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Program Objectives: By the end of the program, participants will be able to: - Acquire up-to-date rules covering the managing and accounting for fixed assets.
- Gain knowledge of depreciation management techniques and how they affect their operations.
- Correctly recognize and measure fixed assets.
- Report fixed assets accurately by adhering to internationally recognized conventions.
- Understand how to manage disposals, impairment, sales, and exchange of assets.
This Program is designed for: 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. Prerequisites: None. This program is worth 25 NASBA CPEs. Program Fees: Per participant - USD 3950
Frequent nomination - USD 3555
(including coffee breaks and a buffet lunch daily)
One extra free place for every 2 paid nominees on the same program and dates
Discount Plans, Refunds & Cancellations Policy
Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time. Program Outline: | Introduction - Current Developments
- Importance of Fixed Assets Management
- The Role of Engineers, Accountants, Maintenance Personnel, and Project Managers in Fixed Assets
Concepts, Rules and Examples - Fixed Assets
- Recorded Cost
- Costs Incurred Subsequent to Purchase
- Construction of Tangible Assets for Internal Use
Depreciation Management - Partial-Year Depreciation
- Straight Line Depreciation Method
- Depreciation Method Based on Actual Physical Usage-Units of Production
- Accelerated Depreciation Methods
- Depreciation Computations
- Entry to Record Annual Depreciation
- Accounting Considerations
| | Information and Disclosures - Initial Measurement and Recognition
- Accounting in Subsequent Periods
- Entry to Record Annual Accretion
Important Topics - Other Fixed Assets Activities - Fair Value Measurement
- IFRS and GAAP Considerations
- Depletion
- Asset Retirement Obligations
- Non-Monetary Transactions
- Impairment and Disposal
- Other Impairment Considerations
- Long-Lived Assets to be Disposed of by Sale, and Other than by Sale
- Discontinued Operations
- Long-Lived Assets Temporarily Idled
- Reporting and Disclosures
- Capitalization of Interest Costs
- Leasehold Improvements
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Programs 
