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

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.

If you would like Continuing Education Credit (e.g. CPE, CE, CPD, etc.) for this course, it is available if you take this course on the Illumeo dot com platform under course title: How IFRS Lets you Change the Value of Assets on the Balance Sheet. Illumeo is certified to provide CPE in over two dozen different professional certifications covering finance, accounting, treasury, internal audit, HR, and more. However, in order to receive CPE credit the courses must be taken on an ‘approved-by-the-governing-body’ CPE platform, and for over two dozen corporate professional certifications, that is the Illumeo platform. Go to Illumeo dot com to learn more.