Fixed Assets and Construction in Progress restatement from RAS into IFRS. Production Companies experience.
Key issues of webinar:
- Historical value and fixed assets recognition criteria;
- Interest capitalization – approaches in the Russian Accounting Standards and IFRS;
- Depreciation and component accounting;
- Recognition and assessment of provision in respect of land recultivation and reclamation; environmental restoration and capital expenditures;
- Impairment testing;
- Fixed assets revaluation model;
- Reclassification into long-term assets held for sale and investment property;
- Main errors in course of restating.
The magazine "IFRS in practice"
Natalia Belyaeva, FCCA, Manager, audit department, certified auditor, Mazars