Fixed Assets Management COURSE TITLE INTRODUCTION

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COURSE TITLE
Fixed Assets Management
INTRODUCTION
Asset Management has become an increasingly important part of organizational best practices.
Companies have realized that effective asset management can provide real benefits and cost
savings.
The asset management framework provided in this workshop is flexible enough for any organisation.
You can apply it to a single project, a department, or use it as a basis for an enterprise-wide asset
management program.
This practical and highly interactive course rapidly develops the key competencies required by
managers, team leaders, supervisors and first line managers.
COURSE OBJECTIVES
Upon completion of the program, participants will be able to:
 Understand What Are Fixed Assets
 Understand The Influence That Asset Management Can Have On The Profitability Of A
Business
 Understand The Management Of Fixed Assets In A Business Unit
 Apply The Basic Principles Of Asset Management
COURSE OUTLINES
INTRODUCTION TO FIXED ASSETS
 Current Developments in Fixed Assets
 Importance of Fixed Assets Management
 The Role of the Various Stakeholders in Fixed Assets
CONCEPTS, RULES AND EXAMPLES
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Definition of Fixed Assets
Initial Measurement of Fixed Assets
Costs Incurred Subsequent to Purchase
Construction of Tangible Assets for Internal Use
Capitalization of Interest Costs
Asset Retirement Obligations
Recording Annual Accretion
DEPRECIATION MANAGEMENT
 Concept of Component Depreciation
 Partial-Year Depreciation
 Straight Line Depreciation Method
 Depreciation Method Based on Actual Physical Usage - Units of Production
 Accelerated Depreciation Methods
 Depreciation Computations
 Recording Annual Depreciation
 Depletion of Natural Resources
PROPERTY CONTROLS
 Have a Better Appreciation of How to Classify Assets
 Understand What Assets Can Be Grouped or Pooled and What Assets Might Need to Be
Kept Separate to Facilitate Control
 Know the Ways to Tag and Physically Control Assets
 Understand What Responsibility Accounting Means
 Be Able to Answer the Question: What Should or Could Be Expensed vs. What Could or
Should Be Capitalised
FAIR VALUE MEASUREMENT
 Recent Update on Fair Value
 Fixed Assets at Fair Value under IFRS
 Investment Property under IFRS
IMPAIRMENT OF FIXED ASSETS
 Impairment Measurement and Accounting
 Reporting Impairment Loss
 Impairment Indicators and Computation According to IFRS and GAAP
 Treating Reversal of Impairment Loss
ACCOUNTING, REPORTING AND DISCLOSURES
 Non-Monetary Transactions
 Long-Lived Assets to be Disposed of by Sale and Other than by Sale
 Reporting Assets Held for Sale
 Long-Lived Assets Temporarily Idled
 Consideration of Leasehold Improvements
 Fixed Assets Notes in Annual Reports
ACCOUNTING FOR INTANGIBLE ASSETS
 Initial Measurement and Recognition
 Valuation Options under IFRS and GAAP
 Subsequent Expenditures on Intangibles
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WHO SHOULD ATTEND?
Accountants, Managers of fixed assets, Plant Managers and Executives who are managing and
responsible for the fixed asset of the organisation.
METHODOLOGY
2 days of lectures, case studies, role plays and group discussions.
VENUE, DATE & TIME
Venue : Hotel Royal (KL) / Seri Pacific Hotel KL
Date
: 12 & 13 November 2014
Time
: 9:00am to 5:00pm
CURRICULUM VITAE OF TRAINER – SUCHITRA MAHENDRARAJ
Suchitra Mahendraraj is a trainer cum consultant. She is a Fellow of the Chartered Association
of Certified Accountants, UK, an Associate of the Chartered Institute of Management
Accountants, UK, a Chartered Accountant of the Malaysian Institute of Accountants, Certified
Public Accountant of the Malaysian Institute of Certified Public Accountants and an Associate
of the Malaysian Institute of Taxation.
She had been in the Audit and Business Advisory line for 9 years, out of which, 7 years were with
one of the big four accounting firms. While in this line, she has helped to conduct induction
programmes for newly recruited staffs. Subsequently, she moved on to the commercial sector
and had been in a senior financial position.
She had also been in the lecture circuit, lecturing in both Financial Management and
Accounting subjects for diploma and degree programs with various leading institutes. She has
been trained and certified in several leadership and Professional development Programs,
strengthening her ability and skills as a consultant. she is a certified trainer by advanced training
(UK) ltd and Pembangunan Sumber Manusia Berhad (PSMB).
During her working career, she had been involved in various aspects of the clients’ business
from auditing to consulting. She has wide and extensive knowledge in various industries.
Working as a consultant in training, she has contributed to the success of many projects and
programmes. Suchitra’s training style is refreshing and energetic, relaxing her audiences whilst
inspiring them to take action. Innovative, pragmatic and results oriented in her approach,
Suchitra enthuses her clients by always providing a practical style presentation of her material in
a comprehensive, easy to use format of ideas that work and instills a sense of urgency to
produce results. She provides ways on how to transform and enhance existing skills, mental
attitudes and mindsets at all levels, to improve individual and corporate performance,
productivity and everyday results.
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Registration Form
Yes! We are interested in attending the 2-Day Course for Fixed Assets Management dated 12 &
13 November 2014.
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PAYMENT
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ADMINISTRATIVE DETAILS:
Payment: The fee is payable upon registration and paid in advance to the event. Cheque should be crossed and made payable
to ADVISION MANAGEMENT SERVICES.
Cancellation: Please inform us in writing if you intend to cancel. No refunds or carry forward are given to cancellations by
delegates less than 7 days before the event. A 25% administration charge will be retained on other cancellations. Please
substitute an alternative delegate if you wish to avoid cancellation penalties.
Disclaimer: “AdVision Management Services” reserves the right to change the date and to cancel the program should
circumstances beyond its control arise. It also reserves the right to make alternative arrangement without prior notice should
it be necessary to do so.
AdVision Management Services
B-5-8, Plaza Mont Kiara, Mont Kiara, 50480
Kuala Lumpur.
Call Us at 03-6280 8654
Fax Us at 03-6280 8404
Email Us at : [email protected]