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Fixed Asset Accounting and Management

Fixed Asset Accounting and Management

Master IAS 16/38-Aligned Fixed Asset Accounting, Valuation, and Modern Asset Tracking

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Platform:
Online
In-class
Date Venue Duration
19 - 23 October 2026 Sandton, Gauteng 5 Days

Course Objectives

Who should attend?

Course Outline

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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, grounded in IAS 16 and IAS 38
  • Appreciate the need for prudent utilisation 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 maximise returns for stakeholders
  • Apply the global ISO 55000 asset management standard and current asset-tracking technology to strengthen asset governance

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?

  • 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

Day 1: Fundamentals of Asset Accounting and Valuation
Module 1: Fundamentals of Asset Accounting
  • Asset and financial reporting mechanisms
  • Categorisation and inventory of assets
  • The significance of fixed asset accounting, grounded in IAS 16 (Property, Plant and Equipment) — the international accounting standard underpinning recognition, measurement, and disclosure of fixed assets
  • Financial treatments for fixed assets, including Asset Retirement Obligations (AROs) where decommissioning or restoration costs apply
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
Day 2: Continuity Planning and Depreciation
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
Day 3: Asset Records, Technology, and Maintenance
Module 5: Asset Records and Maintenance
  • Tracking fixed assets throughout their lifecycle
  • Strategies for asset labelling and maintenance management
  • Current asset-tracking technology: barcodes, RFID, GPS, and IoT-enabled tracking for real-time visibility, faster audits, and stronger compliance
Day 4: Transfers, Disposal, and Intangible Assets
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 amortisation and valuation of intangible assets, grounded in IAS 38 (Intangible Assets)
Day 5: Advanced Fixed Asset Management
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
  • Applying the ISO 55000 international asset management standard for whole-of-life asset governance
  • Evaluating fixed asset investments using Net Present Value (NPV) and Internal Rate of Return (IRR)

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Office Administration Courses
Audit, Risk and Governance
Compliance Courses
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Success Stories

Discover how our courses enhance professionals’ effectiveness in their workplaces.

uMngeni-uThukela Water

IFRS Updates Trainings

What made the sessions exceptionally helpful was the deliberate focus on actionable strategies rather than just high-level concepts. The structured approach kept the content engaging. It was a highly impactful professional development experience.

Telekom Networks Malawi Plc

Financial Analysis, Modelling and Forecasting

It has been a really fruitful and helpful training. Many thanks to PROSPEN AFRICA and the facilitator Olufemi. This is definitely going to make my work life easier and meaningful.

Northam Booysendal Mine

Mastering Payroll Preparation, Analysis, and Management

The course really taught us deep in to Payroll and made us aware of things we were not aware of.

Telekom Networks Malawi PLC

Financial Analysis, Modelling and Forecasting

The training was very insightful and the facilitator was very engaging which made everything easier to understand and follow. It has really equipped us in our areas of lack and we feel confident now on our next assignments on forecasts and analysis

Magalies Water

GRAP training

The course was practical, informative and relevant

View All Reviews

FAQs – Fixed Asset Accounting and Management

Master capital expenditure tracking, asset depreciation modeling, impairment testing, and physical inventory reconciliation to maintain accurate fixed asset registers and comply with IAS 16 / GRAP standards.

What topics are covered in the Fixed Asset Accounting and Management course?
The course covers IAS 16 / GRAP 17 component accounting, initial recognition and measurement, depreciation methodologies, impairment testing (IAS 36), physical asset verification, componentization, revaluation models, and derecognition/disposal accounting.
Who should attend the Fixed Asset Accounting and Management training?
This course is designed for financial accountants, asset managers, financial controllers, internal auditors, municipal finance officials, compliance officers, and ERP asset register administrators seeking to master fixed asset lifecycle accounting and governance.
What are the key learning objectives of this fixed asset course?
Delegates learn to construct audit-ready fixed asset registers (FAR), apply complex component accounting, accurately model asset impairment and useful-life reviews, conduct physical verification audits, and align asset accounting with IFRS/GRAP accounting frameworks.
How long is the Fixed Asset Accounting and Management course?
The programme is delivered as an intensive 5-day professional masterclass incorporating asset register reconciliation exercises, practical impairment calculation workshops, and audit-trail review case studies.
What practical skills will delegates gain from this masterclass?
Participants will gain practical skills in unbundling complex capital assets into components, setting up depreciation schedules, managing Capital Work-in-Progress (CWIP) roll-overs, performing asset tag reconciliations, and preparing fixed asset financial statement disclosures.
Can Prospen Africa deliver this course as customized in-house training?
Yes. Prospen Africa can customize the masterclass to align with your organization’s specific asset categories, chart of accounts, accounting software/ERP environment (e.g., SAP, Sage, Oracle), and applicable reporting standards (IFRS or GRAP).

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