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Course Level :Basic
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Credits :2
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
International Financial Reporting Standards are changing how companies account for long-lived tangible assets on their financial statements. Fixed assets can be classified basically in to two categories i.e. tangible & intangible, Under IFRS, IAS-16 –Property, Plant & Equipment deals with tangible fixed assets except the assets held for capital appreciation.
Fixed assets are subject to an unusually large amount of record-keeping, as well as very specific accounting treatment under the IFRS accounting framework. In addition, given the large expenditures involved in fixed assets and the complexity of the accounting, you can expect a high degree of auditor interest in this area. 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, you need to know the exact way of doing it.
This Accounting CPE webinar will outline the step-by-step procedure for implementation and examine the many factors that companies need to carefully consider when implementing International Financial Reporting Standards for Fixed Assets.
This online Accounting CPE webinar covers the following key topics:
The CPE course will also discuss examples that will help to develop and understand the process and requirements of accounting for Fixed Assets under IFRS.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Founder, Mike Morley
Mike Morley is a Certified Public Accountant and a recognized authority in the field of finance with more than 25 years experience in finance, including SOX and IFRS implementation.
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.
17 Ratings
JW
Nov 29th, 2021
This course was extremely helpful and a valuable learning experience.
CD
Jan 22nd, 2021
It is excellent to have a piece of comprehensive information in the webinar and handout material. With practical tips, it would be a shame to miss such a rich webinar experience. myCPE works for me. I recommend it.
JP
May 20th, 2021
well laid out presentation
TTT
Jan 22nd, 2022
As a presenter myself I understand how difficult it can be to be engaging so I am very careful when providing feedback. But this webinar far from met my expectations. Was looking for a refresher on fixed assets as my team is building a Fixed assets program - specifically was looking for a review of depreciation method calculations - when it got to that part the speaker said "so these are the depreciation methods - I know you are all familiar with them so we wont spend any time on this". I was so disappointed!
RC
Aug 24th, 2021
not targeted to specific aspect of IFRS regs, spent too much time on ancillary topics
2 Credits
Subject Area
Jul 05, 2022 | 09:00 AM EDT
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Jul 05, 2022 | 10:00 AM EDT
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