When it comes to managing assets, many local government organisations struggle to get the accountants and the engineers talking the same language.
This week, IPWEA held a roundtable on aligning asset and financial management, bringing the brightest minds in the business together to discuss pertinent issues such as useful life, strategic asset management plans, levels of service, assessing impairment of assets, and to answer the question: how can we get the engineers and accountants working together to achieve financial sustainability?
The roundtable discussion will be published in IPWEA's digital magazine inspire, which will hit inboxes April 10. The Roundtable was attended by:
- Peter Way, IPWEA (NAMS Council Chair)
- John Comrie, JAC Comrie
- John Howard, Infrastructure Asset Management Strategist
- Jeff Roorda, TechnologyOne
- Allen Mapstone, TechnologyOne
- Brian Smith, NAMS New Zealand Board Director
- Shelly Fogg, Manager Financial Services, Central Highlands Regional Council
We put a call out through Ask Your Mates for reader questions to the panel and were overwhelmed by the response. Thank you to everyone who contributed to the discussion.
Due to the volume of questions, the panel was unable to answer all of them. However, IPWEA will get in touch with everyone else who submitted a question.
And, don't forget the
Australian Infrastructure Financial Mangement Manual (AIFMM), that
provides the practical 'how to' tools for asset and financial management practitioners to report and manage infrastructure assets in a nationally consistent way, complying with Australian Accounting Standards.