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Event Description UGBS Executive Development (UGBS-ED) is pleased to invite the general piblic to a three (3) day (weekdays only) training course in Creating and Adminstering a Fixwd Asset Register. Course Description Fixed Assets or Non-Current Assets mostly constitute the biggest proportion of Organization's investment and are very significant for achieving its corporate objectives. Therefore, they must accurately be captured in their respective ledgers and the Fixed Assets Register. Unfortunately, most business do not maiintain Fixed Asset Register (FAR) where fixed assets are to be recorded and managed properly. The inappropriate or non-existence of Fixed Assets Register has always led to misreporting arising from improper measurement of assets values such as depreciation,disposables, impairment, written offs, carrying values etc. For most organizations, there is no link between their financial statements (records) and the physical assets. Regrettably, subsequent costs on these fixed assets such as improvement / enhancement costs which are meant to capitalized are generally expensed. Depreciation is always under / overcharged since the computations are based on the figures in the fixed assets schedule and not the Register. It neither makes no reference to the individual assets value nor their economic useful lives, Sadly, majority of these fixed assets may have been stolen, lost, damaged, obsolote.etc. but yet remain in the fixed assets schedule. Course Objectives The decision to have a Fixed Asset Register is non-negotiable in that it ensures the fixed assets are safeguarded, acurately valued / measured to enriced the financial statements. The Register aids the entity to have a complete record of all its fixed assets which is in adherence to tax & insurance liabilities management, proper internal control, auditing, etc. The adoption of International Public Sector Accounting Standards (IPSAS 17) by Government of Ghana makes it mandatory for all government Ministries, institution, Departments, Agencies, etc. to develop and maintain a credible Fixed Assets Register. The International Accounting Standard (IASM 16) also require private sector entities to maintain a Fixed Assets Register. This course is therefore designed to carefully assist organizations to understand and appreciate how to design and manage a workable Fixed Assets Register. Participants will be taken through a step - by - step approach to create a Fixed Assets Register in a programmed excel, Tailor made software, Pastel Evolution, etc. Course Content
Learning Outcomes By the end of the course, participants will be able to:
How To Participate The course is designed for Financial Controllers, Chief Finance Officers, Accountants, Auditors, Estate Officers or Managers, Fixed Assets Register Managers, Fixed Assets Accountants, Stores Accountant, Stores Keepers, Procurement Officers or Managers, and other line managers with the responsibilities of managing fixed assets. N.B
Contact Details
Telephone: +233 50 339 4283 / +233 20 300 0960 / +233 30 396 4334
Email address: ugbs-ed@ug.gh
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