Certificate in Fixed Assets Accounting and Management

Why Attend

Fixed assets management and accounting is critical for any organization as fixed assets are the major resources used to produce products and generate future benefits. This course discusses the management and accounting of these 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. The management and accounting of fixed assets covers all life-cycles of fixed assets from creation or acquisition to utilization and maintenance until renewal or disposal. The management part also includes decision making tools such as NPV, IRR and other capital budget comparative tools used to decide whether to acquire, replace or refurbish assets.

The accounting part is based on the International Financial Reporting Standards (IFRS), mainly standard number 16 for property plant and equipment, and IFRS 38 for intangibles. The course covers capitalization rules for fixed assets and intangibles, and rules for measuring assets at fair value. In addition, the course covers various depreciation methods and assets impairment rules, measurement and accounting.

Overview

Course Outline

Schedule & Fees

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

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

Partial-year depreciation
Straight-line depreciation method
Units of production method
Accelerated depreciation methods
Revising depreciation rates

Impairment and disposal

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

$3775

Manila

Country: Philippines

Duration: One week

Date: 20–24 Oct 2025

$3775

Kuala Lumpur

Certificate in Fixed Assets Accounting and Management

Overview

Course Outline

Schedule & Fees

Course Methodology

Course Objectives

Target Audience

Target Competencies

Asset management function

Evaluating investments in assets

Fair value measurement

Initial measurement of long lived assets

Special topics in accounting for fixed assets

Accounting over the life of the asset

Impairment and disposal

$3775

Country: Philippines

Duration: One week

Date: 20–24 Oct 2025

$3775

Country: Malaysia

Duration: One week

Date: 18–22 May 2026