Asset Management, Asset Accounting & Asset Register Course

This will focus on asset management considerations (governance) and IPSAS / GRAP compliant asset registers (accounting) as accountant/ auditor. The course specifically focuses on best practices applicable to asset management and the asset lifecycle, as well as IPSAS / GRAP accounting requirements for recognition, measurement and disclosure of asset transactions and balances, together with consideration for the application to the asset register.

1. Asset management principles and context

• Asset management principles, elements and foundation
• Asset types
• Management control over assets
• Asset accounting information

2. The asset life-cycle process

• Asset planning and budgeting
• Asset acquisition
• Asset acquisition and creation
• Operation and maintenance of assets
• Disposal and replacement of assets
• Asset risk management

3. Standards of IPSAS / GRAP pertaining to assets (Property, plant and equipment; Investment property; Intangible assets;  Leases

4. Practical asset register  considerations,

• Asset acquisition
• Asset valuation and value sustainability
• Asset maintenance
• Asset disposal