A fixed asset that isn't tracked properly doesn't just sit quietly on the balance sheet — it quietly erodes the return an organisation expected from it. This Training Course by the Arab British Fellowship Training Academy equips accountants, controllers, and asset managers with everything needed to record, depreciate, revalue, and eventually retire fixed assets in line with international accounting standards, treating the balance sheet as something to actively manage rather than passively report.

Participants work through the full asset lifecycle — from initial costing and classification to monitoring controls, risk assessment, and replacement decisions — building the accounting judgment and reporting discipline that keeps an organisation's asset base both compliant and genuinely productive.

Who Should Attend?

• Accountants and financial controllers in public and private organizations.
• Staff in asset management, inventory, and procurement departments.
• Managers of financial and administrative departments.
• Planning, investment, and financial analysis professionals.

Programme Objectives

By the end of the course, participants will be able to:

• Apply accounting principles for fixed assets under international standards.
• Record and document acquisition, transfer, and disposal transactions accurately.
• Select and apply the most appropriate depreciation and revaluation methods for each asset type.
• Build control systems that protect assets and verify their existence and condition.
• Prepare periodic reports on asset movement and book value for management and audit.
• Make evidence-based maintenance and replacement decisions that protect long-term value.

• Module 1: The Real Cost of Mismanaged Fixed Assets
  • Defining fixed assets and their types within an organisation.
  • How fixed assets support operations and drive productivity.
  • The link between asset condition, economic value, and long-term returns.
• Module 2: Classifying, Recording, and Costing Assets
  • Criteria for classifying fixed assets and setting up accurate asset records.
  • Determining useful life and initial valuation.
  • Recording purchase, sale, and transfer transactions, including accounting for increases and decreases in value.
  • Calculating historical cost: purchase price, construction costs, and related expenses.
  • Distinguishing capital expenditure from operating expenses.
• Module 3: Depreciation and Revaluation Decisions
  • Straight-line, declining-balance, and production-based depreciation methods.
  • Selecting the most suitable method for each asset type and its effect on financial statements.
  • Revaluing assets when market value changes and accounting for major maintenance and repairs.
• Module 4: Custody, Monitoring, and Risk Controls
  • Policies for asset check-in/check-out and inventory control.
  • Periodic verification of asset existence and condition.
  • Identifying operational and financial risks and setting controls to minimise loss or damage.
  • Preparing risk assessment reports for senior management.
• Module 5: Reporting Assets for Decision-Makers
  • Preparing asset lists and monthly/annual reports.
  • Providing accurate data for management review and external audits.
  • Interpreting asset data to support financial and administrative decisions.
• Module 6: Maintenance, Replacement, and Long-Term Value
  • Analysing economic life to guide maintenance decisions.
  • Timing replacement decisions to maximise return.
  • Aligning maintenance policy with overall organisational strategy.