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.
Review Questions: How IFRS Lets you Change the Value of Assets on the Balance Sheet
FINAL EXAM: How IFRS Lets you Change the Value of Assets on the Balance Sheet
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.
President, Mike Morley Consulting; Trainer, Speaker, Author with IFRS, Sarbanes-Oxley expertise
President, Trainer, Speaker, Author : Mike Morley - [2001-03 to Current]
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
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.
Bachelor, Finance : University of Ottawa - [1995 to 1999]