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Course Code
BANK-004
Fixed Assets Accounting and Management
- 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. This course discusses the management and accounting of these assets. The management and accounting of fixed assets covers all life-cycles of fixed assets from creation or acquisition to utilization and maintenance until renewal or disposal.
Learning Outcomes
- Apply the 28-point requirements to establish a whole life asset management system
- Evaluate investments in fixed assets according to Net Present Value,
- Recognize and correctly measure fixed assets and intangible assets under International Financial Reporting Standards (IFRS)
- Justify the accounting and reporting for transactions throughout the life of the assets
- Account properly for impairment, disposals, and sales of long-lived assets
Course Contents
- Asset management function
- Evaluating investments in assets
- Value measurement
- Initial measurement of long-lived assets
- Special topics in accounting for fixed assets
- Impairment and disposal
- Accounting over the life of the asset
Our Methodology
- Make coaching and monitoring innovative and using modern
- Media training also using on the go training by using interactive means and focusing on
- The exercises, practical applications and real situations study
- Live delivery method, instructor-led training
- Experienced consultant, trainers, and professional
- Qualified trainer with high-level experience
Attendance Reports
- Send daily attendance reports to training departments
- Send full attendance report to training dep. by the end of the course
- Attend 100 % from the course days also provide daily
- Issue attendance certificate for participant who attend minimum 80% from the course duration
Pre/Post Reports
- Pre- assessment before starting training
- Post assessment after finish training
- Full report for the deferent between Pre-& Post assessment
Who Should Attend
- Fixed assets professionals including supervisors, account managers, purchasing and facility supervisors and coordinators, financial controllers
- New employees handling fixed assets
- Internal auditors, maintenance assistants and managers, and operations managers
