Fixed asset management | Training

Training details

Date: Tuesday, 4 April 2023
Time: 9am-4pm
Cost: GH₵1,850.00
Venue: PwC Tower, A4 Rangoon Lane, Cantonments City, Cantonments, Accra

Programme brief

Establishing good fixed asset management practices is crucial to the operations of organisations. Understanding the relevant information required to manage the fixed assets of a company is likely to impact its performance due to proper recognition, measurement and maintenance of its fixed assets.

Technology has also become an ultimate tool that enhances the management of fixed assets in emerging organisations.

The International Financial Reporting Standards (IFRS) under IAS 16, Property, Plant and Equipment provides guidelines on the accounting treatment for most types of property, plant and equipment which usually requires expert explanation and interpretation to be suitably applied to specific businesses and contexts.

Other applicable standards to fixed asset management are IAS 38 Intangible Assets, IFRS 5 Non Current Assets held for sale and Discontinued Operations, IAS 36 Impairment of Assets, and IAS 40 Investment Property which clients may need clarification and education on.

This training programme is aimed at teaching you the skills, information and insights needed to make the fixed asset function a key to enhancing the company's return on fixed assets and making the process of managing fixed assets easier and smoother for managers in charge of this aspect of the finance department.

You will also learn how to make the fixed asset database accurate, how to get the cooperation of line managers and how to provide essential data for a wide range of reporting needs.

Learning outcomes

At the end of the session, participants will:

• have a good knowledge of the tools and techniques necessary to ensure that their organisation gets optimum return from its fixed asset investment
• be able to advise management on the importance of asset life cycle management and how technology can be used to enhance the benefits obtained from investment in fixed assets
• be able to correctly interpret international financial reporting standards relating to fixed assets and how to properly account for fixed assets
• be able to properly manage fixed assets records and use them to perform value-adding analysis that will aid business decision making
• have a good understanding of the controls governing fixed assets

 Who should attend

• experienced fixed asset accountants or managers
• controllers, CFOs, accountants and line managers with fixed asset responsibilities
• small business owners who have begun acquisition of fixed assets or intend to acquire fixed assets in the foreseeable future
• anyone new to the management of fixed assets

Register for the training here