Invitation to attend Fixed Asset Management Course

INTRODUCTION

Fixed Asset Management addresses the GAAP and IFRS accounting for all key fixed asset topics. The course delves into many other areas of interest to the accountant, including the record keeping, controls, policies and procedures, measurements and asset tracking. This programme is designed especially to help you better manage your organization’s fixed assets.

DURATION

5 Days

WHO SHOULD ATTEND?

This course is designed for anyone who is involved in the administration and management of fixed assets in your organization.

COURSE OBJECTIVES

At the end of this IRES training seminar, you will learn to:

• To expose the participants to the Techniques of Assets Maintenance Management.
• To enable the participants know what constitutes Fixed Assets identification and valuation.

TOPICS TO BE COVERED

Module 1

Planning – establishing and maintaining fixed asset inventory systems
• Control Ownership, Responsibility, and Accountability
• Asset Register and Asset record
• Inventorying – land, buildings, improvements, machinery and equipment assets
• Valuing/costing/depreciation – cost data and life expectancies
• Tracking controllable assets

Module 2
• Recording additions and deletion
• Requirements of generally accepted accounting principles including GAAP Reporting Standards.
• Infrastructure and depreciation requirements
• Inventorying and valuing infrastructure
• Accounting for fixed assets

Module 3
• Criteria for assessing maintenance performance.
• Measurement of the Elements of Financial Statements.
• Asset Transfers between organizations and entities.
• Exchanges of Assets.
• Asset Movement
• Criteria for assessing maintenance performance

Module 4
• Investment appraisal
• Fixed Asset Budgeting
• Fixed asset procurement and Supplier Selection
• Investment appraisal (Capital Budgeting).

Module 5

Preparation of Financial Statements
• Disposal of fixed assets and asset register adjustment
• Storage and Warehousing
• Disposal management
• Disposal phase and process

Module 6

• Accounting for intangible assets
• Impairment of assets
• Assessment of useful life
• IFRS recognition of assets including best practices for recognition thresh hold
• The use of IFRS not other GAAPs' principles in the training of accounting aspects

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).