This is the third level and its builds on knowledge and skills introduced in FAR410 and FAR460. Students need to be reminded constantly that in this course they were built on what they have learnt in FAR410 and FAR460 and deals with more complex items. Students are introduced to non-current assets and the concept of subsequent measurement for property, plant and equipment, intangibles and investment properties. Students need to compare and contrast the differences between these categories of assets and their treatment including impairment on non-current assets. Students are also introduced to inventories, leases and deferred taxes.
