CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

IFRS Fixed Assets (Property, Plant & Equipment)

  • CPA/ABV
  • CPA (CA)
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • QIAL
IFRS Fixed Assets (Property, Plant & Equipment)

2 Credits

$20

Subject Area

Accounting

Webinar Qualifies For

2 CPE credit of Accounting for all CPAs

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 CPD credit (Verifiable) for Canadian CPAs

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 CPE credit for Internal Audit Practitioner (IAP)

2 CPD credit (Verifiable) for CPA/ABV

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

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 asset 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 CPE Webinar covers following Key Topics:

  • Concepts and rules for Property, Plant, and Equipment
  • Choices of 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.

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. 

Learning Objectives

  • To recognize how to first record the acquisition of long-lived assets
  • To assess the value at which long-lived assets are presented on future financial statements
  • To identify how to work out the allocation of the cost of fixed assets over future reporting periods.
  • To write the appropriate Notes
  • To recognize the unique disclosure and presentation requirements of IFRS for Fixed Assets

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Auditors
  • Certified Management Accountant
  • Certified Valuation Analysts
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

3.7

(7)
14%
57%
14%
14%
0%

CD

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.

ED

The webinar was a good one. Enjoyed the experience. Michael was very thorough and the presentation pace was apt for understanding the topics covered. Overall, recommended.

JP

well laid out presentation

RC

not targeted to specific aspect of IFRS regs, spent too much time on ancillary topics