3.1 State the nature of property, plant and equipment under MFRS 116

• Define property, plant and equipment

• Identify the category of property, plant and equipment

3.2 Provide the discussion on the recognition and measurement of property, plant and equipment

• Identify the recognition criteria for initial and subsequent expenditures

• Discuss the initial measurement

• Explain the subsequent costs that may be capitalized and written off

• Explain the meaning of depreciation, depreciable amount, residual value and useful life

• Show the relevant accounting treatments to record the acquisition and depreciation

• Calculate the depreciation based on depreciation method

3.3 Provide the discussion on the de-recognition of property, plant and equipment under MFRS 13 and MFRS 116

• Explain the disposal, gain or loss on disposal and revaluation

• Calculate gain or loss on disposal.

• Show the relevant accounting treatments to record the disposal

3.4 Show the presentation of PPE in Financial Statement