Pretoria: 30 September – 11 October 2024
Overview
Robust accounting practices and procedures in this rapidly changing world ensure that fixed assets are managed and utilised effectively. In cognisance of this reality, this course places emphasis on the importance of safeguarding, maintenance, management and disposal of fixed assets.
Accounting for and reporting on assets is vital both in the private and public sector. Good asset management and asset accounting are key in any business environment, particularly because some of the fixed assets such as infrastructure have enormous capital significance, hence the need for a workable generally recognised accounting practice (GRAP) in Public Finance Management (PFM). This short course stresses that management and accounting of fixed assets should focus on the whole life-cycles of fixed assets beginning with their creation or acquisition to utilization and maintenance until renewal or disposal. Furthermore, the course covers capitalization rules for fixed assets and intangibles, and rules for measuring assets at fair value. It also addresses various depreciation methods and assets impairment, measurement and accounting rules.
The course is most suitable for supervisors and managers, accounts and procurement professionals, facility supervisors and coordinators, financial controllers, internal auditors and staff handling fixed assets issues, maintenance managers, assistants, operations personnel and anyone interested in the course
Delegates will gain
- Deep Assets Management Skills
- Increased assets utilization Knowledge
- Investment decision-making competences
- Utilization of assets information system
- Monitoring of assets performance
- Application of capitalization rules
- Accounting for assets per IFRS