The British Academy for Training and Development offers the Certificate in Fixed Assets Accounting and Management. This programme is aimed at training attendees in the knowledge and practical competencies needed to facilitate the effective management and accounting of fixed assets in any organisation.

This course covers a thorough understanding of fixed asset accounting, asset management strategies, and relevant legal frameworks on asset capitalisation, depreciation, impairment, and disposal. The course will take attendees along the process of the complete life cycle of fixed assets: from acquisition and recording to auditing and financial reporting. More emphasis will be placed on compliance with International Financial Reporting Standards (IFRS) and internal control systems to preserve the integrity of the assets and maximise the value to the organisation.

Attendees will also learn about asset tracking methods, create detailed asset registers, and resolve such issues as asset revaluation and impairment losses into a proper understanding of management of fixed assets to support the strategic decision-making processes that will enhance organisational effectiveness.

Objective:

At the end of the programme, attendees will be able to:

Familiarise themselves with the principles and practices of fixed assets accounting.Apply IFRS standards relevant to fixed assets.Formulate and maintain an integrated asset register.Capitalise, depreciate, re-value, and dispose of assets accurately.Design effective asset management systems and put them into action.Conduct asset audits and ensure compliance with internal and external controls.Determine the effect fixed assets have on financial statements and the organisation's performance.Evaluate investments in fixed assets according to Net Present Value (NPV), Internal Rate of Return (IRR) and other methodsJustify the accounting and reporting for transactions throughout the life of the assetsAccount properly for impairment, disposals, and sales of long lived assetsWho Should Attend?

This course is mainly for:

Accountants and finance professionals concerned in fixed assets accounting.Asset managers and inventory controllers.Auditors and internal control officers.Financial analysts and decision-makers.Anyone who wants to learn about systems of asset management and compliance with regulations.How will attendees benefit?

By attending the Certificate in Fixed Assets Accounting and Management course, participants will gain:

Enhanced Professional Capabilities: Master the fundamentals of fixed assets accounting and learn the application across the industries.Compliance Confidence: Knowledge of IFRS standards and internal controls is vital to ensure compliance with the regulations and integrity of the reporting process.Improved Decision Making Skills: Analysis of asset-related data in any manner to support strategic business decisions and financial forecasting.Operational Efficiency: Learn how to implement asset management systems that run operations smoothly with fewer administrative burdens.Risk Mitigation: Skills will include audit and internal control techniques for safeguarding assets against fraud or mismanagement.Financial Accuracy: Management of all transactions throughout the asset lifecycle, from acquisition to disposal, improves the credibility of financial statements.Career Advancement: Expand your profile with a specialisation in fixed-assets management, which grants you new career opportunities.Practical Tools and Templates: Receive ready-to-use templates and frameworks to develop asset registers, calculate depreciation, and carry out audits.

Introduction to Fixed Assets Accounting

• Definition and categories of fixed assets

• Importance of fixed assets in business operations

Accounting Standards and Frameworks

• Overview of IFRS and local regulations

• Asset capitalization policies

Asset Acquisition and Recording

• Recording procedures and initial recognition

• Valuation methods

Asset Register Development

• Building and maintaining an asset register

• Data accuracy and integration with financial systems

Depreciation and Amortization

• Depreciation methods and calculations

• Accounting for amortization and asset useful life estimation

Asset Revaluation and Impairment

• Revaluation models

• Identifying and accounting for impairment losses

Asset Disposal and Retirement

• Procedures for asset disposal

• Recording gains and losses on disposal

Asset Management Strategies

• Lifecycle management of assets

• Implementation of asset tracking systems

Internal Controls and Auditing

• Ensuring asset security

• Conducting audits of fixed assets

Financial Reporting and Analysis

• Presentation of fixed assets in financial statements

• Impact of fixed assets on organizational financial health