Format: Live instructor-led online training via Zoom / Microsoft Teams

FIXED ASSETS MANAGEMENT AND CONTROL TRAINING COURSE

Introduction

The Fixed Assets Management and Control Training Course is designed to strengthen organizational capacity in asset lifecycle management, asset tracking systems, depreciation accounting, asset register management, capital expenditure control, and fixed asset auditing. Effective fixed asset management is critical for ensuring financial accuracy, regulatory compliance, operational efficiency, and asset safeguarding. Organizations that fail to maintain proper asset control systems often face audit queries, financial misstatements, asset loss, and inefficient capital utilization.

This training equips participants with practical knowledge in asset acquisition procedures, tagging and barcoding systems, depreciation methods (straight-line, reducing balance), asset impairment, revaluation, disposal procedures, and IFRS-compliant accounting treatment. Participants will learn how to establish strong internal controls to prevent asset misappropriation while ensuring accurate reporting in financial statements. The course integrates hands-on exercises in asset register reconciliation and physical asset verification processes.

With increasing emphasis on governance, risk management, and compliance, organizations must implement robust fixed asset control frameworks, capital budgeting systems, asset maintenance strategies, and internal audit mechanisms. This program provides tools and techniques for improving asset utilization, optimizing return on investment (ROI), and strengthening asset accountability across departments. Real-world case studies and practical simulations ensure participants can apply best practices immediately in their workplace.

The Fixed Assets Management and Control Training Course is ideal for finance departments, public sector institutions, NGOs, manufacturing firms, and corporate organizations seeking to improve asset transparency, minimize losses, and enhance financial reporting integrity. By the end of the course, participants will confidently manage the entire asset lifecycle—from acquisition to disposal—while ensuring compliance with accounting standards and organizational policies.

Course Objectives

1. Understand the principles and importance of fixed asset management and control.
2. Develop skills in maintaining accurate fixed asset registers.
3. Apply appropriate depreciation and amortization methods.
4. Implement asset tagging, tracking, and inventory verification systems.
5. Strengthen internal controls for asset safeguarding.
6. Manage asset revaluation, impairment, and disposal procedures.
7. Ensure compliance with accounting standards (IFRS/IPSAS).
8. Conduct asset audits and reconciliation processes.
9. Improve capital expenditure planning and asset budgeting.
10. Apply practical case studies to enhance real-world asset management skills.

Organization Benefits

1. Improved asset accountability and transparency.
2. Reduced risk of asset theft, loss, or misappropriation.
3. Accurate financial reporting and audit compliance.
4. Optimized asset utilization and return on investment (ROI).
5. Strengthened internal control systems.
6. Better capital budgeting and investment decisions.
7. Reduced operational disruptions due to poor asset tracking.
8. Enhanced governance and regulatory compliance.
9. Increased efficiency in asset lifecycle management.
10. Improved audit preparedness and reduced audit queries.

Target Participants

• Accountants and Finance Officers
• Asset Managers and Asset Controllers
• Internal and External Auditors
• Procurement and Logistics Officers
• Storekeepers and Inventory Managers
• Finance Managers and Controllers
• NGO and Public Sector Finance Personnel
• Compliance Officers
• Operations Managers
• Anyone responsible for asset oversight and control

Course Outline

Module 1: Fundamentals of Fixed Assets Management

1. Definition and classification of fixed assets
2. Asset lifecycle management (acquisition to disposal)
3. Capital vs revenue expenditure
4. Asset recognition and capitalization criteria
5. Asset management policies and procedures
6. Case Study: Asset misclassification

Module 2: Fixed Asset Register and Documentation

1. Designing and maintaining asset registers
2. Asset coding, tagging, and barcoding systems
3. Documentation and record-keeping standards
4. Asset location tracking systems
5. Periodic asset verification and reconciliation
6. Case Study: Implementing a digital asset register

Module 3: Depreciation, Impairment, and Revaluation

1. Depreciation methods and calculations
2. Useful life and residual value estimation
3. Asset impairment testing
4. Asset revaluation procedures
5. Accounting entries and financial statement impact
6. Case Study: Depreciation errors affecting financial reporting

Module 4: Internal Controls and Risk Management

1. Segregation of duties in asset management
2. Asset safeguarding and security controls
3. Fraud prevention mechanisms
4. Asset transfer and disposal authorization
5. Risk assessment and mitigation strategies
6. Case Study: Preventing asset theft in a decentralized organization

Module 5: Asset Auditing and Compliance

1. Internal and external asset audits
2. Physical asset count procedures
3. Reconciliation of asset register with general ledger
4. Compliance with IFRS/IPSAS standards
5. Audit reporting and corrective actions
6. Case Study: Resolving audit findings

Module 6: Strategic Asset Planning and Optimization

1. Capital budgeting and investment appraisal
2. Asset maintenance and lifecycle costing
3. Asset replacement strategies
4. Return on asset (ROA) analysis
5. Use of asset management software systems
6. Case Study: Optimizing asset utilization

General Information

1. Customized Training: All our courses can be tailored to meet the specific needs of participants.
2. Language Proficiency: Participants should have a good command of the English language.
3. Comprehensive Learning: Our training includes well-structured presentations, practical exercises, web-based tutorials, and collaborative group work. Our facilitators are seasoned experts with over a decade of experience.
4. Certification: Upon successful completion of training, participants will receive a certificate from Foscore Development Center (FDC-K).
5. Training Locations: Training sessions are conducted at Foscore Development Center (FDC-K) centers. We also offer options for in-house and online training, customized to the client's schedule.
6. Flexible Duration: Course durations are adaptable, and content can be adjusted to fit the required number of days.
7. Onsite Training Inclusions: The course fee for onsite training covers facilitation, training materials, two coffee breaks, a buffet lunch, and a Certificate of Successful Completion. Participants are responsible for their travel expenses, airport transfers, visa applications, dinners, health/accident insurance, and personal expenses.
8. Additional Services: Accommodation, pickup services, freight booking, and visa processing arrangements are available upon request at discounted rates.
9. Equipment: Tablets and laptops can be provided to participants at an additional cost.
10. Post-Training Support: We offer one year of free consultation and coaching after the course.
11. Group Discounts: Register as a group of more than two and enjoy a discount ranging from 10% to 50%.
12. Payment Terms: Payment should be made before the commencement of the training or as mutually agreed upon, to the Foscore Development Center account. This ensures better preparation for your training.
13. Contact Us: For any inquiries, please reach out to us at training@fdc-k.org or call us at +254712260031.
14. Website: Visit our website at www.fdc-k.org for more information.