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International Financial Reporting Standards for Fixed Assets - Property, Plant, and Equipment
This SOX compliance training will help you become acquainted with the latest information regarding IFRS and will include an opportunity to practice applying these standards.
Description
International Financial Reporting Standards are changing how companies account for long-lived tangible assets on their financial statements.
Accountants are expected to decide how to first record the acquisition of long-lived assets, assess the value at which they are presented on future financial statements, and work out the allocation of the cost of these assets over future reporting periods. In addition, IFRS allows periodic re-evaluation of long-lived assets under certain conditions, but with so many choices for assigning a value, just exactly how do you do it? This hands-on workshop will provide you with easy-to-follow guidelines that will ensure that you can meet the deadline for complying with these new standards.
Areas Covered in the seminar:
- Concepts and rules for Property, Plant, and Equipment.
- Revaluation methods under IFRS.
- Impairment of tangible long-lived assets.
- Capitalization of borrowing costs.
- Retirements and other disposals of long-lived assets.
- Nonmonetary (exchange) transactions.
- Disclosure requirements.
- Financial statement presentation.
Who Will Benefit:
- If you are an accounting professional you need to become familiar with exactly what these new standards consist of, and what these changes mean for companies.
- CPA. CMA, CFA, CIA
Instructor Profile:
Mike Morley, is a Certified Public Accountant and author of several books including “Sarbanes-Oxley Simplified.” A frequent consultant on SOX and IFRS projects, Mike is a recognized authority in the field of finance. An entertaining and informative speaker, Mike’s presentations help financial professionals stay on top of the latest developments in their field.
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