Making Valuations Meaningful - Perth
Time & Location
About The Event
Despite years of trying to integrate Asset Accounting with Asset Management many local governments still struggle to integrate the two. Often the valuation process is seen as nothing more than a ‘financial compliance’ requirement and is undertaken totally independently of the asset management framework. Likewise, ‘Asset Management Plans’ are developed without taking into account the key data captured as part of the valuation process.
What results is inconsistent information which raises the concerns of auditors and ultimately results in inefficiencies and high costs.
The half-day workshop will provide detailed understanding of the relevant accounting standards including pragmatic explanation of the underlying concepts and requirements. The workshops will also cover emerging issues including clarifications flowing from the AASB special project for ‘Fair Value in the Public Sector’, It will also provide the chance for discussion on council specific issues.
It will also provide a detailed introduction of Asset Valuer Pro which is used by over 120 Australian local governments to produce their financial reporting and insurance valuations. It provides them with both asset accounting as well as a range of asset management outputs. These include mapping of assets by filter, 50-year renewals projections, detailed portfolio analysis of condition and value, detailed financial statement disclosures, auto-generation of the financial statement movements reconciliation and audit tools including changes asset portfolio values and conditions.
The workshop will be highly relevant for –
• Asset Accountants
• CFOs, Directors of Finance and Finance Managers
• Asset Managers and Engineers involved with asset valuation
• External Auditors
Registration is free but numbers are limited and will be allocated on the order of receipt of registrations. Workshops will include a light lunch and morning tea. Click here to download the event brochure.