Introduction to Fixed Assets

• Current Developments in Fixed Assets
• Importance of Fixed Assets Management
• The Role of Engineers, Accountants, Maintenance Personnel, and Project Managers in Fixed Assets

Concepts, Rules and Examples

• Definition of Fixed Assets
• Initial Measurement of Fixed Assets
• Costs Incurred Subsequent to Purchase
• Construction of Tangible Assets for Internal Use
• Capitalization of Interest Costs
• Asset Retirement Obligations
• Recording Annual Accretion

Depreciation Management

• Concept of Component Depreciation
• Partial-Year Depreciation
• Straight Line Depreciation Method
• Depreciation Method Based on Actual Physical Usage - Units of Production
• Accelerated Depreciation Methods
• Depreciation Computations
• Recording Annual Depreciation
• Depletion of Natural Resources

Fair Value Measurement

• Recent Update on Fair Value
• The Three Level Hierarchy for Fair Value Inputs and Assumptions
• Fixed Assets at Fair Value under IFRS
• Investment Property under IFRS

Impairment of Fixed Assets

• Impairment Measurement and Accounting
• Reporting Impairment Loss
• Impairment Indicators and Computation According to IFRS and GAAP
• Treating Reversal of Impairment Loss

Accounting, Reporting and Disclosures

• Non-Monetary Transactions
• Long-Lived Assets to be Disposed of by Sale, and Other than by Sale
• Reporting Assets held for Sale
• Long-Lived Assets Temporarily Idled
• Consideration of Leasehold Improvements
• Fixed Assets Notes in Annual Reports

Accounting for Intangible Assets

• Initial Measurement and Recognition
• Valuation Options under IFRS and GAAP
• Subsequent Expenditures on Intangibles