For many organisations, fixed assets are the largest line on the balance sheet and the least well controlled. Registers fall out of date, equipment moves without records, depreciation is applied inconsistently and maintenance spending is decided without regard to asset condition or criticality. Auditors repeatedly raise these findings in government, parastatals, NGOs and private firms alike.

The Operational Excellence in Asset Management (Fixed Assets, ISO 55001) Training Course joins the accounting and engineering sides of asset management. Participants first establish sound foundations, namely classification, tagging, a complete register, capitalisation thresholds and physical verification. They then apply depreciation, impairment, revaluation and disposal accounting, and examine how lifecycle costs, condition data and risk should guide maintenance and replacement. The programme introduces ISO 55000 and ISO 55001 requirements and shows how to build a management system that fits an organisation's size and sector.

The approach is hands-on. Delegates use sample registers, verification sheets and calculation templates, perform a gap assessment against the standard, and finish with an improvement roadmap and a set of measures for tracking asset performance.

Participants completing the course will be able to:

• Establish a complete, accurate fixed asset register with consistent classification and tagging.
• Plan and run physical verification and reconcile findings to the general ledger.
• Apply capitalisation, depreciation, revaluation, impairment and disposal rules correctly.
• Calculate lifecycle costs and rank assets by criticality and condition.
• Link maintenance strategy and capital renewal to asset risk.
• Interpret the requirements of ISO 55001 and assess current practice against them.
• Define asset performance measures and a continual improvement roadmap.

The course serves those who record, maintain, audit or make decisions about physical assets, including:

• Finance officers and accountants responsible for fixed assets
• Asset managers and facilities managers
• Maintenance, engineering and works managers
• Internal auditors and risk officers
• Procurement and stores managers
• Public sector accountants and county or ministry asset officers
• Utility, hospital and school estate managers
• Project managers handing over capital works

Delegates return to work with:

• A fixed asset register template with the fields auditors expect.
• A step-by-step verification plan and reconciliation checklist.
• Depreciation and impairment worksheets they can adapt.
• A criticality ranking method for prioritising maintenance and renewal.
• A completed gap assessment against ISO 55001 clauses.
• An improvement roadmap with owners and timelines.

Learning mixes accounting technique with engineering judgement through:

• Sample asset registers with deliberate errors for participants to find
• Calculation workshops using spreadsheet templates
• A simulated verification exercise with reconciliation
• Criticality ranking on a mixed portfolio of plant, vehicles and buildings
• Group gap assessment against the standard

A CPD-accredited Certificate of Completion from Vision Reach Global Consultancy is issued to every participant who attends the programme and completes its practical work.