The British Academy for Training and Development offers this training program in Fixed Assets Accounting and Management, aimed at equipping participants with both practical and theoretical knowledge on how to record, manage, track, and evaluate fixed assets in accordance with international accounting standards.

Fixed assets represent one of the most critical elements of any organization’s balance sheet and constitute long-term investments that require careful monitoring to ensure optimal returns and preserve their value. This course enables participants to manage the full asset lifecycle—from acquisition to disposal—covering depreciation, revaluation, and maintenance processes.

The program also covers contemporary concepts and practices related to asset management, including preparing accounting records, applying appropriate depreciation methods, handling accounting adjustments for changes such as sales, impairment, or revaluation, and implementing monitoring and disclosure tools.

Who Should Attend?

• Accountants and financial controllers in both public and private organizations.

• Employees in asset management, inventory, and procurement departments.

• Managers of financial and administrative departments.

• Staff in planning, investment, and financial analysis departments.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Understand accounting principles related to fixed assets according to international standards.

• Record and document transactions associated with the acquisition and disposal of fixed assets.

• Apply the most appropriate depreciation and revaluation methods.

• Prepare periodic reports regarding asset movement and book value.

• Develop effective control systems to protect assets and ensure their sustainability.

• Concept and Importance of Fixed Assets

  • Definition and types of fixed assets.

  • Role of fixed assets in supporting organizational operations.

  • Relationship between assets, productivity, and economic value.

• Classification and Recording of Assets

  • Criteria for classifying fixed assets.

  • Preparing accurate records for each asset.

  • Determining useful life and initial valuation.

• Accounting Entries and Asset Recording

  • Recording purchase, sale, and transfer transactions.

  • Accounting for increases and decreases in asset value.

  • Documenting financial transactions related to assets.

• Determining Historical Cost of Assets

  • Calculating purchase and construction costs.

  • Accounting for additional expenses related to usage.

  • Differentiating between capital expenditures and operational expenses.

• Depreciation Methods

  • Straight-line, declining balance, and production-based depreciation.

  • Selecting the most suitable method for each asset type.

  • Impact of depreciation methods on financial statements.

• Asset Revaluation and Adjustments

  • Revaluating assets when market value changes.

  • Managing major maintenance and repairs.

  • Recording value differences and their impact on financial data.

• Asset Custody and Monitoring Controls

  • Policies for asset check-in and check-out.

  • Managing inventory and usage control.

  • Periodic verification of asset existence and condition.

• Asset Risk Assessment

  • Identifying operational and financial risks.

  • Implementing controls to minimize losses or damage.

  • Preparing risk assessment reports for senior management.

• Financial Reporting of Fixed Assets

  • Preparing asset lists and monthly/annual reports.

  • Providing accurate information for management and external audits.

  • Interpreting data to support financial and administrative decisions.

• Asset Maintenance and Replacement Strategies

  • Analyzing asset economic life and making maintenance decisions.

  • Determining optimal timing for replacement to maximize returns.

  • Aligning maintenance policies with organizational strategy.