The 2020 Capital Hot Topics series focused on a number of frequently asked questions on accounting for assets and the related capital expenditure and financing, including the considerations on whether costs can be capitalised or not, and the common misunderstandings in relation to the Capital Financing Requirement and borrowing. The morning session also included a topical summary on commercial property investment activity and the likely next steps for the Prudential Code and framework.
The afternoon session focused on IFRS 16 Leases – with a summary of the main technical aspects of the standard, and the practical considerations and actions likely to be required in preparing for the standard as we approach its transition in the Code scheduled for 1 April 2021.
A copy of the slides and handouts from the events is included below for FAN subscribers to access, along with a summary of the poll results on readiness levels for IFRS 16.