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Course Outline
Introduction to Fixed Assets
- Concepts and classification of fixed assets
- Significance in financial and operational management
- Accounting standards applicable in Ecuador (IFRS – Section 17 / IAS 16)
- Lifecycle of a fixed asset
Registration and Control of Fixed Assets
- Policies for asset acquisition and capitalization
- Assignment and labeling procedures
- Management tools and software
- The role of physical inventory
Valuation and Depreciation
- Depreciation methods (straight-line, units of production, etc.)
- Revaluation and impairment of assets
- Practical depreciation calculations
- Accounting and tax treatment
Legal Framework and Auditing
- SRI regulations pertaining to fixed assets
- Internal control and asset auditing
- Supporting documentation and records management
- Common findings in audits
Disposal, Sale, and Final Handling
- Procedures for asset retirement
- Sale, donation, or dismantling
- Tax and accounting aspects
- Closing reports and reconciliations
Practical Cases and Local Application (Guayaquil)
- Common challenges faced by institutions in Guayaquil
- Case studies from public and private companies
- Inventory simulation and asset control exercises
- Best practices within the region
Summary and Next Steps
Requirements
- A solid understanding of basic accounting principles
- Experience in financial reporting or asset tracking
- Familiarity with IFRS or local accounting standards
Target Audience
- Accountants
- Finance professionals
- Auditors and internal control personnel
14 Hours
Testimonials (2)
Fun to talk
Jihan Fadila - BAF
Course - Root Cause Analysis (RCA) for Internal Audit
casual conversation supported by specific examples