Asset Revaluation or Impairment: Understanding Release 12 Fixed Assets Options
Date: Tuesday, December 16, 2014
Time: 1:00 pm – 2:00 pm Eastern
Changes in financial reporting requirements have transformed the fixed asset accounting framework. International Financial Reporting Standards (IFRS) require fixed assets to be recorded at cost, but there are two accounting models – the cost model and the revaluation model. So what’s the difference, and when should you use each? This session featuring Brian Lewis, Corporate Controller at eprentise, will address fixed asset accounting and reporting under both models and how each is accounted for in Release 12.
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Learning Objectives: After completion of this program you will be able to:
Objective 1: Identify how cost and revaluation model assets are adjusted during an acquisition or divestiture.
Objective 2: Understand how IFRS requirements compare to GAAP requirements after an acquisition.
Objective 3: Understand what must be done to assets after an acquisition and how to accomplish it.
6052 Turkey Lake Road, Suite 202
Orlando, FL 32819
CPE Programs Administrator – Brian Lewis
Recommended CPE 1 hr (based on a 50 minute hour)
Specialized Knowledge & Applications (Technical Business)Program Level:2 – 3 Years (Intermediate)Prerequisites:General understanding of Oracle E-Business Suite Financials ModulePreparation:No advance preparation required.Delivery Method:Group-InternetCost:FreeSpeaker:
Brian Lewis, Corporate Controller, eprentiseContact Information: