Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900
Overview
In this accounting Course you'll learn to maximize your bottom line by discovering everything you need to know about your company’s fixed assets. Maximize your assets and protect your organization's investments with fixed asset accounting skills! In this timely course you will learn to maximize your bottom line by discovering everything you need to know about your company's assets: what assets you have and where they are located…how to make sure they are fully utilized…how to reap the maximum tax benefits…and how to accurately assess their current value in today's economy.
Learning Objectives
Gain a New Perspective on Rules, Regulations, and Tax Codes, as Well As Insurance Requirements
Understand Potential Tax Benefits You May Be Currently Overlooking
Review Requirements for your F/A Manual
Understand F/A Record Keeping, Systems, Current Packages, and Transitions from One System to Another and Identify
Explore and Identify F/A Property Controls
Review Latest Techniques of F/A Identification and Inventory Taking in Context of Current Federal Laws
Learn How to Make F/A Management a Corporate Activity
Learn How You Can Determine F/A Utilization and Value
Understand Method of Accounting for Accumulated F/A Maintenance Costs
To Clearly Distinguish Between Real Personal Property
Consider More Answers to the Question About What Should or Could Be Expensed vs. Capitalized
Evaluate and improve the tax benefits from your fixed assets
Identify the available options of popular F/A software systems
Appraise the value of your assets in today’s economy
Setup systems to get timely, accurate information
How to meet all accounting, tax, insurance and other requirements
Property controls: classification...tags...responsibility accounting applied to fixed assets
Perpetuating the property accounting system
Who Should Attend
This course is designed for accountants, controllers, managers of fixed assets, and other professionals seeking to strengthen their capability in this area.
Accountants
Controllers
Managers of fixed assets
Divisional plant managers
Course Outline
Day 1 — Introduction:
Define and Discuss Who the Stakeholders Are
Understand the Penalty for Not Reconciling Physical Assets with Perpetual Records
Understand How F/A Accounting Relates to Corporate Valuation
Understand GAAP
Day 2 — Fixed Assets on Income Tax Returns
Understand the Tax Codes Affecting Fixed Assets
.Understand What Special Tax Situations Are
Have a Better Chronological Perspective on Tax Legislation
Understand Ad Valorem Taxes
Day 3 — Fixed Asset Records and Risk Management (Insurance)
Understand Risk Management Concerns
Understand the Difference Between Accounting Book Value and Replacement Costs
Understand What Is Needed from F/A Accounting to Substantiatean Insurance Loss
Understand the Requirements of an F/A Property Manual
Day 4 — Record Keeping and Automated Reporting Systems (FAMS)
Understand Which Data Should Be Captured and for Whom
Understand the Variety of Possible F/A Related Reports
Understand Aspects of Record Keeping, System Requirements, Software Features, and Database Considerations
Gain Insight into Vendor Concerns and Considerations
Day 5 — Capturing Fixed Asset Data
Understand and Explore F/A Property Controls
Gain New Insights on How to Have People Become More Cooperative, Informing F/A Accounting about Adds, Deletes, and Moves
Understand the Features and Requirements of CIP
Understand CIP Data Reference Requirements
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
What do Al-Khobraa finance and accounting courses cover?
The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.
Who should attend a finance and accounting course?
These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.
How long are finance and accounting courses, and where are they held?
Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can finance and accounting training be delivered in-house for our team?
Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.