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Course Outline

Introduction to Fixed Assets

  • Concept and classification of fixed assets
  • Importance in financial and operational management
  • Applicable accounting standards in Ecuador (IFRS – Section 17 / IAS 16)
  • Lifecycle of a fixed asset

Registration and Control of Fixed Assets

  • Policies for asset acquisition and capitalisation
  • Assignment and labelling
  • Management tools and software
  • The role of physical inventory

Valuation and Depreciation

  • Depreciation methods (straight-line, units of production, etc.)
  • Revaluation and impairment of assets
  • Practical depreciation calculations
  • Accounting and tax treatment

Legal Framework and Auditing

  • SRI regulations concerning fixed assets
  • Internal control and asset auditing
  • Supporting documentation and records management
  • Common findings in audits

Disposal, Sale, and Final Handling

  • Procedures for asset retirement
  • Sale, donation, or dismantling
  • Tax and accounting implications
  • Closing reports and reconciliations

Practical Cases and Local Application (Guayaquil)

  • Common issues faced by institutions in Guayaquil
  • Case studies from public and private companies
  • Inventory simulation and asset control
  • Best practices in the region

Summary and Next Steps

Requirements

  • A solid understanding of basic accounting principles
  • Experience with financial reporting or asset tracking
  • Familiarity with IFRS or local accounting standards

Audience

  • Accountants
  • Finance professionals
  • Auditors and internal control personnel
 14 Hours

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