Accounting for Infrastructure Assets

Financial Reporting and Accounting for Local Government Infrastructure Assets

Overview

This practical one-day workshop covers the key aspects of inter-relationships between the concepts of asset management and accounting.

It is important Asset Managers understand the legal and accounting requirement their data is used for. It is equally important accountants understand the types and reasons for the expenditure and how this should be accounted for correctly.

The workshop discusses reporting requirements and relationships between operational, maintenance and renewal strategies for infrastructure assets.


Objectives

  • Understand Asset Management requirements in financial reporting
  • Understand the principles of accounting as they relate to Asset Management
  • Understand the principles of Asset Management as they relate to accounting