Fixed Asset Management Training Course

Duration 5 days 10 modules · 33 contact hours
Level Intermediate Certificate on completion
Who attends Fixed Asset Accountants, Financial Accountants and others
Fee from USD 1,100 KSh 95,000 for Kenyan organisations
Where 52 cities + online See dates by city
Next start 7 Nov 2026 Course code SD-A-093

Before you join: Participants should understand double-entry bookkeeping, trial balances, financial statements and routine month-end accounting.

Dates & prices

Two start dates a month in every city, and live online on weekdays or weekends. Fees are per participant; classroom fees include tuition, materials, lunch and refreshments, and the certificate.

Suggest a date or city

Showing the next six months. Later dates, other cities and private deliveries for your team are available on request.

Course overview

Fixed assets often represent major investments in property, plant, equipment, vehicles, technology and infrastructure. Weak asset records, unclear capitalisation rules, missing disposals, unsupported useful lives and incomplete impairment reviews can distort financial statements, delay audit close and obscure replacement needs. Finance teams also need reliable links between the fixed asset register, general ledger, procurement records, physical assets and operational custodians.

This course develops the accounting, control and reporting skills required to manage fixed assets through their full life cycle. Participants apply IAS 16 and related IFRS requirements to asset recognition, componentisation, initial measurement, depreciation, subsequent expenditure, revaluation, impairment, disposal and disclosure. The programme also addresses asset-register design, capital project controls, physical verification, reconciliation, asset tagging, lease-related asset records and audit evidence. Participants learn how to investigate common differences between asset registers and the general ledger, establish ownership and custodian records, and produce management information for capital planning.

Instruction combines focused tutor briefings with worked accounting cases, register-review tasks, group analysis and scenario-based decisions. Cases reflect common issues in public infrastructure, manufacturing plants, banking technology estates, vehicle fleets, healthcare equipment and donor-funded projects. Each participant develops a fixed asset management workbook containing practical templates for capitalisation decisions, depreciation review, physical verification, reconciliation, impairment assessment and disposal approval. The course is delivered over five instructor-led days, from 08:30 to 16:30, in classroom locations across 50+ cities or live online. Participants receive a certificate of completion.

The course is suited to finance professionals who already work with accounting records and need greater responsibility for fixed assets, capital expenditure or financial reporting.

What you will be able to do

  • Apply IAS 16 recognition and measurement criteria to fixed asset transactions
  • Design a fixed asset register with fields supporting accounting, custody and audit requirements
  • Calculate depreciation using component accounting, useful-life reviews and residual-value estimates
  • Reconcile fixed asset register balances to the general ledger and investigate differences
  • Assess impairment indicators and prepare IAS 36 impairment calculations and journal entries
  • Account for asset additions, transfers, revaluations, disposals and retirements
  • Plan physical asset verification using tagging, sampling, exception reporting and custodian confirmation
  • Produce fixed asset control reports, disclosure schedules and an improvement action plan

Benefits of attending

For you

  • Make defensible capitalisation and expenditure decisions using documented accounting criteria
  • Identify errors in depreciation, disposals and asset-register data before period close
  • Prepare audit-ready evidence for asset existence, valuation and ownership
  • Contribute confidently to impairment reviews and financial statement disclosures
  • Build a practical improvement plan for a fixed asset process

For your organisation

  • Fewer misstatements arising from missing assets, incorrect depreciation and unrecorded disposals
  • Faster month-end reconciliation between fixed asset registers and general ledger balances
  • Stronger evidence for external audit, internal audit and regulatory review
  • Better capital expenditure decisions through reliable asset cost and condition information
  • Improved accountability for asset custody, verification and retirement approvals

Course modules

10 modules over 5 days

Participants can map the fixed asset life cycle and assign effective accounting and custody controls.

  • Fixed asset life cycle from acquisition approval to disposal
  • Roles of finance, procurement, project teams and asset custodians
  • Control objectives for existence, completeness, valuation, rights and obligations
  • Asset classes, identification codes and register hierarchy design
  • Segregation of duties across purchasing, recording, custody and disposal
  • Audit trail requirements linking source documents, registers and general ledger

Participants can determine whether expenditure qualifies for capitalisation and measure initial asset cost.

  • IAS 16 recognition criteria: probable benefits and reliably measured cost
  • Distinguishing capital expenditure from repairs, maintenance and operating costs
  • Initial cost components: purchase price, directly attributable costs and dismantling
  • Treatment of trade discounts, rebates, taxes and foreign currency invoices
  • Borrowing costs capitalised under IAS 23 qualifying asset requirements
  • Asset acquisition entries for cash purchases, credit purchases and exchanges

Participants can control capital projects from approved spend through transfer into operational assets.

  • Capital expenditure authorisation limits, business cases and project codes
  • Construction work in progress accounting and cost accumulation
  • Project cost review: materials, labour, contractor claims and overheads
  • Commissioning dates and transfer from work in progress
  • Identifying separately depreciable components at project completion
  • Handover documentation for finance, operations and asset custodians

Participants can specify a fixed asset register that supports financial reporting, custody and verification.

  • Mandatory register fields for cost, location, custodian and status
  • Asset identifiers, barcode labels and serial-number recording conventions
  • Linking purchase orders, invoices, project codes and asset records
  • Master-data controls for asset classes, locations and cost centres
  • Change controls for transfers, useful lives and asset status
  • Exception reports for incomplete records, duplicates and missing custodians

Participants can calculate depreciation and account for replacements, upgrades and major inspections.

  • Depreciation methods: straight-line, reducing-balance and units-of-production
  • Useful-life and residual-value estimates supported by operational evidence
  • Component accounting for buildings, infrastructure, aircraft and production equipment
  • Depreciation commencement when assets become available for intended use
  • Subsequent expenditure assessment: replacement, enhancement, repair or maintenance
  • Annual review of depreciation estimates under IAS 8

Participants can apply cost, revaluation and impairment requirements to post-acquisition asset values.

  • Cost model and revaluation model selection under IAS 16
  • Fair value evidence, valuation dates and revaluation frequency
  • Revaluation surplus, impairment loss and accumulated depreciation treatment
  • IAS 36 impairment indicators from damage, obsolescence and market decline
  • Recoverable amount using value in use and fair value
  • Cash-generating units and impairment allocation for corporate assets

Participants can record asset movements and close asset records with appropriate approvals and evidence.

  • Inter-site transfers with custodian acceptance and location updates
  • Asset disposals through sale, scrapping, donation and trade-in
  • Derecognition calculations for proceeds, carrying amount and disposal gain
  • Retirement of missing, damaged or obsolete assets
  • Disposal approval matrices, tender evidence and conflict-of-interest controls
  • IAS 5 held-for-sale classification and presentation requirements

Participants can plan and evaluate physical asset verification activities and resolve count exceptions.

  • Physical verification plans using risk-based selection and sampling
  • Barcode scanning, asset tags and serial-number confirmation procedures
  • Floor-to-sheet and sheet-to-floor testing methods
  • Custodian attestations for remote, portable and shared assets
  • Investigating missing assets, unrecorded assets and duplicate records
  • Count reconciliation, adjustment approval and root-cause reporting

Participants can reconcile asset balances and prepare fixed asset reporting schedules for period close.

  • Fixed asset register reconciliation to general ledger control accounts
  • Opening balance roll-forward: additions, transfers, depreciation and disposals
  • Investigating timing differences, posting errors and duplicate journal entries
  • Month-end close checklist for fixed asset accounting
  • IAS 16 disclosure schedules by asset class and measurement basis
  • Management reports for capital spend, ageing and replacement planning

Participants can prepare audit evidence and prioritise improvements to fixed asset controls and reporting.

  • Audit assertions applied to property, plant and equipment balances
  • Evidence files for additions, disposals, verification and valuation
  • Control testing for approvals, access rights and journal postings
  • Tracking audit findings through owners, due dates and closure evidence
  • Fixed asset policy content: thresholds, useful lives and responsibilities
  • Ninety-day action plan for register and control improvements

Exercises and examples are adapted to each cohort's sectors and roles.

What you take back to work

  1. Fixed asset capitalisation decision tree
  2. Fixed asset register data dictionary
  3. Depreciation and useful-life review template
  4. Physical verification planning checklist
  5. Asset register-to-general-ledger reconciliation model
  6. Fixed asset control improvement action plan

Who should attend

  • Fixed Asset Accountants — need consistent accounting treatments and register controls
  • Financial Accountants — prepare journals, reconciliations and financial statement disclosures
  • Finance Managers — oversee capital expenditure, close processes and audit findings
  • Management Accountants — analyse asset costs, depreciation and replacement requirements
  • Internal Auditors — test asset existence, ownership, valuation and control evidence
  • Capital Project Finance Staff — transfer completed projects into operational asset records

Skills and tools covered

Asset register controlIAS 16 accountingDepreciation calculationImpairment assessmentAsset reconciliationPhysical verification

Tools and standards

IAS 16 Property, Plant and Equipment, IAS 36 Impairment of Assets, IAS 23 Borrowing Costs, IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

How the course runs

Training methodology

The course uses short technical briefings followed by worked accounting cases, register reviews, group exercises and structured calculations. Participants examine capital expenditure requests, asset records, depreciation schedules, physical count exceptions and impairment indicators. Simulations require decisions on recognition, componentisation, revaluation, disposal and reconciliation issues, supported by IAS 16 and IAS 36 references. Facilitated discussion compares control approaches for equipment, technology, property and vehicle assets. Application planning converts course methods into actions for participants' own asset processes.

Requirements and prerequisites

Participants should understand double-entry bookkeeping, trial balances, financial statements and routine month-end accounting. Experience using a general ledger, spreadsheet or enterprise resource planning system is helpful, particularly for reviewing transaction listings and reconciliations. Participants should be comfortable reading accounting policies and performing basic calculations. Prior responsibility for a fixed asset register is not required, and no specialist valuation, engineering or audit qualification is assumed. The course explains relevant IFRS requirements before applying them to accounting and control decisions.

A typical training day

08:30 – 10:30First session
10:30 – 10:45Refreshment break
10:45 – 12:30Second session
12:30 – 13:30Lunch and networking
13:30 – 15:00Third session
15:00 – 15:15Refreshment break
15:15 – 16:30Workshop and daily review

Live online deliveries follow the same structure in East Africa Time, with shorter screen blocks and longer breaks.

What the fee includes

  • Instruction by a practitioner facilitator
  • Full course workbook and materials
  • Exercise files, templates and case studies
  • Refreshments and lunch on classroom deliveries
  • Certificate of completion
  • Post-course application plan

Frequently asked questions

You should understand basic double-entry accounting, financial statements and month-end processes. The course introduces the relevant IFRS requirements before applying them, so previous fixed asset specialist experience is not necessary.

Bring a laptop if you attend in person, as templates and calculation materials may be used during the course. If permitted by your employer, bring a redacted asset register extract, depreciation policy or recent reconciliation issue for application planning.

It is designed for fixed asset accountants, financial accountants, finance managers, management accountants, internal auditors and capital project finance staff. It is especially useful for people taking responsibility for asset registers, capital expenditure or asset close processes.

General financial accounting courses cover broad reporting and close topics across many account balances. This course concentrates on the full fixed asset life cycle, including register design, physical verification, component accounting, impairment and disposal controls.

Participants can use the templates to review capitalisation decisions, test register data, improve depreciation reviews and reconcile assets to the general ledger. The final module helps each participant identify priority control actions for the next 90 days.

Each day runs from 08:30 to 16:30 and provides about 6.5 contact hours. Time is divided between tutor briefings, worked cases, calculations, group analysis, control simulations and application planning across ten teaching modules.

Questions about this course?

Ask about dates, fees, group bookings or running it for your team. Our training team replies by email.

Ask on WhatsApp info@skillsetdevelopment.com

Related courses in Accounting