Fixed Asset registers and depreciation – December 2024

Date:

2 December, 2024

Time:

Available from 08:00

Hours:

1 hour

CPD Units:

Category:

Financial Reporting

Group:

Channel 0: Foundation, Channel 1: Compliance

Format:

Webinar

Product Information

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.

What will set you apart

By attending this webinar 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

Welcome & Introduction

Overview of the session and key learning outcomes.

Understanding Fixed Asset Registers

- Definition and importance of fixed asset registers.

- Key components of a fixed asset register.

- Best practices for maintaining accurate registers.

Maintaining Fixed Asset Registers

- Recording acquisitions, disposals, and asset changes.

- Tracking asset lifecycles and ensuring compliance.

Introduction to Depreciation

- What is depreciation and why it’s important.

- Common depreciation methods: straight-line, reducing balance, and units of production.

- Practical examples of applying depreciation.

Fixed Assets and Financial Reporting

- The role of fixed asset registers in financial reporting.

- Compliance with accounting standards.

Q&A Session

- Open discussion and answering participants’ questions

Certificate

The following event is awarded 2 CPD units in Business Education – Financial Reporting

1 unit for 1-hour CPD webinar

1 unit for assessment completed

Presenter/s

Leana van der Merwe

Leana: Leana van der Merwe, with 18+ years in accounting and corporate governance, Leana leads technical support at CIBA and is a recognized thought leader in regulatory compliance.