Fixed Assets Management Course

Fixed assets management and accounting is critical for any organization as fixed assets are the major resources used to produce products and generate future benefits. The management and accounting of fixed assets covers all lifecycles of fixed assets from creation or acquisition to utilization and maintenance until renewal or disposal.

The management part also includes decision making tools such as NPV, IRR and other capital budget comparative tools used to decide whether to acquire, replace or refurbish assets

The accounting part is based on the International Financial Reporting Standard (IFRS), mainly standard number 16 for property plant and equipment, and IFRS 38 for intangibles. The course covers capitalization rules for fixed assets and intangibles, and rules for measuring assets at fair value. In addition, the course covers various depreciation methods and assets impairment rules, measurement and accounting.