Fundamentals of Asset Management (Fixed Assets, ISO 55001) Training Course

Physical assets such as land, buildings, vehicles, plant, ICT equipment and infrastructure often represent the largest item on an organisation's balance sheet and a major driver of its operating costs. When records are incomplete or out of date, organisations cannot account for what they own, plan maintenance, insure properly or decide sensibly when to repair, replace or dispose. Auditors, boards and regulators increasingly expect clear evidence of asset control.

The Fundamentals of Asset Management (Fixed Assets, ISO 55001) Training Course brings together the financial and engineering views of assets. Participants begin with core concepts and the asset life cycle, then work through building a fixed asset register, recognition and depreciation under international standards, physical verification and safeguarding, and the ISO 55001 management system for planning, risk and performance. The week closes with disposal, reporting and a practical plan for improving asset management in participants' own organisations.

Instruction combines short explanations with spreadsheet exercises, sample registers containing typical errors, and case studies from public and private sector organisations. No prior knowledge of ISO standards is assumed.

Participants will gain the ability to:

• Explain asset management concepts, the asset life cycle and the purpose of the ISO 55000 family.
• Design a fixed asset register with the data fields, coding and classification an organisation needs.
• Apply recognition, capitalisation, depreciation, revaluation and impairment rules under IAS 16 and IPSAS 17.
• Plan and carry out physical verification, tagging and reconciliation of assets.
• Assess asset criticality and condition to prioritise maintenance and renewal.
• Interpret the main requirements of ISO 55001 for an asset management system.
• Manage transfers, disposals and write-offs with proper approvals and records.

Anyone responsible for recording, controlling or maintaining an organisation's assets will find it useful, including:

• Asset management and fixed asset officers
• Accountants and finance officers handling property, plant and equipment
• Procurement, stores and supply chain staff
• Facilities, estates and fleet managers
• Maintenance engineers and technicians moving into asset planning
• Internal auditors and audit committee members
• Public sector officers responsible for asset registers in ministries and county governments
• ICT asset and inventory administrators

The course equips participants with:

• A fixed asset register template with coding, classification and mandatory fields.
• A physical verification plan and reconciliation worksheet.
• A depreciation schedule built for a sample asset portfolio.
• An asset criticality and condition scoring matrix.
• A gap checklist against the main ISO 55001 clauses.
• A disposal procedure covering approvals, valuation and record updates.

Practical exercises carry most of the learning:

• Plain-language explanations of standards with worked numerical examples
• Spreadsheet labs building registers and depreciation schedules
• Error-spotting exercises on sample asset registers
• Case studies from public bodies, utilities and private companies
• Group work on criticality scoring and verification planning

Participants earn a CPD-accredited Certificate of Completion issued by Vision Reach Global Consultancy after attending every session and completing the register, depreciation and verification exercises.