Preparation Course for Certified Fixed Assets Manager
Course Info
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Course Details
Introduction
Objective
Who should attend
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Fixed assets are a cornerstone of an organization’s financial stability and operational success. Properly managing and monitoring these assets is essential to ensure accurate reporting, compliance with standards, and optimal utilization. The Certified Fixed Assets Manager course is designed to equip professionals with the tools and knowledge needed to effectively oversee fixed assets, from acquisition to disposal. By addressing key areas such as financial reporting, budgeting, and technology integration, participants will gain a practical understanding of how to manage diverse asset types while ensuring long-term financial health.
Through this five-day course, participants will explore best practices in fixed asset management, including compliance with IFRS standards, the use of technology for tracking and reporting, and strategies for cost reduction and optimization. The program includes real-world case studies and practical exercises, enabling participants to confidently apply these skills within their organizations.
Course Outline
Fundamentals of Fixed Asset Management
- Introduction to fixed assets management and its significance in financial health
- Discovering different types of fixed assets:
- Capital Work in Progress (CWIP)
- Leasehold improvements
- Right of Use (ROU) assets
- Property, Plant, and Equipment (PP&E)
- Discussing management, monitoring and accounting strategies for each type fixed asset
- Techniques to oversee the acquisition, recording and disposal of fixed assets
- Recognizing the significance of physical inventory and tracking systems in fixed assets management
- Discussing types of information required to maintain accurate and up-to-date records of fixed assets
