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Course Outline
Introduction to Fixed Assets for Government
- Concept and classification of fixed assets
- Importance in financial and operational management
- Accounting standards applicable in Ecuador (IFRS – Section 17 / IAS 16)
- Life cycle of a fixed asset
Registration and Control of Fixed Assets for Government
- Policies for asset acquisition and capitalization
- Assignment and labeling
- Management tools and software
- Role of the physical inventory in ensuring accurate tracking and accountability
Valuation and Depreciation for Government
- Depreciation methods (straight-line, units of production, etc.)
- Revaluation and impairment of assets
- Practical depreciation calculations to support financial reporting
- Accounting and tax treatment in compliance with regulations
Legal Framework and Auditing for Government
- SRI regulations related to fixed assets
- Internal control and asset auditing to ensure transparency and integrity
- Supporting documentation and records management for audit readiness
- Common findings in audits and recommended corrective actions
Disposal, Sale, and Final Handling for Government
- Procedures for asset retirement to maintain accurate financial records
- Sale, donation, or dismantling of assets
- Tax and accounting aspects to ensure compliance with legal requirements
- Closing reports and reconciliations to finalize asset transactions
Practical Cases and Local Application (Guayaquil) for Government
- Common issues in institutions in Guayaquil related to fixed asset management
- Case studies from public and private companies to illustrate best practices
- Inventory simulation and asset control exercises to enhance practical skills
- Best practices in the region to improve efficiency and accountability
Summary and Next Steps for Government
Requirements
- An understanding of fundamental accounting principles
- Experience with financial reporting or asset management
- Familiarity with International Financial Reporting Standards (IFRS) or local accounting standards
Audience
- Accountants for government and private sector organizations
- Finance professionals for government entities
- Auditors and internal control personnel for government agencies
14 Hours
Testimonials (3)
workshops, open discussion
Renata Ostrowska - BFF Polska S.A.
Course - Planning and Risk Assessment
The fact that all the standard was reviewed and discussed with some examples, when needed and required.
Ioana
Course - ISO/IEC 27005 Information Security Risk Management
Hakan was very enthusiastic and knowledgeable