Moore – Maritime Assets held for sale

Who should attend: Accountants and shipping accountants, controllers and finance directors, who work within the maritime sector.

Objectives and benefits: The masterclass aims to refresh the main IFRS concepts relevant to this subject and to take the participant through a thorough example that covers the full implementation of these concepts. US GAAP differences are also covered as commentary.

Highlights

• Recap the basic technical elements of IFRS 5:
  • Criteria for an asset to be classified as held for sale.
  • Μeasurement upon the classification of an asset as held for sale.
  • Recording of an impairment loss.
  • Reversal of an impairment loss.
  • Presentation of held for sale classification.
• Go through a practical example in detail, that outlines the following scenario:
  • Determination of whether an asset should be classified as held for sale.
  • Measurement of an asset held for sale.
  • Presentation of an asset held for sale and its associated liabilities.
• Discuss the differences between IFRS and US GAAP in this area.

Legislation & References: Industry practices

DISCLAIMER: The course is provided on an “as is” basis. Before you purchase any of our courses, it is exclusively your responsibility to check if it complies with the flag administration/approval body you require or you want to submit it to. Furthermore, you should check if the course is accepted by your employer or flag administration as your employer or flag administration may have specific requirements.