COURSE OVERVIEW

This practical and highly-interactive course includes real-life case studies where participants will be engaged in a series of interactive small groups and class workshops. 

 

This course is designed to provide participants with a detailed and up-to-date overview of Certificate in Fixed Assets Accounting & Management. It covers the definition and classification of fixed assets and the importance of fixed assets in financial statements; the tangible versus intangible assets and lifecycle of a fixed asset; the fixed assets lifecycle, recognition and measurement, capitalization policies, chart of accounts for fixed assets and fixed assets policy framework; and the depreciation methods and principles, depreciation accounting procedures and asset revaluation. 

 

Further, the course will also discuss the impairment of fixed assets, impairment indicators, calculation of recoverable amount, impairment loss recognition and reversal of impairment; the residual value and useful life estimation, asset tagging and physical verification; the fixed assets registers (FAR), structure and data requirements; the integration with ERP systems and reconciliation with general ledger; and updating and maintaining FAR. 

 

During this interactive course, participants will learn the internal controls over fixed assets, audit of fixed assets, financial reporting and disclosures; the taxation and asset transfers, movements, disposal and retirement; the lease assets, right-of-use (ROU) assets, depreciation and interest components and disclosures under IFRS 16; the asset optimization and utilization analysis, fixed asset accounting in ERP systems, asset lifecycle management (ALM) systems and strategic asset management; the fixed asset reporting dashboards, KPI design for asset management, visualization tools, exception reporting and real-time asset monitoring; the risk management in fixed asset processes, compliance with SOX and COSO and ethical considerations in asset reporting; and the policy enforcement and governance structures.