🏢 Fixed Asset Accounting and Management Course
📘 Course Description This course provides in-depth knowledge and practical skills on accounting, managing, and controlling fixed assets throughout their lifecycle — from acquisition to disposal. It focuses on both financial reporting and operational efficiency, covering international standards (IFRS/IPSAS), tax …
Overview
📘 Course Description
This course provides in-depth knowledge and practical skills on accounting, managing, and controlling fixed assets throughout their lifecycle — from acquisition to disposal. It focuses on both financial reporting and operational efficiency, covering international standards (IFRS/IPSAS), tax implications, depreciation methods, asset tracking, and audit readiness. Participants will gain the confidence to manage large and small asset bases, ensure compliance, and avoid costly misstatements.
🎯 Learning Objectives
By the end of this course, participants will be able to:
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Understand the types and classifications of fixed assets
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Record and track fixed assets under IFRS, IPSAS, and tax frameworks
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Apply depreciation methods and revaluation models
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Manage disposals, write-offs, and impairments correctly
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Conduct physical verification and implement asset tracking systems
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Develop and enforce fixed asset policies
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Prepare for asset-related audits and reporting
👥 Who Should Attend
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Fixed Asset Accountants and Officers
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Financial and Management Accountants
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Auditors and Compliance Officers
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Asset/Inventory Managers
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ERP and IT support for asset modules (SAP, Oracle, etc.)
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Public and private sector finance personnel
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Internal Control and Risk Professionals
🧠 Training Format
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Interactive lectures and real-life case studies
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Group exercises and scenario-based learning
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Excel-based depreciation modeling
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Live demonstrations (optional) of asset systems
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Daily Q&A and recap sessions
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End-of-course assessment and certification
🗓️ 5-Day Agenda with Time Breakdowns
📅 Day 1: Introduction to Fixed Assets and Regulatory Frameworks
| Time | Topic |
|---|---|
| 08:30–09:00 | Registration and Welcome |
| 09:00–10:30 | What Are Fixed Assets? Recognition and Classification |
| 10:30–10:45 | ☕ Coffee Break |
| 10:45–12:15 | Overview of Accounting Standards: IFRS (IAS 16, 36), IPSAS 17 |
| 12:15–13:15 | 🍽️ Lunch |
| 13:15–14:45 | Capital vs. Expense Decisions and Asset Capitalization Policies |
| 14:45–15:00 | ☕ Coffee Break |
| 15:00–16:30 | Practical Case Study: Asset Identification and Categorization |
📅 Day 2: Acquisition, Recording, and Valuation of Assets
| Time | Topic |
|---|---|
| 08:30–10:00 | Fixed Asset Acquisition: Purchase, Construction, Donations |
| 10:00–10:15 | ☕ Coffee Break |
| 10:15–12:15 | Journal Entries: Asset Additions, Initial Measurement |
| 12:15–13:15 | 🍽️ Lunch |
| 13:15–14:45 | Valuation of Fixed Assets: Fair Value, Revaluation, Impairment |
| 14:45–15:00 | ☕ Coffee Break |
| 15:00–16:30 | Hands-on: Building an Asset Register (Spreadsheet & ERP format) |
📅 Day 3: Depreciation, Impairment, and Revaluation
| Time | Topic |
|---|---|
| 08:30–10:00 | Depreciation Methods: Straight-Line, Reducing Balance, Units-of-Use |
| 10:00–10:15 | ☕ Coffee Break |
| 10:15–12:15 | Depreciation Policy Design and Changes in Estimates |
| 12:15–13:15 | 🍽️ Lunch |
| 13:15–14:45 | Asset Revaluation and Impairment Testing |
| 14:45–15:00 | ☕ Coffee Break |
| 15:00–16:30 | Excel Workshop: Depreciation and Revaluation Model |
📅 Day 4: Disposal, Retirement, and Physical Asset Control
| Time | Topic |
|---|---|
| 08:30–10:00 | Asset Disposal, Write-offs, and Retirement Procedures |
| 10:00–10:15 | ☕ Coffee Break |
| 10:15–12:15 | Journal Entries for Disposal and Gains/Losses on Sale |
| 12:15–13:15 | 🍽️ Lunch |
| 13:15–14:45 | Physical Verification and Asset Tagging Systems (RFID, Barcode, GPS) |
| 14:45–15:00 | ☕ Coffee Break |
| 15:00–16:30 | Internal Controls for Asset Security and Fraud Prevention |
📅 Day 5: Reporting, Audit, and System Integration
| Time | Topic |
|---|---|
| 08:30–10:00 | Fixed Asset Registers and Financial Statement Integration |
| 10:00–10:15 | ☕ Coffee Break |
| 10:15–12:15 | Audit of Fixed Assets and Regulatory Disclosures (IPSAS/IFRS) |
| 12:15–13:15 | 🍽️ Lunch |
| 13:15–14:45 | Fixed Asset Software & ERP Modules (SAP, Oracle, Dynamics) Overview |
| 14:45–15:00 | ☕ Coffee Break |
| 15:00–16:30 | Course Recap, Final Exercise, Assessment, and Certification |
🎓 Training Deliverables
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Course manual and asset templates
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Excel models for depreciation and impairment
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Sample asset policy documents
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Completion certificate
Target audiences
- Reservoir Engineers, Geologists
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