Fixed Assets
About Fixed Assets
A fixed asset is a phrase used in accounting to describe assets and property that may not be quickly changed into cash. It is also known as long-lived assets, property, plant, and equipment. Fixed assets are distinct from current assets, which include liquid assets like cash and bank accounts.
Why is Fixed Assets important?
Organizations can keep an eye on their machinery and vehicles, evaluate their state, and keep them in excellent operating order with the help of fixed asset management. They decrease lost inventory, equipment breakdowns, and downtime while increasing the lifetime value of an item.
They assist a business in producing its goods or services in order to generate revenue. They have specific tax and financial statement benefits since they are capitalized and depreciated over time.
Who should take the Fixed Assets Exam?
- Finance and Accounting managers, senior executives, executives
- Any Professional with Basic Knowledge of Accounts
- Beginner Consultants
- End users
- Accountant
Fixed Assets Certification Course Outline
- Introduction to Fixed Assets
- Capital Budgeting Analysis
- Initial Fixed Asset Recognition
- Interest Capitalization
- Asset Retirement Obligations
- Depreciation and Amortization
- Subsequent Asset Measurement
- Fixed Asset Impairment
- Fixed Asset Disposal
- Fixed Asset Disclosures
- Not-for-Profit Fixed Asset Accounting
- Fixed Asset Record Keeping
- Fixed Asset Controls
- Fixed Asset Policies and Procedures
- Fixed Asset Tracking
- Fixed Asset Measurements
- Fixed Asset Auditing