AMCouncil Melbourne members caught up for lunch yesterday and to discuss the value of asset valuations. Rosie Foldvari was first up to talk about asset depreciation for accounting and tax purposes and how to manage the differences that inevitably arise. As part of this Rosie considered how sharing of data between finance teams and asset management teams can ensure more accurate depreciation policies, based on true asset lives, and help finance teams manage the level of granularity required by the Australian Capital Allowances Legislation.
This was followed up by Julian Watts on the non-financial value of asset valuations. Julian talked about the value that can come from well executed asset valuations, how this drives the improvement in data quality and the non-financial benefits that are able to be realised in terms of people, process, data and technology.
Thank you greatly to Transurban for providing the venue and technology equipment, and to the Asset Management Council for shouting lunch. Slides from the session are now up and available for download on our www.amcouncil.com.au/search page (available to AMCouncil members only): just search for Asset Valuations