Fixed Assets Management and Control Training Course
Fixed Assets Management is a fundamental aspect of financial and operational oversight within organizations.
This instructor-led, live training (available online or onsite) is designed for intermediate-level finance and accounting professionals who wish to effectively manage, value, and audit fixed assets in compliance with accounting standards and regulations.
By the end of this training, participants will be able to:
- Understand the life cycle and classification of fixed assets.
- Apply local and international accounting standards in asset valuation and depreciation.
- Manage fixed assets with proper controls, tools, and procedures.
- Comply with legal and tax frameworks relevant to asset management and reporting.
Format of the Course
- Interactive lecture and discussion.
- Lots of exercises and practice.
- Hands-on implementation in a live-lab environment.
Course Customization Options
- To request a customized training for this course, please contact us to arrange.
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
- An 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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Format of the Course:
- Facilitated and group discussion.
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