Accounting for Fixed Assets & Depreciation Training Course

This course provides participants with a solid understanding of accounting principles and practices related to fixed assets and depreciation. It explores the acquisition, valuation, recording, and disposal of fixed assets, as well as methods of calculating and applying depreciation in line with accounting standards. The program equips finance professionals with the knowledge to ensure compliance, accuracy, and transparency in fixed asset management and reporting.

Target Groups

• Accountants and finance professionals
• Fixed asset and property managers
• Auditors and compliance officers
• CFOs and financial controllers
• ERP and accounting system specialists
• Business consultants and advisors
• Students pursuing accounting and finance

Course Objectives

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

1. Understand the principles of fixed asset accounting.
2. Apply recognition and measurement rules for fixed assets.
3. Differentiate between capital expenditure and revenue expenditure.
4. Calculate depreciation using various methods.
5. Comply with IFRS/IAS and local standards on fixed assets and depreciation.
6. Record impairment, revaluation, and disposal of assets.
7. Manage asset registers and tracking systems.
8. Strengthen internal controls around fixed assets.
9. Prepare accurate disclosures in financial statements.
10. Apply practical case studies in asset accounting and depreciation.

Course Modules

Module 1: Introduction to Fixed Assets

• Nature and types of fixed assets
• Importance in financial reporting

Module 2: Recognition & Measurement of Assets

• Initial recognition criteria
• Capital vs. revenue expenditure

Module 3: Depreciation Concepts & Methods

• Straight-line, reducing balance, units of production
• Choosing the appropriate method

Module 4: Asset Valuation & Revaluation

• Fair value measurements
• Revaluation surplus and reserves

Module 5: Impairment of Assets

• Identifying impairment indicators
• Accounting treatment of impaired assets

Module 6: Disposal & Derecognition of Assets

• Recording disposals and gains/losses
• Asset retirement obligations

Module 7: Accounting Standards & Compliance

• IAS 16, IAS 36, and IFRS requirements
• Local GAAP considerations

Module 8: Asset Registers & Controls

• Maintaining and updating fixed asset registers
• Internal controls and verification

Module 9: Depreciation in ERP & Accounting Systems

• Automating depreciation calculations
• Integration with financial systems

Module 10: Practical Applications & Case Studies

• Real-world scenarios of fixed asset accounting
• Best practices for compliance and reporting