© AdVision Management Services COURSE TITLE Fixed Assets Management INTRODUCTION Asset Management has become an increasingly important part of organizational best practices. Companies have realized that effective asset management can provide real benefits and cost savings. The asset management framework provided in this workshop is flexible enough for any organisation. You can apply it to a single project, a department, or use it as a basis for an enterprise-wide asset management program. This practical and highly interactive course rapidly develops the key competencies required by managers, team leaders, supervisors and first line managers. COURSE OBJECTIVES Upon completion of the program, participants will be able to:  Understand What Are Fixed Assets  Understand The Influence That Asset Management Can Have On The Profitability Of A Business  Understand The Management Of Fixed Assets In A Business Unit  Apply The Basic Principles Of Asset Management COURSE OUTLINES INTRODUCTION TO FIXED ASSETS  Current Developments in Fixed Assets  Importance of Fixed Assets Management  The Role of the Various Stakeholders in Fixed Assets CONCEPTS, RULES AND EXAMPLES © AdVision Management Services        Definition of Fixed Assets Initial Measurement of Fixed Assets Costs Incurred Subsequent to Purchase Construction of Tangible Assets for Internal Use Capitalization of Interest Costs Asset Retirement Obligations Recording Annual Accretion DEPRECIATION MANAGEMENT  Concept of Component Depreciation  Partial-Year Depreciation  Straight Line Depreciation Method  Depreciation Method Based on Actual Physical Usage - Units of Production  Accelerated Depreciation Methods  Depreciation Computations  Recording Annual Depreciation  Depletion of Natural Resources PROPERTY CONTROLS  Have a Better Appreciation of How to Classify Assets  Understand What Assets Can Be Grouped or Pooled and What Assets Might Need to Be Kept Separate to Facilitate Control  Know the Ways to Tag and Physically Control Assets  Understand What Responsibility Accounting Means  Be Able to Answer the Question: What Should or Could Be Expensed vs. What Could or Should Be Capitalised FAIR VALUE MEASUREMENT  Recent Update on Fair Value  Fixed Assets at Fair Value under IFRS  Investment Property under IFRS IMPAIRMENT OF FIXED ASSETS  Impairment Measurement and Accounting  Reporting Impairment Loss  Impairment Indicators and Computation According to IFRS and GAAP  Treating Reversal of Impairment Loss ACCOUNTING, REPORTING AND DISCLOSURES  Non-Monetary Transactions  Long-Lived Assets to be Disposed of by Sale and Other than by Sale  Reporting Assets Held for Sale  Long-Lived Assets Temporarily Idled  Consideration of Leasehold Improvements  Fixed Assets Notes in Annual Reports ACCOUNTING FOR INTANGIBLE ASSETS  Initial Measurement and Recognition  Valuation Options under IFRS and GAAP  Subsequent Expenditures on Intangibles © AdVision Management Services WHO SHOULD ATTEND? Accountants, Managers of fixed assets, Plant Managers and Executives who are managing and responsible for the fixed asset of the organisation. METHODOLOGY 2 days of lectures, case studies, role plays and group discussions. VENUE, DATE & TIME Venue : Hotel Royal (KL) / Seri Pacific Hotel KL Date : 12 & 13 November 2014 Time : 9:00am to 5:00pm CURRICULUM VITAE OF TRAINER – SUCHITRA MAHENDRARAJ Suchitra Mahendraraj is a trainer cum consultant. She is a Fellow of the Chartered Association of Certified Accountants, UK, an Associate of the Chartered Institute of Management Accountants, UK, a Chartered Accountant of the Malaysian Institute of Accountants, Certified Public Accountant of the Malaysian Institute of Certified Public Accountants and an Associate of the Malaysian Institute of Taxation. She had been in the Audit and Business Advisory line for 9 years, out of which, 7 years were with one of the big four accounting firms. While in this line, she has helped to conduct induction programmes for newly recruited staffs. Subsequently, she moved on to the commercial sector and had been in a senior financial position. She had also been in the lecture circuit, lecturing in both Financial Management and Accounting subjects for diploma and degree programs with various leading institutes. She has been trained and certified in several leadership and Professional development Programs, strengthening her ability and skills as a consultant. she is a certified trainer by advanced training (UK) ltd and Pembangunan Sumber Manusia Berhad (PSMB). During her working career, she had been involved in various aspects of the clients’ business from auditing to consulting. She has wide and extensive knowledge in various industries. Working as a consultant in training, she has contributed to the success of many projects and programmes. Suchitra’s training style is refreshing and energetic, relaxing her audiences whilst inspiring them to take action. Innovative, pragmatic and results oriented in her approach, Suchitra enthuses her clients by always providing a practical style presentation of her material in a comprehensive, easy to use format of ideas that work and instills a sense of urgency to produce results. She provides ways on how to transform and enhance existing skills, mental attitudes and mindsets at all levels, to improve individual and corporate performance, productivity and everyday results. © AdVision Management Services Registration Form Yes! We are interested in attending the 2-Day Course for Fixed Assets Management dated 12 & 13 November 2014. CONTACT DETAILS Company : Address : Email : Tel No: Fax No: Contact Person: Designation: PARTICIPANT DETAILS Participant 1: Designation: Participant 2: Designation: Participant 3: Designation: Participant 4: Designation: Participant 5: Designation: PAYMENT Ringgit Malaysia Cheque No.: Signature & Company Stamp ADMINISTRATIVE DETAILS: Payment: The fee is payable upon registration and paid in advance to the event. Cheque should be crossed and made payable to ADVISION MANAGEMENT SERVICES. Cancellation: Please inform us in writing if you intend to cancel. No refunds or carry forward are given to cancellations by delegates less than 7 days before the event. A 25% administration charge will be retained on other cancellations. Please substitute an alternative delegate if you wish to avoid cancellation penalties. Disclaimer: “AdVision Management Services” reserves the right to change the date and to cancel the program should circumstances beyond its control arise. It also reserves the right to make alternative arrangement without prior notice should it be necessary to do so. AdVision Management Services B-5-8, Plaza Mont Kiara, Mont Kiara, 50480 Kuala Lumpur. Call Us at 03-6280 8654 Fax Us at 03-6280 8404 Email Us at : [email protected]