Identifying the main classifications of the assets and the factors influencing the decision to buy and sell the assets and how to prove them in the accounts.
Participant acquires the skill of handling movements related to fixed assets from amortization, replacement and maintenance and repair of assets in accordance with international standards.
Recognition of the revaluation of assets and their conditions and the accounting treatment of the results of revaluations of profits and losses.
Provide the participant with the necessary skills to prepare projects and assets balance.
Identify the rules and rules of inventory of assets and determine their fair value and presentation in the financial statements in accordance with international standards.
Target Audience
Participants working in institutions that have a big role in the performance of business
Commercial managers
Divisional managers
Purchasing and supply chain managersProject managers
Course Outline
Day 1
Operations related to the acquisition of assets and their accounts
Main asset classifications
Variables making asset purchase decisions
Purchase of assets and record them in books
The trade-off between buying or renting a original or manufacturing it
Acquisition of assets through finance lease
Prepare the original follow up record
Assets and projects under implementation
Day 2
Fixed asset transactions are handled in accordance with international standards
Depreciation of assets
Scrap the original
Maintenance and repair operations
Sale of assets in whole or in part
Replacement of the original for a fee or free of charge
Exclude origin of prescription
Asset Control
Movement of assets transfer between branches or cost centers or locations
Day 3
Asset management and evaluation
Aspects of asset management and preservation
Principles and methods of valuation of assets
Global asset valuation models and standards
Treatment of revaluation gains and losses
Take decisions on depreciation, replacement and disposal of assets
Methods of asset replacement and disposal
Dealing with impairment of assets
Asset management and evaluation according to international standards
Day 4
Preparation of investment budget (balance of assets)
Its importance and its relation to other budgets
Investment budget financing entries
Components of the investment budget
New projects
Expansion and Completion Projects
Projects of replacement and renewal
Evaluation models of investment projects included in the budget
Day 5
Presentation of assets in final accounts and financial statements according to international standards
Link assets to general accounts
Asset inventory
Address the deficit and the increase in the original account
Cases of conversion of stock items into assets or fixed assets into inventory items
Assets are stated at cost
Assets are presented at net worth
Assets are stated at fair value
Disclosures relating to assets in the financial statements