International Financial Reporting Standards are changing how Canadian companies account for long-lived tangible assets 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 meet the deadline for complying with these new standards.

Topics covered will include:

• Concepts and rules for Property, Plant, and Equipment
• 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

Date: April 18 2008
Time: 9 am - 4 pm
Location: The Mississauga Convention Centre (Boardroom)
75 Derry Road, Mississauga (Highway 10 and Derry Road)
Cost: $395 plus GST

Instructor Profile

Mike Morley is a Certified Public Accountant who holds the top credit designations in the U.S., Canada, and the U.K. An entertaining and informative speaker, Mike is a recognized authority in the field of finance.

Mike is the author of “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.

Tel: (416) 275-1278