This comprehensive training program is designed to provide participants with the knowledge and skills necessary to effectively manage and account for fixed assets. It covers the entire lifecycle of fixed assets, from acquisition to disposal, including valuation, depreciation, and financial reporting. Participants will learn best practices in fixed assets management and how to ensure compliance with relevant accounting standards and regulations.

The management and accounting of fixed assets cover all life cycles 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 Standards (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 asset impairment rules, measurement and accounting.

For Whom

This course is designed for This course is ideal for accounting professionals, financial managers, auditors, asset managers, compliance officers, business owners, and anyone involved in the management and accounting of fixed assets

Learning Objectives

At the end of the course, participants will be able to:

• Explain the fundamental principles of fixed assets accounting and management
• Accurately classify and record fixed assets
• Apply appropriate valuation techniques for fixed assets
• Implement effective depreciation methods
• Conduct regular asset reconciliations and audits
• Ensure compliance with accounting standards and regulatory requirements
• Utilize software tools for fixed assets management
• Develop strategies for efficient asset utilization and maintenance
• Prepare comprehensive fixed assets reports for financial statements
• Manage the disposal of fixed assets in compliance with legal and regulatory guidelines.