2 Days Workshop
Introduction
The primary goal of this workshop is to help professionals to gain and in depth knowledge & skills in accounting & managing the fixed assets. Relevant problematic asset management cases will be analyzed and scenario solutions will be discussed in the workshop.
Course Objectives
By the end of this course you will be able to:
Understand Property, Plant And Equipment
Applying Depreciation methods
Reporting Depreciation in the financial statements
Impact of Disposals of property, plant and equipment
Understand Cost Determination and Amortization
Application of Fixed Asset Ratios
Understand Fixed assets Investment Techniques & Time Value of Money
Review Asset Management from Ethics Challenge & Entrepreneurial Decision perspectives
Methodology
Case Study & Group Discussion.
Who Should Attend
Entrepreneurs, Business Managers, Accounting Managers, Supervisors, Executives and Managers and all professionals who are interested in Accounting for Fixed assets.
Special Feature: NOTE: Please bring laptop along
Programmed Outline
Day 1
Module 1: Property, Plant and Equipment
Cost Determination
Land
Land Improvements
Buildings
Machinery and Equipment
Lump-Sum Asset Purchase
Exercises
Module 2: Depreciation
Factors in Computing Depreciation
Depreciation Methods
Straight-Line Method
Units-of-Production Method
Double-Declining-Balance Method
Comparing Depreciation Methods
Change in Estimates for Depreciation
Exercises
Module 3: Reporting Depreciation
Additional Expenditures
Revenue and Capital Expenditures
Comparative analysis
Exercises
Module 4: Disposals of property, plant and equipment
Discarding property, plant and equipment
Selling property, plant and equipment
Exercises
Module 5: Cash Management
Lifeblood of business – Cash Flow Statement
Relationship between cash flow statement and balance sheet
3 streams of cash flow, Operating ,Investing &Financing
How to determine financial health from cash flow pattern
Determining if the company is using internal cash flow to finance growth or relying on external financing
Day 2
Module 6: Working Capital
Working capital defined
Goals of working capital
Cash conversion cycle
Module 7: Cost Determination and Amortization
Patents
Copyrights
Franchises and Licenses
Goodwill
Trademarks and Trade Names
Other Intangible
Exercises
Module 8: Fixed Asset Ratio
Total Asset Turnover
Exercises
Module 9: Fixed Asset Investment Appraisal (Case Study)
Calculate return on investment (ROI),
Calculate net present value (NPV), internal rate of return (IRR), and payback period
Recommendation to proceed or reject based on financial & non financial considerations
Module 10: Asset Management – Case study
Ethics Challenge
Entrepreneurial Decisio