Does your job require you to administer and manage land, buildings, office equipment, furniture, or other fixed and Mobile asset items? If so, this program is designed specially to help you better manage your organization's fixed assets.

Maximize your fixed and mobile assets and protect your organization's investments with fixed asset management skills! In this timely seminar you will learn to maximize your bottom line by discovering everything you need to know about your company's assets: what assets you have and where they are located…how to make sure they are fully utilized…how to reap the maximum tax benefits…and how to accurately assess their current value in today's economy.

Methodology

• Instructor guided presentation.
• Case studies
• Discussion session
• Scenario and Case study sessions

What to Expect

• Expert facilitation
• Souvenirs (classroom option)
• Tea break and Lunch (classroom option)
• Discussion session
• Practical Examples
• Certificate

Course Content

Introduction

• What qualifies as fixed assets (Property, Plant, and equipment) and mobile assets?
• Identification of fixed assets (Property, Plant, and equipment)

Accounting for Fixed Assets (PPE)

• When to recognize fixed assets
• How to recognize fixed assets
• Subsequent measurement
• De-recognition

Fixed Asset Process:

• Acquisition process and controls
• Depreciation and Impairment Review Process and Controls
• Disposal process and controls

The implication of Taxation on Fixed Assets:

• Capital Gains Tax
• Tax Base of Fixed Asset (PPE)
  • Capital Allowance
  • Investment Allowance
• Optimizing tax benefits on Fixed Assets (PPE)

Internal Control:

• Classification, Tagging, and Asset Register Maintenance
• Physical verification

1. Fixed Asset Register to GL Integrity
2. GL to Fixed Asset Register Integrity

o   Fixed Asset Transaction Integrity

o   Correcting Integrity Discrepancy

Other Issues

• Revaluation of Assets (PPE)
• Impact of IFRS (International Financial Reporting Standards)

Questions and Answers

The Workshop is Designed For:

Directors, Administrators, and policy makers Accountants and Other Managers/Officials Involved in making and execution of corporate decisions in both the public and private Sectors including Banks, Oil Companies, Insurance Companies, Manufacturing Companies, Service Companies, Trading Organizations, Government Ministries, Parastatals, Agencies, Commissions, Local Governments, etc.