Non-current asset management is a critical aspect of an organization's long-term financial planning and operational efficiency. It involves the effective handling of long-term assets such as land, buildings, machinery, and intangible assets like patents and trademarks. These assets are vital for the growth and sustainability of businesses, and their management ensures that companies maximize their value over time. This training course focuses on the strategies, tools, and techniques needed to manage non-current assets throughout their life cycle, from acquisition to disposal.
Through this training course, participants will gain in-depth knowledge of asset life cycles, depreciation methods, regulatory frameworks, and risk management strategies. The training course will also cover the financial implications of asset management, including how non-current assets impact financial reporting and tax planning. With a mix of theoretical and practical learning, the training course aims to provide participants with the expertise necessary to optimize asset performance, ensure compliance, and reduce the risk of asset obsolescence.
This Energy Training Centre training course will highlight:
- Focus on practical, real-world applications and case studies
- Comprehensive coverage of asset life cycles, from acquisition to disposal
- In-depth understanding of depreciation methods and their impact on financial reporting
- Insight into the legal, tax, and regulatory environment affecting non-current assets
- Techniques for optimizing asset performance and managing risks
- Strategies for improving asset auditing, compliance, and decision-making processes
The Non-Current Asset Management training course is designed to achieve the following objectives:
- Provide an understanding of the role of non-current asset management in an organization
- Introduce asset life cycle concepts, including acquisition, maintenance, and disposal
- Equip participants with knowledge of various depreciation methods and techniques
- Explore the legal and regulatory environment impacting asset management
- Offer tools and strategies for effective asset valuation and optimization
- Foster an understanding of financial reporting requirements for non-current assets
- Promote best practices in asset auditing and compliance
- Enable participants to develop skills for managing asset risk and obsolescence
This training course utilizes a mix of theoretical presentations, case studies, and group discussions to facilitate the learning experience. Emphasis is placed on practical applications through examples and scenario-based exercises, enabling participants to learn by applying concepts directly to real-world situations.
Additionally, participants will engage in group activities designed to encourage collaboration, problem-solving, and critical thinking, ensuring a comprehensive understanding of non-current asset management processes.
The Non-Current Asset Management training course will have the following impacts on an organization:
- Improved efficiency in managing and maintaining non-current assets, reducing operational costs
- Enhanced compliance with financial and regulatory standards, minimizing legal risks
- More accurate asset valuation and depreciation calculations, improving financial reporting
- Optimized asset utilization, contributing to better resource allocation and productivity
- Strengthened ability to manage asset life cycles, improving long-term financial performance
- Better management of asset audits, reducing errors and increasing transparency
- Enhanced risk management capabilities, safeguarding the organization’s assets from obsolescence
- Improved decision-making processes regarding asset acquisition, disposal, and investments
The training course will provide the following personal benefits to participants:
- A deeper understanding of non-current asset management principles and strategies
- Enhanced practical skills for managing the life cycle of non-current assets
- Increased ability to perform asset valuations and depreciation calculations with confidence
- Greater awareness of the legal and regulatory requirements surrounding asset management
- Improved career prospects in finance, accounting, and asset management roles
- Better decision-making skills in managing asset-related risks and opportunities
- Strengthened ability to contribute to the financial and operational success of the organization
- Enhanced problem-solving skills in asset management challenges
This Non-Current Asset Management training course is ideal for professionals involved in the management and oversight of non-current assets. Ideal attendees include:
- Asset managers and asset management teams
- Financial analysts and accountants responsible for asset management
- Procurement and supply chain managers
- Operations managers overseeing long-term assets
- Finance directors and managers responsible for asset reporting
- Compliance officers ensuring adherence to asset regulations
- IT and technology professionals managing software for asset tracking
- Business owners seeking to optimize their asset management strategies
Day One: Introduction to Non-Current Assets and Asset Life Cycle
- Overview of non-current assets and their role in the organization
- Types of non-current assets: tangible and intangible
- Key stages in the asset life cycle: acquisition, utilization, disposal
- The role of asset management in improving organizational performance
- Responsibilities of asset managers and key stakeholders
- Value creation through asset management
Day Two: Depreciation and Asset Valuation Methods
- Depreciation techniques and methods (e.g., straight-line, reducing balance)
- How to calculate depreciation for different types of assets
- Impact of depreciation on financial statements and taxation
- Depreciation schedules and asset life expectancy
- Impairment versus asset valuation
- Methods for determining fair value of non-current assets
Day Three: Regulatory Framework in Asset Management
- Key principals governing non-current assets
- International financial reporting standards (IFRS) and asset management
- Regulatory compliance in asset management and financial reporting
- Tax implications for asset acquisition, valuation, and disposal
- Legal considerations in asset management
- Understanding the role of audits in asset management
Day Four: Asset Acquisition and Disposal
- Best practices for acquiring and purchasing non-current assets
- Evaluating asset performance before purchase
- financial considerations in asset disposal
- Asset auditing procedures
- Legal implications of asset disposal and transfers
- Managing obsolete or impaired assets
Day Five: Optimizing Asset Performance and Risk Management
- Performance monitoring and evaluation techniques for assets
- Identifying and managing asset risks across the life cycle
- Understanding asset obsolescence and planning for asset replacement
- Revisit key concepts of asset management
