Accounting and managing fixed assets is an essential task for any organization. The fixed assets of organizations are their basic resources that they use in production and creating future profits. In this training course, we discuss the administrative and accounting methods for these assets based on (general standards - from the British Standards Institute PAS55). This course will include 28 points of those standards that help enhance the employment of fixed assets, which are divided into: fixed and strategic assets policy, enhancement elements, administrative controls, and application. Administrative plans, performance evaluation, improvement and administrative review. Fixed asset management and accounting also covers all operations of fixed assets from their creation or acquisition through their operation and maintenance and ending with their renewal or disposal. The management aspect also includes decision-making tools such as NPV, IRR, and budget comparison tools used to decide whether to acquire, replace, or renew assets.

The accounting aspect depends on the International Reporting Standards (IFRS), especially Standard No. 16 related to factory assets and equipment and Standard No. 38 related to intangible assets.

This course covers capital rules for intangible fixed assets and rules for measuring the fair value of assets. In addition to all this, this course covers various methods of depreciation, asset impairment, metrics and accounting.