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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
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