Fixed Assets Management and Control Training Course
Fixed Assets Management is a fundamental element of financial and operational oversight within organizations.
This instructor-led, live training (available online or onsite) is designed for finance and accounting professionals at an intermediate level who want to effectively manage, value, and audit fixed assets in accordance with accounting standards and regulations.
Upon completion of this training, participants will be able to:
- Comprehend the life cycle and classification of fixed assets.
- Apply both local and international accounting standards to asset valuation and depreciation.
- Manage fixed assets using appropriate controls, tools, and procedures.
- Ensure compliance with legal and tax frameworks pertinent to asset management and reporting.
Course Format
- Interactive lectures and discussions.
- Extensive exercises and practical practice.
- Hands-on implementation within a live-lab environment.
Course Customization Options
- To request a customized training session for this course, please contact us to make arrangements.
Course Outline
Introduction to Fixed Assets
- Concept and classification of fixed assets
- Importance in financial and operational management
- Accounting standards applicable in Ecuador (IFRS – Section 17 / IAS 16)
- Life cycle of a fixed asset
Registration and Control of Fixed Assets
- Policies for asset acquisition and capitalization
- Assignment and labeling
- Management tools and software
- Role of the physical inventory
Valuation and Depreciation
- Depreciation methods (straight-line, units of production, etc.)
- Revaluation and impairment of assets
- Practical depreciation calculations
- Accounting and tax treatment
Legal Framework and Auditing
- SRI regulations related to fixed assets
- Internal control and asset auditing
- Supporting documentation and records management
- Common findings in audits
Disposal, Sale, and Final Handling
- Procedures for asset retirement
- Sale, donation, or dismantling
- Tax and accounting aspects
- Closing reports and reconciliations
Practical Cases and Local Application (Guayaquil)
- Common issues in institutions in Guayaquil
- Case studies from public and private companies
- Inventory simulation and asset control
- Best practices in the region
Summary and Next Steps
Requirements
- A solid understanding of basic accounting principles.
- Experience with financial reporting or asset tracking.
- Familiarity with IFRS or local accounting standards.
Audience
- Accountants
- Finance professionals
- Auditors and internal control personnel
Need help picking the right course?
southafrica@nobleprog.co.za or +27 (0)10 005 5793
Fixed Assets Management and Control Training Course - Enquiry
Testimonials (2)
Fun to talk
Jihan Fadila - BAF
Course - Root Cause Analysis (RCA) for Internal Audit
casual conversation supported by specific examples
Joanna Chlebny - BFF Polska S.A.
Course - Planning and Risk Assessment
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