Accounting for Capital Assets

By Tim Duhamel, Stephanie Porter

Quality accounting for capital assets is critical for municipalities to meet asset management planning requirements. Learn methods of accounting for projects in progress, amortization, and contributed assets.

Register Today!

In Alberta (GFOA)

Outside Alberta

Course Content

Capital assets in the context of municipal service – learn how they serve the community and are linked to every-day service
Basics of asset management – essential for the finance officer
Tangible capital assets overview – definitions and accounting will be covered
Understanding work in progress accounting – a full understanding of the accounting and tracking process for capital assets is essential for accountability and project planning
Implications of policy choices
Accounting for contributed assets – including valuation and timing of recognition of contributed assets

Course Content
1. Capital assets in the context of municipal service – learn how they serve the community and are linked to every-day service
2. Basics of asset management – essential for the finance officer
3. Tangible capital assets overview – definitions and accounting will be covered
4. Understanding work in progress accounting – a full understanding of the accounting and tracking process for capital assets is essential for accountability and project planning
5. Implications of policy choices
6. Accounting for contributed assets – including valuation and timing of recognition of contributed assets

Course Info

Price:$175.00

PD Credits: 1.5

Category: Reporting

Updated: Jul 8, 2020

Duration: 1:38:01

Course Synopsis

Accounting for Capital Assets

About the Author

Tim Duhamel is the founder and President of Bloom Centre of

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About the Author

Stephanie Porter is a Chartered Professional Accountant (CPA, CA) and

Read More/Less

About the Author

Tim Duhamel is the founder and President of Bloom Centre of Municipal Education.
He is a municipal veteran whose career has spanned over 21 years.
His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.

Stephanie Porter is a Chartered Professional Accountant (CPA, CA) and external auditor with Metrix Group LLP.
She has a passion for education and is a course developer and instructor for the University of Alberta in addition to her work at Bloom.
She is the lead Associate of curriculum development and instruction for Bloom’s reporting and audit stream.

About the Author

Read More/Less

About the Author

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Course Description

Capital assets are a conduit to municipal services. Learn how they serve the community and are linked to every-day service. Learn the basics of asset management, and how the asset management cycle and the financial role are critical to the health of infrastructure that supports our communities.

Read More/Less

Course Description

Capital assets are a conduit to municipal services. Learn how they serve the community and are linked to every-day service. Learn the basics of asset management, and how the asset management cycle and the financial role are critical to the health of infrastructure that supports our communities.
Also covered: a tangible capital assets overview, how to understand work in progress accounting, implications of policy choices, and how to account for contributed assets.

Learning Outcomes

Learn how capital assets serve the community and are linked to every-day service
Explain the value of capital assets in a meaningful way to elected officials and residents
Learn the basics of asset management

Read More/Less

Learning Outcomes
- Learn how capital assets serve the community and are linked to every-day service
- Explain the value of capital assets in a meaningful way to elected officials and residents
- Learn the basics of asset management
- Learn the basics of tangible capital asset theory and practices
- Gain an understanding of work in progress accounting
- Learn how tangible capital asset policy choices impact accounting processes and financial reporting
- Learn how to account for contributed assets, including the specific issues related to valuation and timing of recognition of contributed assets

Who Should Attend?

A unique professional development experience that has benefit for all municipal staff, including small, medium and large municipalities!

All municipal financial officers will benefit from having a fundamental understanding of financial reporting processes and core knowledge.

Who Should Attend?

Register Today!

In Alberta (GFOA)

Outside Alberta

BLOOM can customize courses for your needs.

Some topics include:

Financial Planning & Management
- Municipal risk and opportunity reviews
- Financial condition assessments
- Budget process reviews and development
- Priority based budgeting
- Program and service costing
- Operating budget forecasting and financial solution development
- Asset management
- Capital budget development and prioritization
- Capital plan development and prioritization
- Capital plan funding strategies (debt, grants, reserves, operating budget)
- Long term financial plan development
- Municipal price inflation (MPI) development
- User fee and permit reviews
- Development levy plans
- Grant research and application support

Strategic Business Planning
- Strategic plan facilitation and development
- Business plan facilitation and development
- Situational consulting and strategy development
- Facility project plans and feasibility studies

Education & Mentorship
- CAO mentorship and education
- Finance officer mentorship and education
- Council orientation and education
- Environmental education
- Communication and writing mentorship

Project & Change Management
- Project plans
- Change management plans and facilitation
- Services reviews

Advocacy
- Representation and negotiations
- Intermunicipal agreement reviews, frameworks and facilitation
- Intermunicipal negotiations

Communications
- Communication plans and strategies
- Facility sponsorship packages
- Narrative process development (budgets, strategic plans, business plans)
- Business plan writing
- Budget communication support
- Media releases
- Media strategy
- Newsletter development
- Public survey development
- Business case development

Environment
- Environmental education
- Environmental communication plans and strategies
- Climate change adaptation plan development
- Environmental strategic planning
- Environmental grant research and support

Questions? Get in touch…

Accounting for Capital Assets

Quality accounting for capital assets is critical for municipalities to meet asset management planning requirements. Learn methods of accounting for projects in progress, amortization, and contributed assets.

Register Today!

Course Content

Course Info

Price:$175.00

PD Credits: 1.5

Category: Reporting

Updated: Jul 8, 2020

Duration: 1:38:01

Course Synopsis

About the Author

Tim Duhamel is the founder and President of Bloom Centre of

Municipal Education.

He is a municipal veteran whose career has spanned over 21 years.

His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.

About the Author

Stephanie Porter is a Chartered Professional Accountant (CPA, CA) and

external auditor with Metrix Group LLP.

She has a passion for education and is a course developer and instructor for the University of Alberta in addition to her work at Bloom.

She is the lead Associate of curriculum development and instruction for Bloom’s reporting and audit stream.

About the Author

Tim Duhamel is the founder and President of Bloom Centre of Municipal Education.

He is a municipal veteran whose career has spanned over 21 years.

His passion is creating educational material and conducting lectures for municipal professionals. He has lectured as far away as Kiev, Ukraine for the Federation of Canadian Municipalities.

About the Author

Stephanie Porter is a Chartered Professional Accountant (CPA, CA) and external auditor with Metrix Group LLP.

She has a passion for education and is a course developer and instructor for the University of Alberta in addition to her work at Bloom.

She is the lead Associate of curriculum development and instruction for Bloom’s reporting and audit stream.

Course Description

Capital assets are a conduit to municipal services. Learn how they serve the community and are linked to every-day service. Learn the basics of asset management, and how the asset management cycle and the financial role are critical to the health of infrastructure that supports our communities.

Also covered: a tangible capital assets overview, how to understand work in progress accounting, implications of policy choices, and how to account for contributed assets.

Learning Outcomes

Learn how capital assets serve the community and are linked to every-day service

Explain the value of capital assets in a meaningful way to elected officials and residents

Learn the basics of asset management

Learn the basics of tangible capital asset theory and practices

Gain an understanding of work in progress accounting

Learn how tangible capital asset policy choices impact accounting processes and financial reporting

Learn how to account for contributed assets, including the specific issues related to valuation and timing of recognition of contributed assets

Who Should Attend?

A unique professional development experience that has benefit for all municipal staff, including small, medium and large municipalities!

All municipal financial officers will benefit from having a fundamental understanding of financial reporting processes and core knowledge.

Register Today!

BLOOM can customize courses for your needs.

Some topics include:

Questions? Get in touch…