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Course Outline
Introduction to Fixed Assets
- Concept and classification of fixed assets.
- Importance in financial and operational management.
- Accounting standards applicable in Ecuador (IFRS – Section 17 / IAS 16).
- The 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 related 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 issues in institutions in Guayaquil.
- Case studies from public and private companies.
- Inventory simulation and asset control.
- Best practices in the region.
Summary and Next Steps
Requirements
- Familiarity with basic accounting principles.
- Experience in financial reporting or asset tracking.
- Knowledge of 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