In this IFRS Fixed Assets training understand how to assess the value of long lived assets and how to do periodic re-evaluation as per the International Financial Reporting Standards.
Why Should You Attend:
When International Financial Reporting Standards (IFRS) come into effect January 1, 2015, public companies will have to change how they account for long-lived tangible assets on their financial statements.
Companies and accountants will be expected 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 IFRS webinar will provide you with easy-to-follow guidelines that will ensure that you can meet the deadline for complying with these new standards.
Why Should You Attend:
- Brief IFRS overview.
- 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.
- Financial statement presentation.
- Questions & Answers.
Who Will Benefit:
The following individuals or disciplines will benefit from attending this Webinar:
- Senior executives of Publicly Accountable Enterprises
- Finance, Accounting Unit Vice Presidents, Directors and Managers
- Business and Operations Unit Vice Presidents, Directors and Managers
- Internal auditors
- Regulatory and Compliance Management
- Consultants
- External Auditors
Instructor Profile:
Mike Morley, is a Certified Public Accountant who holds the top credit designations in the U.S., Canada, and the U.K. Mike is a recognized authority in the field of finance with more than 25 years experience.
An entertaining and informative speaker and trainer, Mike is the author of:
- “IFRS Simplified”, which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
- “Sarbanes-Oxley Simplified,” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
- “Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
