Course Methodology

The course uses a mixture of presentations by the consultant and the participants in addition to group and individual exercises, case studies and role plays.

Course Objectives

By the end of the course, participants will be able to:

• Apply the 28 point 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), Internal Rate of Return (IRR) and other methods
• Recognize and correctly measure fixed assets and intangible assets under International Financial Reporting Standards (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

Target Audience

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.

Target Competencies

• Applying assets management
• Increasing assets utilization
• Making investment decisions
• Formulating policies and procedures
• Utilizing assets information system
• Monitoring assets performance
• Applying capitalization rules
• Accounting for assets per IFRS