Properties - Accounting and Audit Issues (ROI)

The aim of this course is to consider in detail the problems associated with the accounting and audit of properties.

Content

Accounting issues

• Investment properties:
• Definition, measurement, transfers, disclosures, mixed use
• Impact on reserves
• Including changes following the Triennial Amendments
• Properties within property, plant and equipment:
• Capital and revenue expenditure, major inspections, cost or revaluation policy
• Transfers between current and fixed assets
• Provisions – including the treatment of dilapidations
• Deferred tax:
• Making provisions, reversing provisions, impact on revaluation reserve
• Sale and repurchase agreements
• Leasing:
• UK GAAP including lease incentives
• IFRS 16 Leasing – the impact of capitalisation of operating leases on the financial statements and ratio analysis

Audit issues

• Key risk areas, including title, valuations, relying on experts, going concern, revenue recognition, provisions and laws and regulations

(ROI) courses are for sale to accountants in the Republic of Ireland.  The on-demand courses are also available as part of the ROI Box Set – click here for details.