FinPro Webinar – Assets and ED320 – 22 July 2022

July 26, 2022

FinPro ran a webinar on Friday 22 July 2022 to discuss Accounting for assets and also ED320 –

The webinar delved into the greater detail of the ED and was expertly presented by David Edgerton, Director, APV Valuers and Asset Management, and facilitated by Fiona Rae, FinPro Executive Member and Finance Manager, Golden Plains Shire Council.

The webinar covered:

Background to ED320

Key aspects and potential implications for Vic LGs

  • Restricted Land
  • Valuation assumptions
  • Replacement Cost (including obsolescence) and CRC
  • Depreciation Expense

What needs to be done –

  • Methodologies
  • Valuation outputs
  • Timeframes
  • Audit
  • Integration with Asset Management, and
  • Compliance strategies.

Thanks to David for taking the time to share his knowledge and expertise on this topic. to Fiona for facilitating the session, and to all who attended for your questions and engagement throughout the session.

A copy of the  presentation slides used by David is available here.

Watch the recording now: