Chapter Coverage:

Chapter 10:

LO1
PPE – what are they?
607 – top 608
LO2
What to capitalize – IAS 16, para. 17
608 – 611 (all)
LO3
Measurement of cost

IGNORE Deferred payment terms except understanding why use the present value when no interest loan

Lump sum purchase (BE10-6)

Non-Monetary exchanges

Government Grants
611 – 612 top

613 bottom – 614

614 bottom – 619 bottom

620 - 621
LO4
Specific types of PPE
621 – 624 top
LO5
Cost model – see Chapter 11
625
LO6
Revaluation Model
625 – 628 middle
LO7
Fair Value Model – OMIT
DO NOT READ 628 – 629
LO8
Costs incurred after acquisition
629 bottom – 634
LO9
OMIT
DO NOT READ 636 – 637
LO10
Appendix OMIT
Do NOT READ 640 – 646

Questions to Practice:

BE10-1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12, 13, 15, 17, 18

E10-1, 5, 6, 8, 11, 12, 13, 16, 17, 18, 19, 20, 21, 22, 23, 26, 27, 28

NOTE: all the ODD questions are part of your WileyPLUS Homework Assignment!

NOTE: Even questions - solutions available on Blackboard.

Chapter 11:

LO1
Concept
678 – 679
LO2
Factors
679 – 681
LO3
Depr. methods
681 – 682
LO4
Calculations
682 – 685 middle
LO5
OMIT - Depletion and Other Methods
READ: Other Depreciation Issues (Partial Periods and revision of Depr. Rates)
OMIT from 685 – 688 bottom

READ 689 - 692
LO6
Revision of Depreciation Rates
690 - 692 top
LO7
Impairment - READ: Rational Equity Impairment Model and Asset Groups and Cash Generating Units (CGU)

IGNORE Cost Recover Impairment Model
READ middle 692 - bottom 693, then 695 to 699 middle

OMIT from bottom 693 - top 695 AND Middle section of 698
LO8
Held for Sale and Derecognition
READ: 699
LO9
Derecognition
READ: 700 - 701
LO10
Presentation, Disclosure and Analysis

READ: 702 - 704
LO11
Analysis - IGNORE
OMIT ALL
LO12
Comparison IFRS and Private Entity GAAP - IGNORE
OMIT ALL
LO13
Depreciation and Income Tax - IGNORE
OMIT ALL

Questions to Practice:

BE11-1, 2, 3, 4, 7, 10, 11, 12 (ignore (a)), 13, 14

E11-1, 2, 3, 4, 5, 6 (a, b, c, only), 8, 9, 10, 14, 15, 17, 18, 19, 20 (b only), 22, 23, 24, 25, 26, 27

NOTE: all the ODD questions are part of your WileyPLUS Homework Assignment!

NOTE: Even questions - solutions available on Blackboard.

Chapter 12:

LO1
Characteristics
READ: 744 - 746
LO2