Fixed Asset registers and depreciation

This webinar will provide members with a foundational understanding of fixed asset registers, their importance in financial reporting, and how to maintain them accurately.

2 CPD units 2 December 2024 1 presenter

What will set you apart

By completing this course you will gain the following competencies

The fundamentals of fixed asset registers and why they are crucial for your financial reporting.
Step-by-step guidance on maintaining and updating your fixed asset register.
Key depreciation methods and how to apply them correctly.
Practical tips for ensuring compliance with accounting standards.
How to streamline the process of tracking assets throughout their lifecycle.

Event breakdown

Overview of the session and key learning outcomes.
Definition and importance of fixed asset registers.
Key components of a fixed asset register.
Best practices for maintaining accurate registers.
Recording acquisitions, disposals, and asset changes.
Tracking asset lifecycles and ensuring compliance.
What is depreciation and why it’s important.
Common depreciation methods: straight-line, reducing balance, and units of production.
Practical examples of applying depreciation.
The role of fixed asset registers in financial reporting.
Compliance with accounting standards.
Open discussion and answering participants’ questions

Category: Financial ReportingType: CPD CourseCPD category: Financial Reporting

Description

This 1-hour webinar provides an essential introduction to fixed asset registers and depreciation, aimed at enhancing your understanding of fixed asset management. You’ll learn how to maintain an accurate fixed asset register, the significance of tracking assets, and the role these registers play in financial reporting. The session will also cover various depreciation methods, helping you apply them effectively in compliance with accounting standards. By the end of the webinar, you’ll have practical insights and tools to manage and maintain fixed assets efficiently within your business or accounting practice. Perfect for CIBA members seeking to strengthen their asset management skills.

Presenters

Leana van der Merwe — Leana van der Merwe is a Chartered Accountant and Registered Auditor with over 18 years of experience in business accounting, audit and corporate governance. A former Audit Director and professional-body Technical and Standards Executive, she has guided more than 14,000 professionals through complex regulatory matters. Leana also serves on the PAFA Technical Advisory Group, the IFAC Anti-Money Laundering Committee and the IFRS Foundation SME Implementation Group.

You will earn a certificate

On successful completion you will receive a certificate for 2 CPD units in Financial Reporting.

Requirements

Laptop, desktop, or mobile device with internet access
Microsoft Edge, Google Chrome, Safari, or Firefox browser