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Vision Reach Global
Procurement, Logistics and Supply Chain Management

Policy and Regulatory Frameworks for Asset Management (Fixed Assets, ISO 55001) Training Course in Ghana

Classroom cohorts in Accra · live online · in-house anywhere in Ghana

Unrecorded vehicles, idle equipment, unreconciled registers and unplanned breakdowns quietly drain budgets, and they regularly feature in audit queries on public bodies, parastatals and corporates. A written policy backed by a disciplined asset system turns that exposure into planned, defensible spending.

Five days walk you through the regulatory and standards landscape that governs physical assets: the ISO 55000 family, public financial management rules on custody and disposal, accounting treatment under IPSAS and IFRS, and internal control expectations. You draft an asset management policy and strategic asset management plan, design a fixed asset register with tagging, verification and reconciliation routines, and apply lifecycle costing, condition assessment, risk-based prioritisation and maintenance planning. Later sessions deal with capitalisation, depreciation, impairment, transfers, disposal and write-off, then close with performance indicators, internal audit and a gap assessment against ISO 55001. Asset managers, finance and accounting officers, stores and procurement staff, facilities and maintenance managers, internal auditors and heads of corporate services will find the material directly usable. Offered in the classroom, online or in-house, with a CPD-accredited certificate on completion.

5 DaysIntermediateClassroom & Virtual & In-HouseCPD-Accredited

About this course

Organisations hold a large share of their value in buildings, plant, vehicles, networks and equipment, yet asset records are often incomplete, out of date or detached from the finance ledger. Auditors increasingly ask for evidence that assets exist, are controlled, are maintained and are disposed of lawfully. Boards, regulators and funders want to see a coherent policy rather than a collection of local practices.

The Policy and Regulatory Frameworks for Asset Management (Fixed Assets, ISO 55001) Training Course starts with the principles of asset management and the structure of the ISO 55001 management system standard: context, leadership, planning, support, operation, performance evaluation and improvement. Participants then connect these requirements to the legal and accounting rules their organisation faces, including capitalisation thresholds, depreciation methods, revaluation, impairment and disposal procedures. Sessions follow an asset from acquisition planning through operation, maintenance, renewal and retirement, with emphasis on documented roles, approvals and records.

Teaching blends short briefings with drafting workshops. Participants prepare policy wording, a register template, a lifecycle plan for a priority asset class and a gap assessment of their own organisation, so that each person returns with working documents and a realistic improvement roadmap.

Training Objectives

By the end of the course, participants will be able to:

  • Explain the structure and intent of ISO 55001 and its relationship to ISO 55000 and ISO 55002.
  • Draft an asset management policy, objectives and strategic asset management plan.
  • Design and maintain a fixed asset register that reconciles to the general ledger.
  • Apply accounting rules for capitalisation, depreciation, impairment and disposal.
  • Use lifecycle costing and risk-based criteria to prioritise maintenance and renewal spending.
  • Establish roles, controls and verification routines that withstand internal and external audit.
  • Carry out a gap assessment against ISO 55001 and prepare an improvement roadmap.

What you'll learn

Explain the structure and intent of ISO 55001 and its relationship to ISO 55000 and ISO 55002.
Draft an asset management policy, objectives and strategic asset management plan.
Design and maintain a fixed asset register that reconciles to the general ledger.
Apply accounting rules for capitalisation, depreciation, impairment and disposal.
Use lifecycle costing and risk-based criteria to prioritise maintenance and renewal spending.
Establish roles, controls and verification routines that withstand internal and external audit.
Carry out a gap assessment against ISO 55001 and prepare an improvement roadmap.

Key Takeaways

Participants leave with:

  • A draft asset management policy ready for adaptation and approval.
  • A fixed asset register template with tagging, location and condition fields.
  • A verification and reconciliation calendar covering counts, tags and ledger checks.
  • A lifecycle cost worksheet for comparing repair, renewal and replacement.
  • A completed ISO 55001 gap checklist for their own organisation.
  • An improvement roadmap with owners, timelines and early wins.

Training Methodology

Learning is structured around documents participants will actually use:

  • Concise briefings on standards, accounting rules and control practice
  • Template-building workshops for policy, register and lifecycle plans
  • Audit-finding case files used to practise root cause analysis and corrective action
  • Group gap assessments scored against ISO 55001 clauses
  • Question-and-answer clinics on participants' own asset challenges

Upcoming cohorts

Register for the Course

Download the Course Brochure

CPD-Accredited

Official invoice & confirmation letter provided

Team discount for 3+ seats

Need help with this booking?

Our training team can help with group pricing, invoicing, or picking the right schedule.

FAQ

Frequently Asked Questions About Policy and Regulatory Frameworks for Asset Management (Fixed Assets, ISO 55001) Training Course in Ghana

Everything you need to know about this course before you register.

Policy and Regulatory Frameworks for Asset Management (Fixed Assets, ISO 55001) Training Course runs as classroom training in Accra, Ghana, in Monday-to-Friday cohorts that start every four weeks. You can also join a live online cohort from anywhere in Ghana, or book it in-house at your organisation's own premises.

Still have questions about Policy and Regulatory Frameworks for Asset Management (Fixed Assets, ISO 55001) Training Course in Ghana? Chat with an advisor·Visit the full FAQ

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What Our Clients Say

VRG brings strategic discipline to complex organizational challenges. Their approach is structured, data-driven, and outcome-focused.

Levis Wabwire

Levis Wabwire

Managing Director

They facilitated our strategy review, we improved departmental KPI alignment by 35% and reduced operational bottlenecks significantly.

David Oketch

David Oketch

Strategy Lead

Employee engagement scores increased following the leadership training program. The difference in accountability culture is evident.

Wendy Albright

Wendy Albright

Program Manager