Weak control over fixed assets shows up in audit queries, unexplained maintenance spending, idle equipment and unplanned failures that interrupt services. In both public and private organisations, capital budgets are under pressure and decision makers want proof that existing assets are being used well before new ones are bought.

The Advanced Asset Management (Fixed Assets, ISO 55001) Training Course joins the accounting and engineering views of an asset. Participants begin with registers, tagging, capitalisation policies and reconciliation to the general ledger, then work through depreciation methods, componentisation, revaluation, impairment, disposal and the disclosures required in financial statements. The second half introduces the ISO 55000 family of standards, asset management policy and strategy, lifecycle cost analysis, criticality and risk assessment, condition monitoring and long-term renewal forecasting.

Learning is practical. Participants work with sample registers and cost data, rank assets for maintenance and replacement, and sketch the elements of an ISO 55001 aligned management system for their own organisation. They leave with a prioritised improvement plan that connects finance records, operational data and organisational objectives.

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

• Design and maintain a complete fixed asset register that reconciles to the accounts.
• Apply accounting rules for recognition, depreciation, revaluation, impairment and disposal of assets.
• Plan and conduct asset verification exercises and resolve discrepancies.
• Carry out lifecycle cost analysis to compare options for acquisition, maintenance and replacement.
• Rank assets by criticality and risk to focus maintenance and capital spending.
• Explain the requirements of ISO 55001 and how its clauses fit together.
• Prepare a strategic asset management plan and performance measures for senior management.

The course is suited to those responsible for owning, accounting for or operating physical assets, including:

• Finance managers and fixed asset accountants
• Asset managers and facilities managers
• Maintenance, reliability and plant engineers
• Internal and external auditors
• Procurement and stores managers
• Public sector accountants and county or municipal asset officers
• Utilities, transport and infrastructure operators
• Heads of planning and capital projects
• Quality and risk managers preparing for management system certification

Participants complete the programme with:

• A cleaned-up register template with the fields needed for finance and operations.
• A step-by-step plan for verifying and reconciling assets in their organisation.
• A criticality and risk ranking method applied to a sample asset group.
• A lifecycle cost model they can reuse for repair-or-replace decisions.
• A gap analysis against ISO 55001 requirements.
• A draft outline of an asset management policy and strategic plan.

Sessions blend accounting technique with engineering judgement through:

• Facilitator-led explanations of standards and accounting treatments
• Spreadsheet exercises using sample registers and cost data
• Small-group risk ranking and lifecycle costing workshops
• Case studies from utilities, transport and public sector asset owners
• A closing gap analysis against ISO 55001 clauses

A CPD-accredited Certificate of Completion, issued by Vision Reach Global Consultancy, is awarded to participants who attend the full programme and complete the exercises set during the sessions.