Course Outline

Introduction to Fixed Assets for Government

  • Concept and Classification of Fixed Assets
  • Importance in Financial and Operational Management for Government
  • Applicable Accounting Standards (IFRS – Section 17 / IAS 16)
  • Life Cycle of a Fixed Asset for Government

Registration and Control of Fixed Assets for Government

  • Policies for Asset Acquisition and Capitalization for Government
  • Assignment and Labeling for Government
  • Management Tools and Software for Government
  • Role of Physical Inventory for Government

Valuation and Depreciation for Government

  • Depreciation Methods (Straight-Line, Units of Production, etc.) for Government
  • Revaluation and Impairment of Assets for Government
  • Practical Depreciation Calculations for Government
  • Accounting and Tax Treatment for Government

Legal Framework and Auditing for Government

  • SRI Regulations Related to Fixed Assets for Government
  • Internal Control and Asset Auditing for Government
  • Supporting Documentation and Records Management for Government
  • Common Findings in Audits for Government

Disposal, Sale, and Final Handling for Government

  • Procedures for Asset Retirement for Government
  • Sale, Donation, or Dismantling for Government
  • Tax and Accounting Aspects for Government
  • Closing Reports and Reconciliations for Government

Practical Cases and Local Application (Guayaquil) for Government

  • Common Issues in Institutions in Guayaquil for Government
  • Case Studies from Public and Private Companies for Government
  • Inventory Simulation and Asset Control for Government
  • Best Practices in the Region for Government

Summary and Next Steps for Government

Requirements

  • An understanding of fundamental accounting principles
  • Experience in financial reporting or asset management
  • Familiarity with International Financial Reporting Standards (IFRS) or applicable local accounting standards

Audience for Government

  • Accountants
  • Finance professionals
  • Auditors and internal control personnel
 14 Hours

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