Fixed Assets and Inventory Management

Participants will:

• Acquire up-to-date rules covering the managing of, and accounting for, fixed assets.
• Gain knowledge of depreciation management techniques and how they affect their operations.
• Correctly recognise and measure fixed assets and intangible assets
• Report fixed assets accurately by adhering to professional convention.
• Properly account for disposals, impairment, sales, and exchange of long-lived assets.

CONTENT

• Introduction to Fixed Assets
• Importance of Fixed Assets Management
• Definition of Fixed Assets
• Initial measurement of Fixed Assets
• Asset Retirement obligations
• Concept of Component Depreciation
• Depreciation Methods and Computations
• Recording Annual Depreciation
• Hierarchy for Fair Value Inputs and Assumptions
• Impairment Indicators, Computation & Treatment
• Reporting and Disclosures
• Valuation Options for Intangible Assets
• Key Components to Understanding Effective Inventory Control
• Inventory and the Supply Chain

FOR WHOM:

Accountants, Controllers, Managers of Fixed Assets, Divisional and Plant Managers and all Executives involved in Fixed Asset Accounting and Administration.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.