Introduction

Fixed assets play a vital role in the financial health and operational efficiency of any organization. Mismanagement or inaccurate accounting of these assets can lead to compliance issues, financial misstatements, and impaired investment decisions. This 12-day certification training, designed by Global Horizon Training Center, equips finance, accounting, and asset management professionals with the essential skills and tools to manage fixed assets accurately across their entire lifecycle — from acquisition and capitalization to depreciation, impairment, and disposal.

Objectives

By the end of this program, participants will be able to:

• Understand the classification, valuation, and recognition of fixed assets.

• Apply international accounting standards (IAS 16, IFRS) for fixed assets.

• Implement effective depreciation, revaluation, and impairment procedures.

• Maintain proper fixed asset registers and conduct audits.

• Design fixed asset management systems aligned with operational needs.

• Integrate accounting with physical asset tracking and control.

Target Audience

• Accountants and finance officers

• Fixed asset and inventory managers

• Auditors and compliance officers

• ERP and asset register specialists

• Internal controllers and treasury staff

• Professionals seeking certification in asset management

Organizational Impact

Organizations will benefit through:

• Improved asset control and financial accuracy

• Reduced audit risks and enhanced compliance

• Cost optimization via better asset utilization

• Seamless integration of accounting and asset tracking systems

• Stronger internal controls and operational transparency

Training Outline

Day 1: Introduction to Fixed Assets and Their Lifecycle

• What are fixed assets?

• Tangible vs. intangible vs. leased assets

• Asset lifecycle: acquisition, use, maintenance, disposal

• Role of asset management in business strategy

Day 2: Fixed Asset Recognition and Capitalization

• Criteria for capitalization under IAS 16

• Distinguishing capital vs. expense

• Asset tagging, acquisition documentation

• Group exercise: Classifying assets and costs

Day 3: Fixed Asset Valuation and Revaluation

• Initial measurement and fair value

• Revaluation model vs. cost model (IAS 16)

• Accounting entries for revaluation and surpluses

• Recording value adjustments in ledgers

Day 4: Depreciation Methods and Policies

• Straight-line, declining balance, units-of-production

• Useful life estimation and residual value

• Depreciation journal entries and reporting

• Depreciation schedule preparation in Excel

Day 5: Impairment of Assets

• Overview of IAS 36 – Impairment of Assets

• Indicators of impairment

• Recoverable amount and cash-generating units

• Reversal and impact on financials

Day 6: Asset Transfers, Disposal, and Derecognition

• Inter-departmental asset movement

• Asset retirement and scrapping

• Sale and disposal journal entries

• Gains/losses on disposal and ledger updates

Day 7: Fixed Asset Register and Tagging System

• Purpose and structure of the asset register

• Asset identification, labeling, and physical tracking

• Integration with ERP systems

• Data consistency and maintenance

Day 8: Internal Controls and Audit of Fixed Assets

• Segregation of duties and approval workflows

• Periodic physical verification and reconciliation

• Audit trail and documentation

• Common findings in asset audits

Day 9: IFRS Compliance and Reporting

• Relevant standards: IAS 16, IAS 36, IFRS 5

• Asset-related disclosures in financial statements

• Lease asset accounting (IFRS 16 basics)

• Sample notes to financials and footnotes

Day 10: Budgeting and Planning for Capital Expenditures (CapEx)

• Linking CapEx planning to asset lifecycle

• CapEx approval processes and KPIs

• Capital budgeting techniques (NPV, ROI)

• Integrating CapEx into corporate strategy

Day 11: Technology in Fixed Asset Management

• Use of ERP, EAM, and CMMS tools

• Barcode, RFID, and GPS tracking

• Asset management software comparison

• Data analytics and dashboarding for asset insights

Day 12: Workshop and Assessment

• Group exercise: Build a full asset lifecycle scenario

• Create and evaluate depreciation and disposal entries

• Asset reconciliation and reporting demo

• certification distribution