Asset Update: Valuation & Asset Management

About

While the accounting and engineering professions have tried to better integrate asset accounting and asset management, there remains inconsistency across the sector. Even the Auditors-General in different jurisdictions have expressed significantly divergent views about the same issues. 

To address inconsistencies and non-compliance, the AASB undertook a special project for fair value in the public sector between 2016 and 2022 which culminated in a major update to AASB13 Fair Value Measurement in December 2022 (AASB2022-10). The changes flowing for the clarifications and new Australian guidance included in the AASB13 update has significant implications for councils.
This half-day workshop is designed to update and align both finance and asset management regarding the changes and to provide practical examples of how the proper application of the requirements can be easily applied to deliver both financial reporting and strategic asset management outcomes.

Objectives covered include:
Understand strategic asset management and reporting
Clarity around the asset management framework 
Ability to apply course content to council assets and budget

Key Content

Strategic Asset Management for Beginners
Financial Reporting and accounting standards update
New Strategic Asset Management Framework (SAMF): Public Sector
Review of the Current Status Workshop
Strategic Asset Management Case Study
Maturity Analysis

Benefits for Delegate

Participates will leave his workshop with a knowledge of the updated asset valuation and guides, with clarity on the recent update.

Benefits for Council

Council can expect to experience consistency with their Asset Valuations in line with the guidelines to better manage asset depreciation.

Who Should Attend?

This course is open to anyone working in the local government sector and will be of particular interest to:

  • Asset Managers
  • Finance Professionals
  • Integrated Planners

 

Course Dates

No content found

No content found

 Enquiries:  Kim Gad
 Phone:  02 8297 1202
 Email:  [email protected]
   

 

 Commences April 2024

   10.00 am to 2.30 pm

 See Course Dates tab below, to register

 Member: $350

 Non-Member: $450

 

Explore | Grow | Connect

More than just your leading professional support association.

Learn more about us