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
