Tangible and intangible assets and impairment
  • Company accounts under French GAAP - Know how to prepare company accounts in French GAAP.
  • Financial statements and notes - Know the balance sheet, the income statement, the cash flow statement, the statement of changes in shareholders' equity, the OIC, the notes.
  • IFRS standards - International Financial Reporting Standards

Target audience

- Accounting managers
- Chartered Accountants, Statutory Auditors
- Consolidation and Accounting Directors
- Consolidation managers
- Financial managers
- Management controllers

1 day

Prerequisites

This training does not require any particular prerequisite.

Objectives

– Understand the specific accounting treatment of tangible and intangible assets under IFRS and French GAAP
– Master the operational issues of converging statutory and consolidated accounts in order to be able to make relevant choices

Detailed content

> Recognition of tangible and intangible assets (IAS 16 and IAS 38)

– Component-based approach and residual value
– Intangible assets and business combination
– Treatment of goodwill, brands and other intangible assets with indefinite useful life
– Research and development expenses: Opex or Capex?
– Particular cases: leases and services arrangements (reminders on IFRS 16)

> Measurement of tangible and intangible assets (IAS 16 and IAS 38)

– Specific treatments
• Capitalization of borrowing costs (IAS 23)
• Government grants (IAS 20)
• Transfers of assets from customers (IFRS 15)
– Revaluation model

> Applying both IFRS and French GAAP (French regulation ANC 2015-06)

– Challenges of convergence
– Tax requirements and necessary decisions (Taxable income and CET – French territorial tax)

> Definition of investment property under IFRS

– Two valuation models according to IAS 40
– Treatment of transfers to or from investment property

> Monitoring fixed assets over time

– Subsequent expenditures
– Re-estimating residual value and amortization method

> Impairment according to IAS 36

– Principles and practical application
– Goodwill impairment: performing the annual test

> Assets held for sale (IFRS 5)

Why should you attend?

Fixed assets are a crucial matter than can appear falsely familiar to financial managers. It is really a highly technical area. Recognition, follow-up over time and impairment test require advanced skills.
In addition, ensuring compliance with both IFRS and French GAAP contributes to being more efficient. This training enables you to acquire or to refresh the required techniques.

Training methods and assessment

For each theme, principles and detailed technical presentation, realistic and concrete case studies and real-life illustrations.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail to answer any follow-up questions participants may have.

Price

1 020 € Excl. VAT – 1 224 € Incl. VAT

Médias

35-Penseur_de_Rodin[1]

Témoignages

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Jonathan C.
Entreprise
Formation