Introduction
Course Overview
The Fixed Asset Accounting & Management course equips participants with practical knowledge and skills to accurately record, track, and manage high-value infrastructure assets throughout their lifecycle. The course covers asset acquisition, depreciation, maintenance, control, and disposal in line with accounting standards and regulatory requirements, with a focus on utility and infrastructure environments.
Course Objectives
The objective of this course is to provide:
Participants with the knowledge and practical tools required to manage fixed assets effectively and in compliance with financial and regulatory standards.
Course Outcomes
At the end of the training programme, course participants shall be able to:
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Explain the principles of fixed asset accounting and management;
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Classify and record different categories of infrastructure assets;
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Apply appropriate depreciation methods;
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Understand asset maintenance planning and lifecycle management;
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Implement asset control and tracking systems;
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Manage asset disposal and replacement procedures;
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Ensure compliance with accounting standards and audit requirements;
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Support informed financial and operational decision-making through effective asset management.
Course Outline
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Introduction to Fixed Asset Accounting and Management
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Asset Classification and Initial Recognition
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Depreciation Methods and Asset Valuation
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Asset Maintenance and Lifecycle Management
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Asset Control, Tracking, and Inventory Systems
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Disposal and Replacement of Assets
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Compliance with Accounting Standards and Regulations
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Linking Asset Management to Financial Reporting and Decision-Making
Participants' Profile/Target Group
Managers, accountants, engineers, auditors, operations personnel, and any suitably qualified professionals involved in managing, accounting for, or overseeing infrastructure and utility assets.