Fundamentals of Fixed Assets Accounting

Accounting and Finance

This comprehensive 5-day course is designed to provide accounting and finance professionals with in-depth knowledge and hands-on skills to manage, account for, and report on fixed assets in accordance with international accounting standards (e.g., IFRS, IPSAS, or local GAAP).

Participants will explore the full fixed asset lifecycle — from acquisition and capitalization, through depreciation and impairment, to retirement and disposal — supported by real-world examples, case studies, and system-based exercises.

Whether you’re part of a finance team, internal audit, or public sector agency, this course will help ensure accurate accounting, regulatory compliance, and better asset control within your organization.

Target Audience

Who should attend?

Accountants and finance officers
Internal and external auditors
Asset and inventory managers
ERP users handling fixed assets
Public sector finance professionals
Procurement and project team members

Anyone involved in recording, managing, or auditing fixed assets will benefit from this course.

Knowledge and benefits:

By attending this course, participants will:

Gain a solid understanding of fixed asset accounting under IFRS/GAAP
Learn how to properly capitalize, depreciate, and dispose of assets
Improve accuracy in financial reporting and audit readiness
Strengthen internal controls over asset management
Reduce errors, non-compliance, and financial misstatements
Perfect for boosting technical skills and adding immediate value to your organization.

Course Outline

Day 1: Fundamentals of Fixed Assets Accounting:

Definition and types of fixed assets
Capital vs revenue expenditure
Recognition criteria under IFRS (IAS 16)
Asset lifecycle and accounting flow
Introduction to fixed asset registers and tagging

Day 2: Acquisition, Capitalization & Initial Measurement

Components of cost and capitalization rules
Asset purchases, donations, and leased assets
Initial recognition journal entries
Handling installation, testing, dismantling costs
Fixed assets and procurement integration

Day 3: Depreciation, Revaluation & Impairment

Depreciation methods (straight-line, reducing balance, units of production)
Useful life, residual value, and component accounting
Revaluation model vs cost model
Impairment indicators and testing (IAS 36)
Change in estimates and accounting impact

Day 4: Asset Transfers, Retirement & Disposal

Transfers between departments or branches
Derecognition criteria and disposal entries
Sale of assets and gain/loss recognition
Fully depreciated and idle assets
Asset retirement obligations (ARO)

Day 5: Reporting, Auditing & Fixed Asset System Controls

Preparing fixed asset reports and disclosures (IFRS/IPSAS)
Internal control over fixed assets
Physical verification and audit trails
Fixed asset module walkthrough (SAP/Oracle/Microsoft Dynamics overview)

Best practices in reconciliation and system integration

By the end of this training, participants will:
Master fixed asset accounting principles under IFRS/GAAP
Ensure compliance with audit and internal control standards
Accurately record and manage asset transactions
Confidently handle depreciation, impairment, and disposals
Use system tools for efficient fixed asset tracking and reporting

Available Dates

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Course Date

#	Date
	August 4, 2025
	October 6, 2025
	December 8, 2025

Accounting and Finance