Fixed Assets Accounting and Management is a very significant area for any organization.Fixed assets are the major resources used to produce products and generate future benefits. This course deliberates the accounting and management of these assets based on the ‘British Standard Institute’ ‘Publicly Available Standard’ (PAS 55). The accounting and management for fixed assets cover all life-cycles of fixed assets from creation or acquisition to utilization and maintenance until renewal or disposal. The management part also includes decision making tools like NPV, IRR and other capital budget comparative tools used to decide whether to acquire, replace or refurbish assets. The accounting part is based on IFRS, mainly standard number 16 for property plant and equipment. The course covers capitalization rules for fixed assets, and rules for measuring assets at fair value. Moreover, the course covers various depreciation methods and assets impairment rules, measurement and accounting.
By the end of the workshop, the delegates will be able to:
The workshop will be most beneficial to fixed assets professionals: