AIFMM (2015): Aligning Infrastructure with Financial Reporting

Do you know the:

New Australian Accounting Standards requirements?

Relationship between accounting and asset management information?

Financial sustainability indicator?

Use of accounting information for setting affordable, preferred financial strategies and service levels

 

Objectives

  • Learn of latest rulings of Australian Accounting Standards Board
  • Be given guidance on the structuring of asset registers to concurrently meet accounting and asset management information reporting needs
  • Explore strategies to achieve financially sustainable services from infrastructure
  • Receive and discuss key AIFMM 2015 content
  • To save you time – attend the workshop to learn what’s new.

Outcomes

  • Ensure consistency between accounting treatments and asset management practices
  • Enable asset registers to be appropriately structured to meet Australian Accounting Standards Board’s and auditors requirements
  • Read and present financial reports and information to readily assess performance and capability and determine appropriate future strategies
  • Understand accounting terminology and practices relevant to infrastructure intensive service delivery environment.

Who Should Attend

Finance and asset management staff responsible for management of asset registers and infrastructure accounting and reporting. (Entities will maximize benefits from attendance where both finance and asset management employees attend concurrently).

 
Presenters

  • John Comrie | JAC Pty Ltd


Supporting material

AIFMM

 

Title

Australian Infrastructure Financial Management Manual (AIFMM)


Published
2015

Price (ex GST)
AU$610 / copy

 


 

 

AIFMM Testimonial

The LGA SA provides considerable support to assist SA councils with sound asset management, financial planning
and accounting practices. In its guidance material, training courses, and the Model Financial Statements that
councils are required to follow, extensive reference is made to the AIFMM as the authoritative source of more detailed
relevant information on a wide range of specific issues. The LGA SA encourages councils to utilise the AIFMM, as it
has assisted both the LGA in our support programs, and SA councils in their financial and asset management
performance.
Mayor Dave Burgess, President LGA SA

We have found the advice contained in the AIFMM very relevant for a water authority. It has helped MidCoast Water to
refine its asset accounting treatments and improve its financial strategies to achieve long-term financial sustainability.
Darryl Hancock, Acting General Manager, MidCoast Water

 

   

More Information

For more information about this training, please contact us:

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