Fixed assets are one of the largest investments on a company's balance sheet, and yet they tend to be poorly controlled. This presents a risk of reporting incorrect asset valuations. In the Fixed Asset Controls course, we cover many types of controls, including those pertaining to fixed asset authorizations, valuation, depreciation, disposal, and theft. We also point out how to reduce the cost of these controls. The intent is to provide the user with a comprehensive set of controls to form the basis for a proper fixed asset accounting system.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the distinction between ghost assets and zombie assets.
Identify the contents of a fixed asset register.
Specify the different types of fixed asset controls.
Major Topics
The Fixed Asset Register
Ghost Assets
Zombie Assets
The Depreciation Problem
Laptop Computer Controls
Reducing the Cost of Fixed Asset Controls
