1

Characteristics of the assets

• The three types of assets: intangible, tangible and financial.
• Identifying their position on the balance sheet.
• The distinction between capital, expense, other assets.
• The treatment of research and development costs

2

Component-based approach

• CRC regulation No. 2004-06.
• The accounting criteria for the component-based method.
• The valuation of assets: impact of the IFRS standard.
• Determination of the cost of the assets concerned.
• The modalities of first-time application.
• The treatment of specific transactions.
• The tax aspects.
• Information to be provided in the notes to the accounts.

3

Amortizations and depreciations of assets: the new accounting rules

• Regulation 2002-10.
• The IFRS standard and the new amortization rules.
• The concept of recoverable value.
• Impairment testing of assets: basis, method, discount rate.
• Cash-generating units (CGUs).
• Accounting and tax implications.

4

The key transactions on assets

• Purchasing in foreign currencies.
• Interviews, improvements and major work.
• Amortization: straight-line, digressive, special allowances.
• Modes of acquisition: full ownership, operating lettings or lease.
• Write-off of assets: transfer, disposal, capital gains or losses.
• Physical inventory: monitoring of assets.

5

Taxation applicable to assets

• The Territorial Economic Contribution.
• Presentation in the balance sheet, the profit and loss account and the notes.
• Presentation in the tax return.