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Code Date Venue Fees  
FI29 07 Dec - 11 Dec Cairo $4950 Register
FI29 07 May - 11 May Istanbul $ Register

Course Overview

The Fixed Assets Professional course introduces the participant to all avenues of Fixed Asset Management. The Fixed Assets Professional training program outline is up to date and pertinent to marketplace requirements, thus catering well to all analytical prediction of training needs in the specified area. A customised proposal can also be arranged, to suit the training requirement of your team.

Course Objectives:

By the end of the Fixed Assets Professional training program, participants will be able to:

  • 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 recognize and measure fixed assets and intangible assets under International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)
  • Report fixed assets accurately by adhering to internationally recognized conventions
  • Properly account for disposals, impairment, sales, and exchange of long-lived assets

Course Outline:

  • Introduction to Fixed Assets Concepts and Rules
  • Definition of Fixed Assets
  • Initial Measurement of Fixed Assets
  • Costs Incurred Subsequent to Purchase
  • Construction of Tangible Assets for Internal Use
  • Capitalization of Interest Costs
  • Conditions for Capitalization
  • Non Qualifying Assets
  • Pre Production Costs
  • Leasehold Improvement
  • Asset Retirement Obligation
  • Recognition and Allocation of Impairment
  • Measurement of Expected PV
  • Subsequent Periods Effects
  • Disclosure Requirements
  • Non-Monetary Transactions
  • General Rule and Exceptions to Recognize Non-Monetary Transactions
  • Treatment of Similar and Dissimilar Assets
  • Foreclosed Assets
  • Depreciation Management
  • Depreciation Concept and Component Concept
  • Depreciation Computation Methods
  • Depletion of Natural Resources
  • Fair Value Measurement
  • Recent Update on Fair Value
  • The Three-Level Hierarchy for Fair Value Inputs and Assumptions
  • Fixed Assets at Fair Value under IFRS
  • Investment Property under IFRS
  • Impairment of Fixed Assets
  • Definition and Rules of Asset Impairment
  • Impairment Measurement and Accounting
  • Impairment Indicators and Computation According to IFRS and GAAP
  • Rules for Estimating Future Cash Flows to Properly Measure Impairment
  • Treating Asset Idling or Disposal
  • Accounting for Intangible Assets
  • Initial Measurement and Recognition
  • Valuation Options under IFRS and GAAP
  • Subsequent Expenditures on Intangibles
  • IFRS PPE
  • IFRS and GAAP Similarities and Differences
  • Decommissioning Costs and Subsequent Costs
  • Revaluation Adjustment
  • Required Disclosures

Who should attend?

Fixed assets professionals, including supervisors, account managers, purchasing and facility supervisors and coordinators, financial controllers, new employees handling fixed assets, internal auditors, maintenance assistants and managers, and operations managers.

General Notes

  • All our courses can be facilitated as Customized In-House Training course.
  • Course duration is flexible and the contents can be modified to fit any number of days.
  • As for Open Enrolment Courses, we offer our clients the flexibility to chose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
  • The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
  • FREE Consultation and Coaching provided during and after the course.
Note
Customized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
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