When International Financial Reporting Standards (IFRS) come into effect January 1, 2015, public companies will have to change how they account for long-lived tangible assets on their financial statements.
Online PR News – 08-January-2011 – – Companies and accountants will be expected 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?
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Event Organizer: ComplianceOnline
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