Snapshot: ASPE 3061 Property, Plant and Equipment

Date: September 14, 2021
Type: ASPE


MNP's Snapshots Series offers up-to-date summaries of many of the most widely-applied accounting standards. The Snapshots are meant to be used as high-level reference resources. They are not intended to be used as a substitution for the requirements contained in the actual accounting Standards.

Snapshot: ASPE 3061 Property, Plant and Equipment describes the recognition, measurement and disclosure requirements for property, plant & equipment in accordance with ASPE 3061, Property, Plant and Equipment.

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Michelle Balmer CPA, CA

Vice President, Assurance Professional Standards

Michelle Balmer, CPA, CA, is a Senior Assurance Services Partner with MNP. With 14 years of experience in public practice, Michelle helps a broad range of public and privately held companies in a variety of industries. She also works on special projects, including costing studies, benchmarking and best-practice studies, operational analyses, litigation support and due diligence.

As a key member of MNP's Assurance team, Michelle has played an instrumental role in assurance policy development, implementing accounting and assurance standards firm-wide and educating assurance practitioners regarding methodologies and new pronouncements. She also provides technical advice and consultation on accounting and assurance issues, as well as on rules of professional conduct issues, to all MNP practitioners.

Michelle was certified a Chartered Accountant (CA) after obtaining a Bachelor of Commerce degree from the University of Alberta. She has been actively involved with the Institute of Chartered Accountants of Alberta, including the Chartered Accountants School of Business, in an instructional and marketing capacity. An avid volunteer, she has assisted numerous groups such as the Easter Seals of Alberta, Paralympic Sports Association and Junior Achievement of Northern Alberta.