Professional Course

Fixed Assets Management

5 days
3,995 USD
Next course start
Inquire for more information See details
5 days
3,995 USD
Next course start
Inquire for more information See details
This provider usually responds within 48 hours 👍

Course description

Fixed Assets Management

This course discusses the management and accounting of assets based on the British Standard Institute Publicly Available Standard (PAS 55).

This course includes the 28 points of PAS 55 which help maximize the utilization of fixed assets and which are divided into: fixed assets policy, strategy, management enablers and controls, implementation of management plans, performance assessment and improvement, and management review

Upcoming start dates

1 start date available

Inquire for more information

  • Classroom
  • Dubai

Who should attend?

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.

Training content

Asset management function

  • Introduction to British Standards Institute's PAS 55
  • Introduction to ISO 55000
  • Asset management objectives
  • Asset management benefits
  • Requirements of PAS 55 for effective asset management
  • Risk management and asset management

Evaluating investments in assets

  • Making investment decisions
  • Time value of money
  • Net Present Value (NPV)
  • Internal Rate of Return (IRR)
  • Other tools for valuing investments

Fair value measurement

  • IFRS 13 fair value
  • Three level hierarchy for Fair Value (FV)
  • Valuation techniques under IFRS

Initial measurement of long lived assets

  • Measurement and recognition of fixed assets
  • Classes of long lived assets
  • Construction of tangible assets for internal use
  • Measurement and recognition of investment property
  • Measurement and recognition of intangible assets
  • Required disclosures

Special topics in accounting for fixed assets

  • Capitalization of borrowing costs
  • Decommissioning costs

Accounting over the life of the asset

  • Costs incurred subsequent to purchase
  • Leasehold improvements
  • Accounting for leased assets
  • Subsequent expenditures on intangibles
  • Accounting for assets under fair value model
  • Concept of component depreciation
  • Depreciation methods

Impairment and disposal

  • Definition and rules of asset impairment
  • Impairment measurement and accounting
  • Impairment indicators and computation
  • Accounting for disposing or idling of assets

Certification / Credits

  • Apply the requirements to establish a whole life asset management system according to PAS 55 and ISO 55000
  • Evaluate investments in fixed assets according to Net Present Value (NPV) and Internal Rate of Return (IRR)
  • Recognize and correctly measure fixed assets and intangible assets under (IFRS)
  • Justify the accounting and reporting for transactions throughout the life of the assets
  • Account properly for impairment, disposals, and sales of long lived assets

Why choose Convertas?

Founded in 2006

12 Specialized trainers

100% of happy clients

Contact this provider

Contact course provider

Fill out your details to find out more about Fixed Assets Management.

  Contact the provider

  Get more information

  Register your interest

Country *

reCAPTCHA logo This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Convertas Management Consultants
214, DBC2, Arjan
124534 Dubai

Convertas Management Consultants

CONVERTAS offers a series of specialized training services across all areas of business, helping employees develop and increase their skills. Our highly qualified trainers through our specifically designed courses and workshops, as well as our innovative training methodology, will provide...

Read more and show all training delivered by this supplier