

[@emilenseibangha7478]

Please, @FOGAccountancyTutorials, why have we not calculated the present value of the dismantling costs?

[@awinicarlos3229]

Awini Carlos Aamusted Campus Kumasi, Acc L300, am very impressed for your delivery, god bless you. but i want to know if the question is silent about about whether the depreciation is a full year or one month ownership, can one use full year depreciation?

[@FOGAccountancyTutorials]

Use one month ownership. That’s the default method

[@AdemolaIlo]

please do performance management

[@ernestamoah4930]

do we include training of personnels to cost of an asset

[@lydiagyamfi9264]

And please can u make a video on all the standards

[@uchedaniel9748]

Please do video on IFRS16 Accounting for Lease.

[@CatherineMwale-ll4uc]

Learning from Zambia

[@HelenaAbuaku]

Sir please if you could do a video on IAS 15 I'll be much grateful