NEVADA | PROFESSIONAL EXPERIENCE

Program Professional Framework

Certified Fixed Assets Professional

Program Overview

Fixed assets often represent the bulk of value in energy, utilities, infrastructure and government entities, yet asset registers are frequently incomplete or out of date. «Certified Fixed Assets Professional» covers the asset lifecycle from capitalisation decisions and componentisation under IAS 16, through depreciation methods, useful-life reviews, revaluation, impairment testing under IAS 36, right-of-use assets under IFRS 16 and disposals. It also addresses asset tagging, physical verification, capital work-in-progress control and reconciliation between the register and the general ledger.

Learning Outcomes

✓Apply capitalisation criteria to distinguish capital expenditure from operating expenses with documented thresholds.
✓Split major assets into significant components and assign useful lives and depreciation methods under IAS 16.
✓Perform an annual useful-life and residual-value review and calculate the effect of changes in estimate.
✓Identify impairment indicators and perform a basic recoverable-amount test under IAS 36.
✓Plan and execute a physical verification exercise and reconcile results to the asset register and ledger.
✓Manage capital work-in-progress and transfer completed projects to the register correctly.

Target Audience

Fixed asset accountants and asset register administrators
Capital projects and CWIP accountants
Financial controllers in asset-intensive organisations
Internal auditors reviewing asset management

Detailed Program Modules

01Recognition and Capitalisation

Recognition criteria for property, plant and equipment
Capitalisation policy and thresholds
Directly attributable costs and borrowing costs

02Componentisation and Depreciation

Identifying significant components
Straight-line, reducing balance and units-of-production methods
Useful lives, residual values and changes in estimates

03Subsequent Measurement

Cost model versus revaluation model
Major overhauls, spares and replacement parts
Investment property and intangible assets overview

04Impairment and Leases

Impairment indicators and cash-generating units
Recoverable amount calculations under IAS 36
Right-of-use assets under IFRS 16

05Capital Work-in-Progress and Disposals

CWIP tracking and transfer to the register
Disposals, retirements and gain or loss on sale
Decommissioning and restoration obligations

06Asset Register Control

Asset tagging, barcodes and RFID
Physical verification and reconciliation to the ledger
Asset management KPIs and audit readiness

Training Methodology

Interactive expert-led sessions grounded in workplace examples

Case studies and practical exercises drawn from the region

Group workshops with peer review of decisions and deliverables

Formative feedback against clear performance criteria

Applied Project & Assessment

Applied Project

Participants review a sample asset register from an asset-intensive GCC entity, apply a capitalisation policy, componentise two major assets, recalculate depreciation after a useful-life review, test one cash-generating unit for impairment and prepare a verification and reconciliation plan.

Assessment

Short diagnostic at the start, practical tasks linked to each learning outcome, and evaluation of the applied project against published criteria.

University Certificate & International Accreditation

Professional Certificate accredited by City University Malaysia in Certified Fixed Assets Professional

International accreditation: International Auditors Group (IAG)