Financial Asset Management

Course Code: FA34

Course Objective

  • Identifying the main classifications of the assets and the factors influencing the decision to buy and sell the assets and how to prove them in the accounts.
  •  Participant acquires the skill of handling movements related to fixed assets from amortization, replacement and maintenance and repair of assets in accordance with international standards.
  •  Recognition of the revaluation of assets and their conditions and the accounting treatment of the results of revaluations of profits and losses.
  • Provide the participant with the necessary skills to prepare projects and assets balance.
  • Identify the rules and rules of inventory of assets and determine their fair value and presentation in the financial statements in accordance with international standards.

 

Target Audience

  • Participants working in institutions that have a big role in the performance of business
  • Commercial managers
  • Divisional managers
  • Purchasing and supply chain managersProject managers

 

Course Outline

Day 1

Operations related to the acquisition of assets and their accounts

  • Main asset classifications
  • Variables making asset purchase decisions
  • Purchase of assets and record them in books
  • The trade-off between buying or renting a original or manufacturing it
  • Acquisition of assets through finance lease
  • Prepare the original follow up record
  • Assets and projects under implementation

Day 2

Fixed asset transactions are handled in accordance with international standards

  •  Depreciation of assets
  • Scrap the original
  • Maintenance and repair operations
  • Sale of assets in whole or in part
  • Replacement of the original for a fee or free of charge
  • Exclude origin of prescription
  • Asset Control
  • Movement of assets transfer between branches or cost centers or locations

Day 3

Asset management and evaluation

  • Aspects of asset management and preservation
  • Principles and methods of valuation of assets
  • Global asset valuation models and standards
  • Treatment of revaluation gains and losses
  • Take decisions on depreciation, replacement and disposal of assets
  • Methods of asset replacement and disposal
  • Dealing with impairment of assets
  • Asset management and evaluation according to international standards

Day 4

Preparation of investment budget (balance of assets)

  • Its importance and its relation to other budgets
  • Investment budget financing entries
  • Components of the investment budget
  • New projects
  • Expansion and Completion Projects
  • Projects of replacement and renewal
  • Evaluation models of investment projects included in the budget

Day 5

Presentation of assets in final accounts and financial statements according to international standards

  • Link assets to general accounts
  • Asset inventory
  • Address the deficit and the increase in the original account
  • Cases of conversion of stock items into assets or fixed assets into inventory items
  • Assets are stated at cost
  • Assets are presented at net worth
  • Assets are stated at fair value
  • Disclosures relating to assets in the financial statements


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Date & Location

Date : 08 January 2023

Duration : 5 days

Place : Sharm El-Shaikh

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Date : 02 July 2023

Duration : 5 days

Place : Dubai

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Date : 08 October 2023

Duration : 5 days

Place : Cairo

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