I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider

PART D: RECORDING TRANSACTIONS AND EVENTS 

 

132

 

 

 

 

 

 

BPP Tutor Toolkit Copy

---

 

 

133 

C H A P T E R 

 

 

TOPIC LIST 

SYLLABUS 

REFERENCE 

1  Non-current and current assets 

D4(a) 

2  Capital and revenue expenditure 

D4(b)–(d)

3 IAS 

16 

Property, plant and equipment

 

D4(i)

4 Depreciation 

accounting 

D5(a), D5(b)–(g)

5  Revaluation of non-current assets 

D4(g), D5(e)

6  Non-current asset disposals 

D4(e),(f),(h)

7  Disclosure in financial statements 

D4(i), F3(b)

8  The asset register 

D4(j)

9 Worked 

example 

D4(a)–(i), D5(a)–(g)

 

Tangible non-current 

assets

Non-current assets can be expensive items and so can have a big 

impact on a business's financial statements. It is therefore crucial that 

expenditure on non-current assets is accounted for correctly.  

In this chapter, we focus on tangible non-current assets, ie those with 

physical form.   

The main categories of tangible non-current assets are governed by IAS 

16 Property, plant and equipment, which is the main focus of this 

chapter.  

 

BPP Tutor Toolkit Copy

---