Prospen Africa

ProspenAfrica | Training and Consulting Services Provider

Fixed Asset Accounting and Management

5 Day Training

Dates: 28 October – 01 November 2024 | 07 – 11 April 2025
Locations: Grayston Ridge Office Park, Sandton
Platform: Available In-Class / Online

Price: Available on request

Course Introduction

Prospen Africa’s Fixed Asset Accounting and Management encompasses the strategic tracking and financial treatment of physical assets that are pivotal for a company’s operation. This course unveils how to manage these assets, from acquisition to disposal, ensuring they deliver the best possible value throughout their lifecycle.

Course Objectives

By completing this Fixed Asset Accounting and Management course, participants will:

  • Acquire a solid understanding of fixed asset accounting principles and management strategies.

  • Appreciate the need for prudent utilization of fixed assets to boost profitability.

  • Learn accounting treatments for fixed assets and integrate them into financial statements.

  • Understand asset acquisition methods and manage associated costs.

  • Discover how effective asset management can streamline operations and maximize returns for stakeholders.

Personal Benefits

Participants will benefit from:

  • A deeper comprehension of the nuances between financial and fixed asset accounting.

  • Enhanced accounting acumen with practical experience in fixed asset treatments and recording.

  • Advanced knowledge and skills, providing an edge in financial reporting and management.

  • Improved decision-making and risk assessment capabilities in relation to asset management.

Who should attend?

This Fixed Asset Accounting and Management course is ideal for:

  • Fixed asset managers, supervisors, and account managers.

  • Financial managers and accountants.

  • Purchasing and facilities supervisors.

  • Entrepreneurs and start-up founders.

  • Department heads and executives.

  • Financial analysts and internal auditors.

  • Investors and maintenance managers.

Finance Courses

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Module 1: Fundamentals of Asset Accounting

  • Asset and financial reporting mechanisms.

  • Categorization and inventory of assets.

  • The significance of fixed asset accounting.

  • Financial treatments for fixed assets.

Module 2: Asset Valuation

  • Diverse valuation approaches: Absolute and Relative value models.

  • Determining the value of repairs, maintenance, and improvements.

  • Asset valuation specifics for land and buildings.

Module 3: Asset Continuity Planning

  • Critical factors in continuity planning for assets.

  • Scheduling for continuity plans and associated costs.

  • Conducting gap analysis in asset management.

Module 4: Understanding Depreciation

  • The need for depreciation in asset accounting.

  • Variables influencing depreciation expense.

  • Various methods for calculating depreciation.

Module 5: Asset Records and Maintenance

  • Tracking fixed assets throughout their lifecycle.

  • Strategies for asset labelling and maintenance management.

Module 6: Asset Transfers and Disposal

  • Managing various types of asset transfers.

  • Protocols for departmental and interdepartmental asset transfers.

  • Processes for asset retirement and disposal.

Module 7: Accounting for Intangible Assets

  • Classification of intangible assets.

  • Contrasting tangible and intangible asset accounting.

  • Methods for amortization and valuation of intangible assets.

Module 8: Advanced Fixed Asset Management

  • The overarching concept of fixed asset management.

  • Measuring asset efficiency through turnover ratios.

  • Life cycle management and cost considerations for fixed assets.

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