How IFRS Lets you Change the Value of Assets on the Balance
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How IFRS Lets you Change the Value of Assets on the Balance

This course provides guidelines to compliance with new IFRS standards on long-lived tangible assets.
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0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
0 students enrolled
Last updated 8/2017
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Includes:
  • 3 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Define how to first record the acquisition of long-lived assets on the balance sheet
  • Identify the main concepts and rules for property, plant, and equipment revaluation methods under IFRS
  • Define the rules for the capitalization of borrowing costs
  • Recognize how to handle non-monetary (exchange) transactions
  • Define disclosure requirements for the financial statement presentation
View Curriculum
Requirements
  • Prerequisite: Exposure to IFRS accounting
  • Advanced Preparation: None
Description

International Financial Reporting Standards (IFRS) have changed how companies account for long-lived tangible assets (PPE) 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 comply with these new standards.

Who is the target audience?
  • Anyone interested in accounting, finance, or related fields.
Compare to Other IFRS Courses
Curriculum For This Course
9 Lectures
03:06:34
+
Introduction
7 Lectures 03:06:32


Fair Value and Fixed Assets
30:47

Long Lived Assets
13:23

Depreciation vs. Revaluation
11:48

Accounting for Impairment and Course Conclsuion
17:32

Continuous Play
01:33:15
+
Supporting Materials
2 Lectures 00:02
Slides: Asset Valuation IFRS
00:01

Asset Valuation IFRS Glossary Index
00:01
+
Review and Test
0 Lectures 00:00

Review Questions: How IFRS Lets you Change the Value of Assets on the Balance Sheet

Review Questions
5 questions

FINAL EXAM: How IFRS Lets you Change the Value of Assets on the Balance Sheet

FINAL EXAM
8 questions
About the Instructor
Illumeo Learning
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1,367 Students
242 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Michael Morley (Illumeo)
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1 Course

President, Mike Morley Consulting; Trainer, Speaker, Author with IFRS, Sarbanes-Oxley expertise

 

Experience

President, Trainer, Speaker, Author : Mike Morley - [2001-03 to Current]
TRAINER/ SPEAKER
Training programs for finance professionals on a variety of business topics, such as IFRS, SOX, internal controls, fraud prevention, and financial statement analysis
Keynote speaker on the topics of credit, international trade, and corporate fraud
Frequent guest on radio and television, recognized authority on business credit

CONSULTANT
IFRS planning and transition management
Sarbanes-Oxley/Bill 198 internal controls

AUTHOR of several books, including:
"IFRS Simplified” a synopsis of the new International Financial Reporting Standards
“Sarbanes-Oxley Simplified” an explanation of the U.S. legislation that makes CEO's & CFO's legally responsible for the accuracy of their company's financial statements
“Financial Statement Analysis Simplified” makes understanding financial statements easy for anyone who needs to make well-informed financial decisions quickly.

Education

Bachelor, Finance : University of Ottawa - [1995 to 1999]