Certificate in Fixed Assets

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

1. Introduction to Fixed Assets
2. Capital Budgeting Analysis
3. Initial Fixed Asset Recognition
4. Interest Capitalization
5. Asset Retirement Obligations
6. Depreciation and Amortization
7. Subsequent Asset Measurement
8. Fixed Asset Impairment
9. Fixed Asset Disposal
10. Fixed Asset Disclosures
11. Not-for-Profit Fixed Asset Accounting
12. Fixed Asset Record Keeping
13. Fixed Asset Controls
14. Fixed Asset Policies and Procedures
15. Fixed Asset Tracking
16. Fixed Asset Measurements
17. Fixed Asset Auditing