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.
- 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
PD Credits: 1.5
Updated: Jul 8, 2020
About the Author
Tim Duhamel is the founder and President of Bloom Centre of
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.
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.
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.
BLOOM can customize courses for your needs.
Some topics include:
Questions? Get in touch…