Mastering Fixed Assets Management for Future-Proof Financial Leadership
You're under pressure. Budgets are tightening, audit scrutiny is rising, and leadership is demanding more transparency around capital investments. You know fixed assets are critical to financial integrity and long-term value creation, but complexity in tracking, depreciation, compliance, and technology integration is making it harder to stay ahead. What if you could transform confusing spreadsheets, outdated workflows, and fragmented policies into a streamlined, audit-proof system that aligns with strategic goals and drives operational confidence? Imagine walking into your next board meeting with a clear, data-backed fixed asset strategy that strengthens balance sheet accuracy and highlights your leadership capability. The reality is, most finance professionals are stuck using legacy approaches that don’t scale. Missed revaluations, misclassified assets, inconsistent methods - these aren't just errors, they’re risks that erode trust and delay career progression. The gap between compliance and strategic influence is widening - and the accountants who close it will be the ones promoted into CFO roles. That’s exactly what Mastering Fixed Assets Management for Future-Proof Financial Leadership is designed to solve. This course equips you to move from reactive reporting to proactive asset governance - turning fixed asset management into a leadership platform that delivers audit readiness, reporting precision, and cross-functional credibility in just 28 days, with your own fully documented asset policy and board-ready compliance roadmap as proof. One senior financial controller in Dubai used this framework to restructure her company’s $85M asset register. Within three weeks, she identified $7.2M in over-depreciated assets, corrected classification inconsistencies, and presented a unified policy adopted group-wide - leading to her promotion within six months. She didn’t just fix the numbers - she redefined her role. Here’s how this course is structured to help you get there.Course Format & Delivery Details Learn on Your Terms, with No Time Pressure
This course is 100% self-paced, giving you immediate online access to a comprehensive suite of structured learning materials. There are no fixed start dates, deadlines, or weekly modules - you progress at your own speed, from any location, at any time. Most learners complete the core curriculum in 25 to 30 hours, with many applying key principles within the first week. You can begin seeing measurable improvements in your asset register accuracy, reporting efficiency, and policy clarity in under 10 days. Lifetime Access & Continuous Updates
Enroll once and gain permanent access to all course content. This includes every update, revision, and enhancement released in the future - at no additional cost. As accounting standards evolve and new technologies emerge, your knowledge remains current, robust, and aligned with global best practices. Access Anytime, Anywhere, on Any Device
- Access your learning materials 24/7 from desktop, tablet, or mobile
- Continue seamlessly across devices, whether at your desk, on-site, or traveling
- Fully mobile-responsive design ensures smooth reading, navigation, and progress tracking
Expert-Led Support and Guidance
You're not learning in isolation. Your enrollment includes direct access to instructor guidance via structured support channels. Ask specific questions, submit draft policies for feedback, and receive clarity on complex depreciation scenarios - all within a professional, responsive environment designed for working finance professionals. Earn a Globally Recognised Certificate of Completion
Upon finishing the course and passing the final assessment, you’ll receive a formal Certificate of Completion issued by The Art of Service. This credential is recognised by finance leaders across industries and geographies, adding verified expertise to your LinkedIn profile, CV, and promotion narratives. Transparent Pricing, No Hidden Fees
The listed investment covers full access to all modules, resources, assessments, and the final certificate. There are no recurring charges, upsells, or surprise costs. What you see is exactly what you get - a complete, one-time investment in your technical mastery and career trajectory. Accepted Payment Methods
- Visa
- Mastercard
- PayPal
Zero-Risk Enrollment: Satisfied or Refunded
We stand behind the transformational value of this course with a full money-back guarantee. If you complete the first two modules and find the content not meeting your expectations for depth, relevance, or professional utility, simply request a refund. No questions, no hassle - your risk is completely eliminated. Instant Confirmation, Seamless Onboarding
After enrollment, you’ll receive a confirmation email verifying your registration. Shortly after, your access credentials and course entry instructions will be delivered separately, ensuring a smooth start when the materials are fully prepared for your use. This Works Even If You:
- Work in a highly regulated industry like energy, healthcare, or infrastructure
- Manage assets across multiple countries or subsidiaries
- Have inherited a messy, non-standardised asset register
- Use multiple ERP systems or rely on manual Excel tracking
- Feel behind on new accounting standards like IFRS 16 or ASC 842 implications
- Want to shift from technical accountant to strategic finance leader
Finance professionals from multinational corporations, public sector agencies, and mid-sized enterprises have used this system successfully - not because they had perfect data, but because the methodology is designed for real-world complexity, not textbook simplicity. Why This Course Feels Different
You’ve seen courses that overpromise and underdeliver. This is not one of them. Every component has been engineered for practical application, audit defensibility, and leadership visibility. The framework is battle-tested across diverse asset classes, including property, plant, equipment, leased assets, technology infrastructure, and intangible capital. It integrates seamlessly into existing financial systems and creates immediate clarity where ambiguity once lived. Your confidence isn't just hoped for - it’s systematically built through structured exercises, real-world templates, and policy blueprints you can adapt and deploy immediately.
Module 1: Foundations of Fixed Assets in Modern Finance - Defining fixed assets in the context of financial reporting and tax compliance
- Distinguishing between capital and revenue expenditures with real auditors' checklists
- Understanding the strategic importance of accurate fixed asset recording
- The role of fixed assets in EBITDA, net income, and cash flow stability
- Key stakeholders in asset control: accounting, tax, audit, legal, and operations
- Overview of major accounting frameworks: IFRS, GAAP, IPSAS, and local standards
- Common misconceptions about asset classification and capitalisation thresholds
- Impact of poor asset tracking on financial statements and debt covenants
- Case study: How misclassified assets triggered a regulatory restatement
- Developing a fixed asset mindset: from cost centres to value drivers
Module 2: Asset Recognition, Capitalisation, and Initial Measurement - Criteria for asset recognition under IAS 16 and ASC 360
- Setting objective capitalisation thresholds based on materiality and controls
- Including directly attributable costs: installation, freight, professional fees
- Treating borrowing costs during construction periods
- Accounting for donated or transferred fixed assets
- Handling self-constructed assets with step-by-step cost allocation
- Initial measurement of leased assets under IFRS 16 and ASC 842
- Multi-currency asset acquisitions and functional currency considerations
- Determining the capitalisation date with contractual milestones
- Documenting acquisition approvals with audit-ready forms
- Creating a standardised asset request and approval workflow
- Aligning capital spending with annual budget cycles
- Using project codes to track capital work in progress (CWIP)
- Transitioning CWIP to fixed assets upon completion
- Verification checklist for new asset entries
Module 3: Asset Classification and Coding Systems - Designing a logical, scalable asset classification structure
- Aligning with tax depreciation categories to reduce reconciliation work
- Creating unique asset tagging methodologies: sequential, alphanumeric, QR-based
- Mapping asset classes to general ledger account codes
- Standardising descriptions for audit clarity and search efficiency
- Building location-based hierarchies for multinational operations
- Integrating departmental ownership into asset records
- Assigning custodians and physical responsibility
- Developing a central asset register schema
- Designing a classification system that supports tax, insurance, and insurance reporting
- Preparing for integration with ERP systems like SAP, Oracle, or NetSuite
- Handling software, IT hardware, and cloud infrastructure as fixed assets
- Classifying leasehold improvements and tenant fit-outs
- Distinguishing between land and depreciable components
- Handling composite assets and asset groups
Module 4: Depreciation: Principles, Methods, and Policies - Core purpose of depreciation in financial reporting and tax compliance
- Selecting appropriate useful lives based on asset type and usage patterns
- Residual value estimation and reassessment procedures
- Straight-line vs reducing balance vs units-of-production methods
- Activity-based depreciation for vehicles, machinery, and equipment
- Component depreciation: why it's required and how to apply it
- Creating a formal depreciation policy with audit justification
- Aligning accounting and tax depreciation schedules
- Calculating mid-year and partial-period depreciation
- Handling assets added during the financial year
- Revising useful lives and residual values prospectively
- Impact of changes in depreciation methods on financial statements
- Disclosing depreciation policies in financial notes
- Automating depreciation calculations with Excel and ERP tools
- Managing different fiscal calendars across subsidiaries
Module 5: Asset Revaluation and Impairment - Difference between revaluation model and cost model under IFRS
- When revaluation is required or beneficial
- Selecting qualified independent valuers and assessing credibility
- Documenting valuation reports for audit purposes
- Treating revaluation surplus in equity
- Reversing revaluation decreases within limits
- Triggering events for impairment testing
- Determining recoverable amount: fair value less costs to sell vs value in use
- Forecasting future cash flows for value-in-use calculations
- Discount rate selection for impairment models
- Allocating corporate overheads fairly in cash flow projections
- Recognising and reversing impairment losses
- Disclosures required for revaluations and impairments
- Monitoring indicators of obsolescence or market decline
- Automating impairment testing triggers in asset registers
Module 6: Asset Tracking, Physical Verification, and Reconciliation - Designing a risk-based physical verification schedule
- Planning surprise vs scheduled asset audits
- Using mobile tools for on-site tag scanning and validation
- Creating checklists for field auditors and custodians
- Handling missing, damaged, or relocated assets
- Investigating discrepancies between physical and book records
- Documenting verification findings with photo evidence and notes
- Adjusting records for disposals, retirements, or theft
- Integrating findings into year-end audit procedures
- Reconciliation between general ledger and sub-ledger
- Matching fixed asset detail to insurance schedules
- Aligning asset data with property tax filings
- Using cycle counts to maintain continuous accuracy
- Building a culture of asset accountability across departments
- Reporting verification results to management and audit committees
Module 7: Disposals, Retirements, Derecognition, and Gains/Losses - Criteria for derecognition under IAS 16 and ASC 360
- Accounting for full and partial disposals
- Calculating gain or loss on disposal: formula and examples
- Treatment of disposal costs and removal expenses
- Handling trade-ins and asset exchanges
- Retirements without proceeds: scrapping and obsolescence
- Documenting disposals with approval workflows
- Updating the asset register and tag status
- Reporting disposal activity in financial statements
- Disclosing gains and losses in the income statement
- Handling asset transfers between subsidiaries
- Intercompany pricing considerations for asset movements
- Impact of disposals on tax depreciation claims
- Clearing accumulated depreciation accounts correctly
- Auditors’ disposal checklist for clean sign-off
Module 8: Leased Assets and IFRS 16 / ASC 842 Integration - Identifying leases under the new standards: separation of non-lease components
- Assessing lease terms: optional renewals, termination clauses, purchase options
- Determining the discount rate for lease liabilities
- Calculating right-of-use assets and lease liabilities
- Recognising lease expenses: interest and amortisation split
- Treatment of short-term and low-value leases
- Combining leases with service arrangements
- Handling lease modifications and remeasurements
- Disclosing lease obligations in financial statements
- Reconciling lease registers with property and facilities teams
- Using specialised tools for lease accounting compliance
- Managing subleases and assigned leases
- Integrating leased assets into the central register
- Auditing lease disclosures and supporting calculations
- Training teams on lease identification and documentation
Module 9: Tax Depreciation, Capital Allowances, and Reconciliations - Differences between accounting and tax depreciation regimes
- Understanding capital allowance schedules by jurisdiction
- First-year allowances, enhanced deductions, and tax incentives
- Creating a tax vs book depreciation reconciliation template
- Calculating deferred tax assets and liabilities from timing differences
- Disclosing temporary differences in financial notes
- Aligning asset lives for tax and financial reporting where possible
- Handling retroactive tax changes and clawbacks
- Working with tax advisors on fixed asset implications
- Preparing for tax audits with asset documentation
- Reporting on assets for R&D tax credits and investment relief
- Managing pooled asset systems like UK capital allowances
- Tracking assets moved between taxable and non-taxable entities
- Updating records for tax-driven disposals or reclassifications
- Using checklists to ensure full tax compliance
Module 10: Asset Register Design and Data Integrity - Core fields every fixed asset register must include
- Designing data validation rules to reduce errors
- Setting up mandatory fields and dropdowns for consistency
- Version control and archiving historical register states
- Restricting edit access by user role
- Implementing audit trails for all asset changes
- Using Excel templates with data validation and protection
- Designing registers for scalability and reporting
- Automating data imports from procurement and construction systems
- Generating month-end and quarter-end asset reports
- Highlighting upcoming disposals, revaluations, and policy changes
- Creating dashboards for asset age, condition, and replacement planning
- Integrating with Power BI, Tableau, or Google Data Studio
- Ensuring GDPR and data privacy compliance in asset records
- Backups, access controls, and cybersecurity best practices
Module 11: Integration with Enterprise Systems - Understanding fixed asset modules in SAP FICO
- Setting up asset classes and depreciation areas in SAP
- Configuring multicurrency and parallel accounting in asset ledgers
- Oracle Fusion Fixed Assets setup and transaction flow
- NetSuite SuiteFixedAssets: workflow and reporting
- Microsoft Dynamics 365 Finance asset management
- Workday Adaptive Planning for capital forecasting
- Synchronising data between ERP and standalone asset software
- Using APIs for seamless data transfer
- Validating data integrity after system migrations
- Running system-generated depreciation reports
- Setting up approval workflows in financial systems
- Automating asset creation from purchase orders
- Handling intercompany asset transfers in ERP
- Conducting system user training and role configuration
Module 12: Internal Controls and Audit Preparation - Designing segregation of duties for asset transactions
- Required controls for authorisation, recording, and verification
- Documenting control procedures for SOX and internal audit
- Sample size calculation for audit testing
- Preparing workpapers for fixed asset testing
- Responding to auditor inquiries and requests
- Creating a fixed asset audit binder: checklists and templates
- Addressing material weaknesses in asset controls
- Implementing change management for policy updates
- Using control matrices to map risks and responses
- Monitoring control effectiveness with self-assessment
- Reporting control status to audit committees
- Aligning with ISO 55000 and other asset management standards
- Conducting periodic control reviews and updates
- Training operations teams on control compliance
Module 13: Future-Proofing and Strategic Asset Governance - Integrating fixed assets into long-term capital planning
- Building 5-year replacement and renewal forecasts
- Using asset age profiles to predict maintenance spend
- Linking asset performance to operational KPIs
- Creating an enterprise asset management (EAM) roadmap
- Leveraging data for CAPEX business cases
- Engaging with asset-intensive departments: facilities, IT, engineering
- Transitioning from record-keeper to strategic advisor
- Demonstrating ROI of fixed asset improvements
- Using fixed assets as a platform for ESG and sustainability reporting
- Tracking green assets and energy-efficient investments
- Supporting net zero and carbon reduction goals through asset data
- Utilising digital twins and IoT for asset monitoring
- Preparing for AI-driven forecasting and anomaly detection
- Building a legacy of audit-ready, transparent financial leadership
Module 14: Policy Development, Documentation, and Certification - Writing a comprehensive fixed asset policy document
- Incorporating capitalisation thresholds, depreciation methods, and controls
- Defining physical verification procedures and responsibilities
- Setting revaluation, impairment, and disposal protocols
- Guidelines for leased assets and tax alignment
- Obtaining board or CFO sign-off on the final policy
- Distributing and training teams on policy compliance
- Reviewing and updating policy annually
- Using the policy as a training tool for new hires
- Creating a policy appendix with templates and forms
- Submitting your final project for review
- Completing the certification assessment
- Receiving your Certificate of Completion from The Art of Service
- Adding the credential to your professional profiles
- Planning next steps: advanced audit roles, CAPEX leadership, or CFO track
- Defining fixed assets in the context of financial reporting and tax compliance
- Distinguishing between capital and revenue expenditures with real auditors' checklists
- Understanding the strategic importance of accurate fixed asset recording
- The role of fixed assets in EBITDA, net income, and cash flow stability
- Key stakeholders in asset control: accounting, tax, audit, legal, and operations
- Overview of major accounting frameworks: IFRS, GAAP, IPSAS, and local standards
- Common misconceptions about asset classification and capitalisation thresholds
- Impact of poor asset tracking on financial statements and debt covenants
- Case study: How misclassified assets triggered a regulatory restatement
- Developing a fixed asset mindset: from cost centres to value drivers
Module 2: Asset Recognition, Capitalisation, and Initial Measurement - Criteria for asset recognition under IAS 16 and ASC 360
- Setting objective capitalisation thresholds based on materiality and controls
- Including directly attributable costs: installation, freight, professional fees
- Treating borrowing costs during construction periods
- Accounting for donated or transferred fixed assets
- Handling self-constructed assets with step-by-step cost allocation
- Initial measurement of leased assets under IFRS 16 and ASC 842
- Multi-currency asset acquisitions and functional currency considerations
- Determining the capitalisation date with contractual milestones
- Documenting acquisition approvals with audit-ready forms
- Creating a standardised asset request and approval workflow
- Aligning capital spending with annual budget cycles
- Using project codes to track capital work in progress (CWIP)
- Transitioning CWIP to fixed assets upon completion
- Verification checklist for new asset entries
Module 3: Asset Classification and Coding Systems - Designing a logical, scalable asset classification structure
- Aligning with tax depreciation categories to reduce reconciliation work
- Creating unique asset tagging methodologies: sequential, alphanumeric, QR-based
- Mapping asset classes to general ledger account codes
- Standardising descriptions for audit clarity and search efficiency
- Building location-based hierarchies for multinational operations
- Integrating departmental ownership into asset records
- Assigning custodians and physical responsibility
- Developing a central asset register schema
- Designing a classification system that supports tax, insurance, and insurance reporting
- Preparing for integration with ERP systems like SAP, Oracle, or NetSuite
- Handling software, IT hardware, and cloud infrastructure as fixed assets
- Classifying leasehold improvements and tenant fit-outs
- Distinguishing between land and depreciable components
- Handling composite assets and asset groups
Module 4: Depreciation: Principles, Methods, and Policies - Core purpose of depreciation in financial reporting and tax compliance
- Selecting appropriate useful lives based on asset type and usage patterns
- Residual value estimation and reassessment procedures
- Straight-line vs reducing balance vs units-of-production methods
- Activity-based depreciation for vehicles, machinery, and equipment
- Component depreciation: why it's required and how to apply it
- Creating a formal depreciation policy with audit justification
- Aligning accounting and tax depreciation schedules
- Calculating mid-year and partial-period depreciation
- Handling assets added during the financial year
- Revising useful lives and residual values prospectively
- Impact of changes in depreciation methods on financial statements
- Disclosing depreciation policies in financial notes
- Automating depreciation calculations with Excel and ERP tools
- Managing different fiscal calendars across subsidiaries
Module 5: Asset Revaluation and Impairment - Difference between revaluation model and cost model under IFRS
- When revaluation is required or beneficial
- Selecting qualified independent valuers and assessing credibility
- Documenting valuation reports for audit purposes
- Treating revaluation surplus in equity
- Reversing revaluation decreases within limits
- Triggering events for impairment testing
- Determining recoverable amount: fair value less costs to sell vs value in use
- Forecasting future cash flows for value-in-use calculations
- Discount rate selection for impairment models
- Allocating corporate overheads fairly in cash flow projections
- Recognising and reversing impairment losses
- Disclosures required for revaluations and impairments
- Monitoring indicators of obsolescence or market decline
- Automating impairment testing triggers in asset registers
Module 6: Asset Tracking, Physical Verification, and Reconciliation - Designing a risk-based physical verification schedule
- Planning surprise vs scheduled asset audits
- Using mobile tools for on-site tag scanning and validation
- Creating checklists for field auditors and custodians
- Handling missing, damaged, or relocated assets
- Investigating discrepancies between physical and book records
- Documenting verification findings with photo evidence and notes
- Adjusting records for disposals, retirements, or theft
- Integrating findings into year-end audit procedures
- Reconciliation between general ledger and sub-ledger
- Matching fixed asset detail to insurance schedules
- Aligning asset data with property tax filings
- Using cycle counts to maintain continuous accuracy
- Building a culture of asset accountability across departments
- Reporting verification results to management and audit committees
Module 7: Disposals, Retirements, Derecognition, and Gains/Losses - Criteria for derecognition under IAS 16 and ASC 360
- Accounting for full and partial disposals
- Calculating gain or loss on disposal: formula and examples
- Treatment of disposal costs and removal expenses
- Handling trade-ins and asset exchanges
- Retirements without proceeds: scrapping and obsolescence
- Documenting disposals with approval workflows
- Updating the asset register and tag status
- Reporting disposal activity in financial statements
- Disclosing gains and losses in the income statement
- Handling asset transfers between subsidiaries
- Intercompany pricing considerations for asset movements
- Impact of disposals on tax depreciation claims
- Clearing accumulated depreciation accounts correctly
- Auditors’ disposal checklist for clean sign-off
Module 8: Leased Assets and IFRS 16 / ASC 842 Integration - Identifying leases under the new standards: separation of non-lease components
- Assessing lease terms: optional renewals, termination clauses, purchase options
- Determining the discount rate for lease liabilities
- Calculating right-of-use assets and lease liabilities
- Recognising lease expenses: interest and amortisation split
- Treatment of short-term and low-value leases
- Combining leases with service arrangements
- Handling lease modifications and remeasurements
- Disclosing lease obligations in financial statements
- Reconciling lease registers with property and facilities teams
- Using specialised tools for lease accounting compliance
- Managing subleases and assigned leases
- Integrating leased assets into the central register
- Auditing lease disclosures and supporting calculations
- Training teams on lease identification and documentation
Module 9: Tax Depreciation, Capital Allowances, and Reconciliations - Differences between accounting and tax depreciation regimes
- Understanding capital allowance schedules by jurisdiction
- First-year allowances, enhanced deductions, and tax incentives
- Creating a tax vs book depreciation reconciliation template
- Calculating deferred tax assets and liabilities from timing differences
- Disclosing temporary differences in financial notes
- Aligning asset lives for tax and financial reporting where possible
- Handling retroactive tax changes and clawbacks
- Working with tax advisors on fixed asset implications
- Preparing for tax audits with asset documentation
- Reporting on assets for R&D tax credits and investment relief
- Managing pooled asset systems like UK capital allowances
- Tracking assets moved between taxable and non-taxable entities
- Updating records for tax-driven disposals or reclassifications
- Using checklists to ensure full tax compliance
Module 10: Asset Register Design and Data Integrity - Core fields every fixed asset register must include
- Designing data validation rules to reduce errors
- Setting up mandatory fields and dropdowns for consistency
- Version control and archiving historical register states
- Restricting edit access by user role
- Implementing audit trails for all asset changes
- Using Excel templates with data validation and protection
- Designing registers for scalability and reporting
- Automating data imports from procurement and construction systems
- Generating month-end and quarter-end asset reports
- Highlighting upcoming disposals, revaluations, and policy changes
- Creating dashboards for asset age, condition, and replacement planning
- Integrating with Power BI, Tableau, or Google Data Studio
- Ensuring GDPR and data privacy compliance in asset records
- Backups, access controls, and cybersecurity best practices
Module 11: Integration with Enterprise Systems - Understanding fixed asset modules in SAP FICO
- Setting up asset classes and depreciation areas in SAP
- Configuring multicurrency and parallel accounting in asset ledgers
- Oracle Fusion Fixed Assets setup and transaction flow
- NetSuite SuiteFixedAssets: workflow and reporting
- Microsoft Dynamics 365 Finance asset management
- Workday Adaptive Planning for capital forecasting
- Synchronising data between ERP and standalone asset software
- Using APIs for seamless data transfer
- Validating data integrity after system migrations
- Running system-generated depreciation reports
- Setting up approval workflows in financial systems
- Automating asset creation from purchase orders
- Handling intercompany asset transfers in ERP
- Conducting system user training and role configuration
Module 12: Internal Controls and Audit Preparation - Designing segregation of duties for asset transactions
- Required controls for authorisation, recording, and verification
- Documenting control procedures for SOX and internal audit
- Sample size calculation for audit testing
- Preparing workpapers for fixed asset testing
- Responding to auditor inquiries and requests
- Creating a fixed asset audit binder: checklists and templates
- Addressing material weaknesses in asset controls
- Implementing change management for policy updates
- Using control matrices to map risks and responses
- Monitoring control effectiveness with self-assessment
- Reporting control status to audit committees
- Aligning with ISO 55000 and other asset management standards
- Conducting periodic control reviews and updates
- Training operations teams on control compliance
Module 13: Future-Proofing and Strategic Asset Governance - Integrating fixed assets into long-term capital planning
- Building 5-year replacement and renewal forecasts
- Using asset age profiles to predict maintenance spend
- Linking asset performance to operational KPIs
- Creating an enterprise asset management (EAM) roadmap
- Leveraging data for CAPEX business cases
- Engaging with asset-intensive departments: facilities, IT, engineering
- Transitioning from record-keeper to strategic advisor
- Demonstrating ROI of fixed asset improvements
- Using fixed assets as a platform for ESG and sustainability reporting
- Tracking green assets and energy-efficient investments
- Supporting net zero and carbon reduction goals through asset data
- Utilising digital twins and IoT for asset monitoring
- Preparing for AI-driven forecasting and anomaly detection
- Building a legacy of audit-ready, transparent financial leadership
Module 14: Policy Development, Documentation, and Certification - Writing a comprehensive fixed asset policy document
- Incorporating capitalisation thresholds, depreciation methods, and controls
- Defining physical verification procedures and responsibilities
- Setting revaluation, impairment, and disposal protocols
- Guidelines for leased assets and tax alignment
- Obtaining board or CFO sign-off on the final policy
- Distributing and training teams on policy compliance
- Reviewing and updating policy annually
- Using the policy as a training tool for new hires
- Creating a policy appendix with templates and forms
- Submitting your final project for review
- Completing the certification assessment
- Receiving your Certificate of Completion from The Art of Service
- Adding the credential to your professional profiles
- Planning next steps: advanced audit roles, CAPEX leadership, or CFO track
- Designing a logical, scalable asset classification structure
- Aligning with tax depreciation categories to reduce reconciliation work
- Creating unique asset tagging methodologies: sequential, alphanumeric, QR-based
- Mapping asset classes to general ledger account codes
- Standardising descriptions for audit clarity and search efficiency
- Building location-based hierarchies for multinational operations
- Integrating departmental ownership into asset records
- Assigning custodians and physical responsibility
- Developing a central asset register schema
- Designing a classification system that supports tax, insurance, and insurance reporting
- Preparing for integration with ERP systems like SAP, Oracle, or NetSuite
- Handling software, IT hardware, and cloud infrastructure as fixed assets
- Classifying leasehold improvements and tenant fit-outs
- Distinguishing between land and depreciable components
- Handling composite assets and asset groups
Module 4: Depreciation: Principles, Methods, and Policies - Core purpose of depreciation in financial reporting and tax compliance
- Selecting appropriate useful lives based on asset type and usage patterns
- Residual value estimation and reassessment procedures
- Straight-line vs reducing balance vs units-of-production methods
- Activity-based depreciation for vehicles, machinery, and equipment
- Component depreciation: why it's required and how to apply it
- Creating a formal depreciation policy with audit justification
- Aligning accounting and tax depreciation schedules
- Calculating mid-year and partial-period depreciation
- Handling assets added during the financial year
- Revising useful lives and residual values prospectively
- Impact of changes in depreciation methods on financial statements
- Disclosing depreciation policies in financial notes
- Automating depreciation calculations with Excel and ERP tools
- Managing different fiscal calendars across subsidiaries
Module 5: Asset Revaluation and Impairment - Difference between revaluation model and cost model under IFRS
- When revaluation is required or beneficial
- Selecting qualified independent valuers and assessing credibility
- Documenting valuation reports for audit purposes
- Treating revaluation surplus in equity
- Reversing revaluation decreases within limits
- Triggering events for impairment testing
- Determining recoverable amount: fair value less costs to sell vs value in use
- Forecasting future cash flows for value-in-use calculations
- Discount rate selection for impairment models
- Allocating corporate overheads fairly in cash flow projections
- Recognising and reversing impairment losses
- Disclosures required for revaluations and impairments
- Monitoring indicators of obsolescence or market decline
- Automating impairment testing triggers in asset registers
Module 6: Asset Tracking, Physical Verification, and Reconciliation - Designing a risk-based physical verification schedule
- Planning surprise vs scheduled asset audits
- Using mobile tools for on-site tag scanning and validation
- Creating checklists for field auditors and custodians
- Handling missing, damaged, or relocated assets
- Investigating discrepancies between physical and book records
- Documenting verification findings with photo evidence and notes
- Adjusting records for disposals, retirements, or theft
- Integrating findings into year-end audit procedures
- Reconciliation between general ledger and sub-ledger
- Matching fixed asset detail to insurance schedules
- Aligning asset data with property tax filings
- Using cycle counts to maintain continuous accuracy
- Building a culture of asset accountability across departments
- Reporting verification results to management and audit committees
Module 7: Disposals, Retirements, Derecognition, and Gains/Losses - Criteria for derecognition under IAS 16 and ASC 360
- Accounting for full and partial disposals
- Calculating gain or loss on disposal: formula and examples
- Treatment of disposal costs and removal expenses
- Handling trade-ins and asset exchanges
- Retirements without proceeds: scrapping and obsolescence
- Documenting disposals with approval workflows
- Updating the asset register and tag status
- Reporting disposal activity in financial statements
- Disclosing gains and losses in the income statement
- Handling asset transfers between subsidiaries
- Intercompany pricing considerations for asset movements
- Impact of disposals on tax depreciation claims
- Clearing accumulated depreciation accounts correctly
- Auditors’ disposal checklist for clean sign-off
Module 8: Leased Assets and IFRS 16 / ASC 842 Integration - Identifying leases under the new standards: separation of non-lease components
- Assessing lease terms: optional renewals, termination clauses, purchase options
- Determining the discount rate for lease liabilities
- Calculating right-of-use assets and lease liabilities
- Recognising lease expenses: interest and amortisation split
- Treatment of short-term and low-value leases
- Combining leases with service arrangements
- Handling lease modifications and remeasurements
- Disclosing lease obligations in financial statements
- Reconciling lease registers with property and facilities teams
- Using specialised tools for lease accounting compliance
- Managing subleases and assigned leases
- Integrating leased assets into the central register
- Auditing lease disclosures and supporting calculations
- Training teams on lease identification and documentation
Module 9: Tax Depreciation, Capital Allowances, and Reconciliations - Differences between accounting and tax depreciation regimes
- Understanding capital allowance schedules by jurisdiction
- First-year allowances, enhanced deductions, and tax incentives
- Creating a tax vs book depreciation reconciliation template
- Calculating deferred tax assets and liabilities from timing differences
- Disclosing temporary differences in financial notes
- Aligning asset lives for tax and financial reporting where possible
- Handling retroactive tax changes and clawbacks
- Working with tax advisors on fixed asset implications
- Preparing for tax audits with asset documentation
- Reporting on assets for R&D tax credits and investment relief
- Managing pooled asset systems like UK capital allowances
- Tracking assets moved between taxable and non-taxable entities
- Updating records for tax-driven disposals or reclassifications
- Using checklists to ensure full tax compliance
Module 10: Asset Register Design and Data Integrity - Core fields every fixed asset register must include
- Designing data validation rules to reduce errors
- Setting up mandatory fields and dropdowns for consistency
- Version control and archiving historical register states
- Restricting edit access by user role
- Implementing audit trails for all asset changes
- Using Excel templates with data validation and protection
- Designing registers for scalability and reporting
- Automating data imports from procurement and construction systems
- Generating month-end and quarter-end asset reports
- Highlighting upcoming disposals, revaluations, and policy changes
- Creating dashboards for asset age, condition, and replacement planning
- Integrating with Power BI, Tableau, or Google Data Studio
- Ensuring GDPR and data privacy compliance in asset records
- Backups, access controls, and cybersecurity best practices
Module 11: Integration with Enterprise Systems - Understanding fixed asset modules in SAP FICO
- Setting up asset classes and depreciation areas in SAP
- Configuring multicurrency and parallel accounting in asset ledgers
- Oracle Fusion Fixed Assets setup and transaction flow
- NetSuite SuiteFixedAssets: workflow and reporting
- Microsoft Dynamics 365 Finance asset management
- Workday Adaptive Planning for capital forecasting
- Synchronising data between ERP and standalone asset software
- Using APIs for seamless data transfer
- Validating data integrity after system migrations
- Running system-generated depreciation reports
- Setting up approval workflows in financial systems
- Automating asset creation from purchase orders
- Handling intercompany asset transfers in ERP
- Conducting system user training and role configuration
Module 12: Internal Controls and Audit Preparation - Designing segregation of duties for asset transactions
- Required controls for authorisation, recording, and verification
- Documenting control procedures for SOX and internal audit
- Sample size calculation for audit testing
- Preparing workpapers for fixed asset testing
- Responding to auditor inquiries and requests
- Creating a fixed asset audit binder: checklists and templates
- Addressing material weaknesses in asset controls
- Implementing change management for policy updates
- Using control matrices to map risks and responses
- Monitoring control effectiveness with self-assessment
- Reporting control status to audit committees
- Aligning with ISO 55000 and other asset management standards
- Conducting periodic control reviews and updates
- Training operations teams on control compliance
Module 13: Future-Proofing and Strategic Asset Governance - Integrating fixed assets into long-term capital planning
- Building 5-year replacement and renewal forecasts
- Using asset age profiles to predict maintenance spend
- Linking asset performance to operational KPIs
- Creating an enterprise asset management (EAM) roadmap
- Leveraging data for CAPEX business cases
- Engaging with asset-intensive departments: facilities, IT, engineering
- Transitioning from record-keeper to strategic advisor
- Demonstrating ROI of fixed asset improvements
- Using fixed assets as a platform for ESG and sustainability reporting
- Tracking green assets and energy-efficient investments
- Supporting net zero and carbon reduction goals through asset data
- Utilising digital twins and IoT for asset monitoring
- Preparing for AI-driven forecasting and anomaly detection
- Building a legacy of audit-ready, transparent financial leadership
Module 14: Policy Development, Documentation, and Certification - Writing a comprehensive fixed asset policy document
- Incorporating capitalisation thresholds, depreciation methods, and controls
- Defining physical verification procedures and responsibilities
- Setting revaluation, impairment, and disposal protocols
- Guidelines for leased assets and tax alignment
- Obtaining board or CFO sign-off on the final policy
- Distributing and training teams on policy compliance
- Reviewing and updating policy annually
- Using the policy as a training tool for new hires
- Creating a policy appendix with templates and forms
- Submitting your final project for review
- Completing the certification assessment
- Receiving your Certificate of Completion from The Art of Service
- Adding the credential to your professional profiles
- Planning next steps: advanced audit roles, CAPEX leadership, or CFO track
- Difference between revaluation model and cost model under IFRS
- When revaluation is required or beneficial
- Selecting qualified independent valuers and assessing credibility
- Documenting valuation reports for audit purposes
- Treating revaluation surplus in equity
- Reversing revaluation decreases within limits
- Triggering events for impairment testing
- Determining recoverable amount: fair value less costs to sell vs value in use
- Forecasting future cash flows for value-in-use calculations
- Discount rate selection for impairment models
- Allocating corporate overheads fairly in cash flow projections
- Recognising and reversing impairment losses
- Disclosures required for revaluations and impairments
- Monitoring indicators of obsolescence or market decline
- Automating impairment testing triggers in asset registers
Module 6: Asset Tracking, Physical Verification, and Reconciliation - Designing a risk-based physical verification schedule
- Planning surprise vs scheduled asset audits
- Using mobile tools for on-site tag scanning and validation
- Creating checklists for field auditors and custodians
- Handling missing, damaged, or relocated assets
- Investigating discrepancies between physical and book records
- Documenting verification findings with photo evidence and notes
- Adjusting records for disposals, retirements, or theft
- Integrating findings into year-end audit procedures
- Reconciliation between general ledger and sub-ledger
- Matching fixed asset detail to insurance schedules
- Aligning asset data with property tax filings
- Using cycle counts to maintain continuous accuracy
- Building a culture of asset accountability across departments
- Reporting verification results to management and audit committees
Module 7: Disposals, Retirements, Derecognition, and Gains/Losses - Criteria for derecognition under IAS 16 and ASC 360
- Accounting for full and partial disposals
- Calculating gain or loss on disposal: formula and examples
- Treatment of disposal costs and removal expenses
- Handling trade-ins and asset exchanges
- Retirements without proceeds: scrapping and obsolescence
- Documenting disposals with approval workflows
- Updating the asset register and tag status
- Reporting disposal activity in financial statements
- Disclosing gains and losses in the income statement
- Handling asset transfers between subsidiaries
- Intercompany pricing considerations for asset movements
- Impact of disposals on tax depreciation claims
- Clearing accumulated depreciation accounts correctly
- Auditors’ disposal checklist for clean sign-off
Module 8: Leased Assets and IFRS 16 / ASC 842 Integration - Identifying leases under the new standards: separation of non-lease components
- Assessing lease terms: optional renewals, termination clauses, purchase options
- Determining the discount rate for lease liabilities
- Calculating right-of-use assets and lease liabilities
- Recognising lease expenses: interest and amortisation split
- Treatment of short-term and low-value leases
- Combining leases with service arrangements
- Handling lease modifications and remeasurements
- Disclosing lease obligations in financial statements
- Reconciling lease registers with property and facilities teams
- Using specialised tools for lease accounting compliance
- Managing subleases and assigned leases
- Integrating leased assets into the central register
- Auditing lease disclosures and supporting calculations
- Training teams on lease identification and documentation
Module 9: Tax Depreciation, Capital Allowances, and Reconciliations - Differences between accounting and tax depreciation regimes
- Understanding capital allowance schedules by jurisdiction
- First-year allowances, enhanced deductions, and tax incentives
- Creating a tax vs book depreciation reconciliation template
- Calculating deferred tax assets and liabilities from timing differences
- Disclosing temporary differences in financial notes
- Aligning asset lives for tax and financial reporting where possible
- Handling retroactive tax changes and clawbacks
- Working with tax advisors on fixed asset implications
- Preparing for tax audits with asset documentation
- Reporting on assets for R&D tax credits and investment relief
- Managing pooled asset systems like UK capital allowances
- Tracking assets moved between taxable and non-taxable entities
- Updating records for tax-driven disposals or reclassifications
- Using checklists to ensure full tax compliance
Module 10: Asset Register Design and Data Integrity - Core fields every fixed asset register must include
- Designing data validation rules to reduce errors
- Setting up mandatory fields and dropdowns for consistency
- Version control and archiving historical register states
- Restricting edit access by user role
- Implementing audit trails for all asset changes
- Using Excel templates with data validation and protection
- Designing registers for scalability and reporting
- Automating data imports from procurement and construction systems
- Generating month-end and quarter-end asset reports
- Highlighting upcoming disposals, revaluations, and policy changes
- Creating dashboards for asset age, condition, and replacement planning
- Integrating with Power BI, Tableau, or Google Data Studio
- Ensuring GDPR and data privacy compliance in asset records
- Backups, access controls, and cybersecurity best practices
Module 11: Integration with Enterprise Systems - Understanding fixed asset modules in SAP FICO
- Setting up asset classes and depreciation areas in SAP
- Configuring multicurrency and parallel accounting in asset ledgers
- Oracle Fusion Fixed Assets setup and transaction flow
- NetSuite SuiteFixedAssets: workflow and reporting
- Microsoft Dynamics 365 Finance asset management
- Workday Adaptive Planning for capital forecasting
- Synchronising data between ERP and standalone asset software
- Using APIs for seamless data transfer
- Validating data integrity after system migrations
- Running system-generated depreciation reports
- Setting up approval workflows in financial systems
- Automating asset creation from purchase orders
- Handling intercompany asset transfers in ERP
- Conducting system user training and role configuration
Module 12: Internal Controls and Audit Preparation - Designing segregation of duties for asset transactions
- Required controls for authorisation, recording, and verification
- Documenting control procedures for SOX and internal audit
- Sample size calculation for audit testing
- Preparing workpapers for fixed asset testing
- Responding to auditor inquiries and requests
- Creating a fixed asset audit binder: checklists and templates
- Addressing material weaknesses in asset controls
- Implementing change management for policy updates
- Using control matrices to map risks and responses
- Monitoring control effectiveness with self-assessment
- Reporting control status to audit committees
- Aligning with ISO 55000 and other asset management standards
- Conducting periodic control reviews and updates
- Training operations teams on control compliance
Module 13: Future-Proofing and Strategic Asset Governance - Integrating fixed assets into long-term capital planning
- Building 5-year replacement and renewal forecasts
- Using asset age profiles to predict maintenance spend
- Linking asset performance to operational KPIs
- Creating an enterprise asset management (EAM) roadmap
- Leveraging data for CAPEX business cases
- Engaging with asset-intensive departments: facilities, IT, engineering
- Transitioning from record-keeper to strategic advisor
- Demonstrating ROI of fixed asset improvements
- Using fixed assets as a platform for ESG and sustainability reporting
- Tracking green assets and energy-efficient investments
- Supporting net zero and carbon reduction goals through asset data
- Utilising digital twins and IoT for asset monitoring
- Preparing for AI-driven forecasting and anomaly detection
- Building a legacy of audit-ready, transparent financial leadership
Module 14: Policy Development, Documentation, and Certification - Writing a comprehensive fixed asset policy document
- Incorporating capitalisation thresholds, depreciation methods, and controls
- Defining physical verification procedures and responsibilities
- Setting revaluation, impairment, and disposal protocols
- Guidelines for leased assets and tax alignment
- Obtaining board or CFO sign-off on the final policy
- Distributing and training teams on policy compliance
- Reviewing and updating policy annually
- Using the policy as a training tool for new hires
- Creating a policy appendix with templates and forms
- Submitting your final project for review
- Completing the certification assessment
- Receiving your Certificate of Completion from The Art of Service
- Adding the credential to your professional profiles
- Planning next steps: advanced audit roles, CAPEX leadership, or CFO track
- Criteria for derecognition under IAS 16 and ASC 360
- Accounting for full and partial disposals
- Calculating gain or loss on disposal: formula and examples
- Treatment of disposal costs and removal expenses
- Handling trade-ins and asset exchanges
- Retirements without proceeds: scrapping and obsolescence
- Documenting disposals with approval workflows
- Updating the asset register and tag status
- Reporting disposal activity in financial statements
- Disclosing gains and losses in the income statement
- Handling asset transfers between subsidiaries
- Intercompany pricing considerations for asset movements
- Impact of disposals on tax depreciation claims
- Clearing accumulated depreciation accounts correctly
- Auditors’ disposal checklist for clean sign-off
Module 8: Leased Assets and IFRS 16 / ASC 842 Integration - Identifying leases under the new standards: separation of non-lease components
- Assessing lease terms: optional renewals, termination clauses, purchase options
- Determining the discount rate for lease liabilities
- Calculating right-of-use assets and lease liabilities
- Recognising lease expenses: interest and amortisation split
- Treatment of short-term and low-value leases
- Combining leases with service arrangements
- Handling lease modifications and remeasurements
- Disclosing lease obligations in financial statements
- Reconciling lease registers with property and facilities teams
- Using specialised tools for lease accounting compliance
- Managing subleases and assigned leases
- Integrating leased assets into the central register
- Auditing lease disclosures and supporting calculations
- Training teams on lease identification and documentation
Module 9: Tax Depreciation, Capital Allowances, and Reconciliations - Differences between accounting and tax depreciation regimes
- Understanding capital allowance schedules by jurisdiction
- First-year allowances, enhanced deductions, and tax incentives
- Creating a tax vs book depreciation reconciliation template
- Calculating deferred tax assets and liabilities from timing differences
- Disclosing temporary differences in financial notes
- Aligning asset lives for tax and financial reporting where possible
- Handling retroactive tax changes and clawbacks
- Working with tax advisors on fixed asset implications
- Preparing for tax audits with asset documentation
- Reporting on assets for R&D tax credits and investment relief
- Managing pooled asset systems like UK capital allowances
- Tracking assets moved between taxable and non-taxable entities
- Updating records for tax-driven disposals or reclassifications
- Using checklists to ensure full tax compliance
Module 10: Asset Register Design and Data Integrity - Core fields every fixed asset register must include
- Designing data validation rules to reduce errors
- Setting up mandatory fields and dropdowns for consistency
- Version control and archiving historical register states
- Restricting edit access by user role
- Implementing audit trails for all asset changes
- Using Excel templates with data validation and protection
- Designing registers for scalability and reporting
- Automating data imports from procurement and construction systems
- Generating month-end and quarter-end asset reports
- Highlighting upcoming disposals, revaluations, and policy changes
- Creating dashboards for asset age, condition, and replacement planning
- Integrating with Power BI, Tableau, or Google Data Studio
- Ensuring GDPR and data privacy compliance in asset records
- Backups, access controls, and cybersecurity best practices
Module 11: Integration with Enterprise Systems - Understanding fixed asset modules in SAP FICO
- Setting up asset classes and depreciation areas in SAP
- Configuring multicurrency and parallel accounting in asset ledgers
- Oracle Fusion Fixed Assets setup and transaction flow
- NetSuite SuiteFixedAssets: workflow and reporting
- Microsoft Dynamics 365 Finance asset management
- Workday Adaptive Planning for capital forecasting
- Synchronising data between ERP and standalone asset software
- Using APIs for seamless data transfer
- Validating data integrity after system migrations
- Running system-generated depreciation reports
- Setting up approval workflows in financial systems
- Automating asset creation from purchase orders
- Handling intercompany asset transfers in ERP
- Conducting system user training and role configuration
Module 12: Internal Controls and Audit Preparation - Designing segregation of duties for asset transactions
- Required controls for authorisation, recording, and verification
- Documenting control procedures for SOX and internal audit
- Sample size calculation for audit testing
- Preparing workpapers for fixed asset testing
- Responding to auditor inquiries and requests
- Creating a fixed asset audit binder: checklists and templates
- Addressing material weaknesses in asset controls
- Implementing change management for policy updates
- Using control matrices to map risks and responses
- Monitoring control effectiveness with self-assessment
- Reporting control status to audit committees
- Aligning with ISO 55000 and other asset management standards
- Conducting periodic control reviews and updates
- Training operations teams on control compliance
Module 13: Future-Proofing and Strategic Asset Governance - Integrating fixed assets into long-term capital planning
- Building 5-year replacement and renewal forecasts
- Using asset age profiles to predict maintenance spend
- Linking asset performance to operational KPIs
- Creating an enterprise asset management (EAM) roadmap
- Leveraging data for CAPEX business cases
- Engaging with asset-intensive departments: facilities, IT, engineering
- Transitioning from record-keeper to strategic advisor
- Demonstrating ROI of fixed asset improvements
- Using fixed assets as a platform for ESG and sustainability reporting
- Tracking green assets and energy-efficient investments
- Supporting net zero and carbon reduction goals through asset data
- Utilising digital twins and IoT for asset monitoring
- Preparing for AI-driven forecasting and anomaly detection
- Building a legacy of audit-ready, transparent financial leadership
Module 14: Policy Development, Documentation, and Certification - Writing a comprehensive fixed asset policy document
- Incorporating capitalisation thresholds, depreciation methods, and controls
- Defining physical verification procedures and responsibilities
- Setting revaluation, impairment, and disposal protocols
- Guidelines for leased assets and tax alignment
- Obtaining board or CFO sign-off on the final policy
- Distributing and training teams on policy compliance
- Reviewing and updating policy annually
- Using the policy as a training tool for new hires
- Creating a policy appendix with templates and forms
- Submitting your final project for review
- Completing the certification assessment
- Receiving your Certificate of Completion from The Art of Service
- Adding the credential to your professional profiles
- Planning next steps: advanced audit roles, CAPEX leadership, or CFO track
- Differences between accounting and tax depreciation regimes
- Understanding capital allowance schedules by jurisdiction
- First-year allowances, enhanced deductions, and tax incentives
- Creating a tax vs book depreciation reconciliation template
- Calculating deferred tax assets and liabilities from timing differences
- Disclosing temporary differences in financial notes
- Aligning asset lives for tax and financial reporting where possible
- Handling retroactive tax changes and clawbacks
- Working with tax advisors on fixed asset implications
- Preparing for tax audits with asset documentation
- Reporting on assets for R&D tax credits and investment relief
- Managing pooled asset systems like UK capital allowances
- Tracking assets moved between taxable and non-taxable entities
- Updating records for tax-driven disposals or reclassifications
- Using checklists to ensure full tax compliance
Module 10: Asset Register Design and Data Integrity - Core fields every fixed asset register must include
- Designing data validation rules to reduce errors
- Setting up mandatory fields and dropdowns for consistency
- Version control and archiving historical register states
- Restricting edit access by user role
- Implementing audit trails for all asset changes
- Using Excel templates with data validation and protection
- Designing registers for scalability and reporting
- Automating data imports from procurement and construction systems
- Generating month-end and quarter-end asset reports
- Highlighting upcoming disposals, revaluations, and policy changes
- Creating dashboards for asset age, condition, and replacement planning
- Integrating with Power BI, Tableau, or Google Data Studio
- Ensuring GDPR and data privacy compliance in asset records
- Backups, access controls, and cybersecurity best practices
Module 11: Integration with Enterprise Systems - Understanding fixed asset modules in SAP FICO
- Setting up asset classes and depreciation areas in SAP
- Configuring multicurrency and parallel accounting in asset ledgers
- Oracle Fusion Fixed Assets setup and transaction flow
- NetSuite SuiteFixedAssets: workflow and reporting
- Microsoft Dynamics 365 Finance asset management
- Workday Adaptive Planning for capital forecasting
- Synchronising data between ERP and standalone asset software
- Using APIs for seamless data transfer
- Validating data integrity after system migrations
- Running system-generated depreciation reports
- Setting up approval workflows in financial systems
- Automating asset creation from purchase orders
- Handling intercompany asset transfers in ERP
- Conducting system user training and role configuration
Module 12: Internal Controls and Audit Preparation - Designing segregation of duties for asset transactions
- Required controls for authorisation, recording, and verification
- Documenting control procedures for SOX and internal audit
- Sample size calculation for audit testing
- Preparing workpapers for fixed asset testing
- Responding to auditor inquiries and requests
- Creating a fixed asset audit binder: checklists and templates
- Addressing material weaknesses in asset controls
- Implementing change management for policy updates
- Using control matrices to map risks and responses
- Monitoring control effectiveness with self-assessment
- Reporting control status to audit committees
- Aligning with ISO 55000 and other asset management standards
- Conducting periodic control reviews and updates
- Training operations teams on control compliance
Module 13: Future-Proofing and Strategic Asset Governance - Integrating fixed assets into long-term capital planning
- Building 5-year replacement and renewal forecasts
- Using asset age profiles to predict maintenance spend
- Linking asset performance to operational KPIs
- Creating an enterprise asset management (EAM) roadmap
- Leveraging data for CAPEX business cases
- Engaging with asset-intensive departments: facilities, IT, engineering
- Transitioning from record-keeper to strategic advisor
- Demonstrating ROI of fixed asset improvements
- Using fixed assets as a platform for ESG and sustainability reporting
- Tracking green assets and energy-efficient investments
- Supporting net zero and carbon reduction goals through asset data
- Utilising digital twins and IoT for asset monitoring
- Preparing for AI-driven forecasting and anomaly detection
- Building a legacy of audit-ready, transparent financial leadership
Module 14: Policy Development, Documentation, and Certification - Writing a comprehensive fixed asset policy document
- Incorporating capitalisation thresholds, depreciation methods, and controls
- Defining physical verification procedures and responsibilities
- Setting revaluation, impairment, and disposal protocols
- Guidelines for leased assets and tax alignment
- Obtaining board or CFO sign-off on the final policy
- Distributing and training teams on policy compliance
- Reviewing and updating policy annually
- Using the policy as a training tool for new hires
- Creating a policy appendix with templates and forms
- Submitting your final project for review
- Completing the certification assessment
- Receiving your Certificate of Completion from The Art of Service
- Adding the credential to your professional profiles
- Planning next steps: advanced audit roles, CAPEX leadership, or CFO track
- Understanding fixed asset modules in SAP FICO
- Setting up asset classes and depreciation areas in SAP
- Configuring multicurrency and parallel accounting in asset ledgers
- Oracle Fusion Fixed Assets setup and transaction flow
- NetSuite SuiteFixedAssets: workflow and reporting
- Microsoft Dynamics 365 Finance asset management
- Workday Adaptive Planning for capital forecasting
- Synchronising data between ERP and standalone asset software
- Using APIs for seamless data transfer
- Validating data integrity after system migrations
- Running system-generated depreciation reports
- Setting up approval workflows in financial systems
- Automating asset creation from purchase orders
- Handling intercompany asset transfers in ERP
- Conducting system user training and role configuration
Module 12: Internal Controls and Audit Preparation - Designing segregation of duties for asset transactions
- Required controls for authorisation, recording, and verification
- Documenting control procedures for SOX and internal audit
- Sample size calculation for audit testing
- Preparing workpapers for fixed asset testing
- Responding to auditor inquiries and requests
- Creating a fixed asset audit binder: checklists and templates
- Addressing material weaknesses in asset controls
- Implementing change management for policy updates
- Using control matrices to map risks and responses
- Monitoring control effectiveness with self-assessment
- Reporting control status to audit committees
- Aligning with ISO 55000 and other asset management standards
- Conducting periodic control reviews and updates
- Training operations teams on control compliance
Module 13: Future-Proofing and Strategic Asset Governance - Integrating fixed assets into long-term capital planning
- Building 5-year replacement and renewal forecasts
- Using asset age profiles to predict maintenance spend
- Linking asset performance to operational KPIs
- Creating an enterprise asset management (EAM) roadmap
- Leveraging data for CAPEX business cases
- Engaging with asset-intensive departments: facilities, IT, engineering
- Transitioning from record-keeper to strategic advisor
- Demonstrating ROI of fixed asset improvements
- Using fixed assets as a platform for ESG and sustainability reporting
- Tracking green assets and energy-efficient investments
- Supporting net zero and carbon reduction goals through asset data
- Utilising digital twins and IoT for asset monitoring
- Preparing for AI-driven forecasting and anomaly detection
- Building a legacy of audit-ready, transparent financial leadership
Module 14: Policy Development, Documentation, and Certification - Writing a comprehensive fixed asset policy document
- Incorporating capitalisation thresholds, depreciation methods, and controls
- Defining physical verification procedures and responsibilities
- Setting revaluation, impairment, and disposal protocols
- Guidelines for leased assets and tax alignment
- Obtaining board or CFO sign-off on the final policy
- Distributing and training teams on policy compliance
- Reviewing and updating policy annually
- Using the policy as a training tool for new hires
- Creating a policy appendix with templates and forms
- Submitting your final project for review
- Completing the certification assessment
- Receiving your Certificate of Completion from The Art of Service
- Adding the credential to your professional profiles
- Planning next steps: advanced audit roles, CAPEX leadership, or CFO track
- Integrating fixed assets into long-term capital planning
- Building 5-year replacement and renewal forecasts
- Using asset age profiles to predict maintenance spend
- Linking asset performance to operational KPIs
- Creating an enterprise asset management (EAM) roadmap
- Leveraging data for CAPEX business cases
- Engaging with asset-intensive departments: facilities, IT, engineering
- Transitioning from record-keeper to strategic advisor
- Demonstrating ROI of fixed asset improvements
- Using fixed assets as a platform for ESG and sustainability reporting
- Tracking green assets and energy-efficient investments
- Supporting net zero and carbon reduction goals through asset data
- Utilising digital twins and IoT for asset monitoring
- Preparing for AI-driven forecasting and anomaly detection
- Building a legacy of audit-ready, transparent financial leadership