Course Outline

Introduction to Fixed Asset Management

  • Definition and importance of fixed asset management
  • Impact on financial reporting and compliance
  • Integration with accounting and ERP systems

Classification and Configuration of Fixed Assets

  • Fixed asset categorization according to IFRS
  • Asset parameterization in accounting management systems
  • Best practices for asset classification

Creation and Registration of Assets

  • Acquisition methods and initial recognition
  • Capitalization of associated costs
  • Asset registration workflows and approvals

Control and Monitoring of Assets

  • Identification and tracking of asset components
  • Maintenance scheduling and lifecycle management
  • Risk mitigation and internal control measures

Depreciation and Amortization

  • Common depreciation methods (Straight-Line, Diminishing Balance, Units of Production)
  • Amortization calculations based on asset type and useful life
  • Accounting records and financial implications

Asset Movements and Transfers

  • Procedures for internal asset transfers
  • Generating delivery and assignment records
  • Approval workflows and audit trails

Asset Disposal and Write-Offs

  • Causes and procedures for asset retirement
  • Accounting treatment of asset write-offs
  • Legal and compliance considerations in asset disposal

Revaluation, Useful Life Adjustments, and Residual Value

  • Asset revaluation criteria and financial impact
  • Adjusting useful life and residual value
  • Revaluation reporting in financial statements

Summary and Next Steps

Requirements

  • Basic understanding of accounting principles
  • Familiarity with financial reporting and regulatory compliance
  • No prior experience with fixed asset management is required

Audience

  • Asset management personnel
  • Accounting and finance professionals
  • Internal auditors and compliance officers
  • Procurement and operations managers
 14 Hours

Number of participants


Price per participant

Testimonials (2)

Upcoming Courses

Related Categories