Weak control of physical assets is one of the most frequent findings in public sector and corporate audit reports. Missing assets, unrecorded donations, idle equipment, inconsistent depreciation and unplanned breakdowns all erode value and accountability. At the same time, boards and governments are asking a harder question: not just whether assets are recorded, but whether they are delivering the service and value expected over their whole life.

The Practical Asset Management (Fixed Assets, ISO 55001) Training Course addresses both sides. It begins with the fundamentals of fixed asset control: policies, classification, registers, tagging, verification and the accounting treatment that underpins financial statements. It then broadens into the asset management system described in ISO 55001, covering organisational objectives, asset strategy, risk, maintenance and performance, and the information and governance needed to make sound decisions on acquisition, renewal and disposal.

Participants work with sample asset registers, verification data and asset portfolios drawn from government, utility, health and NGO settings. Exercises are completed in Excel, and by the end of the week each participant has a register clean-up plan and the outline of an asset management plan for their organisation.

After the course, participants will be able to:

• Design asset policies, classification structures and capitalisation thresholds.
• Build, populate and maintain a complete fixed asset register.
• Plan and conduct physical verification and reconcile the register to the ledger.
• Apply IAS 16 and IPSAS 17 to depreciation, revaluation and impairment.
• Interpret ISO 55001 requirements and their link to organisational objectives.
• Assess asset criticality, condition and risk to prioritise maintenance and renewal.
• Manage asset transfers, disposals and write-offs with full documentation.

The course is relevant to everyone who records, maintains, controls or audits physical assets:

• Asset managers and asset officers
• Finance managers and accountants responsible for fixed assets
• Procurement, stores and supply chain officers
• Facilities, estates and fleet managers
• Maintenance and engineering managers in utilities and infrastructure
• ICT asset and inventory managers
• Internal auditors and audit committee members
• Public sector officers responsible for asset registers and disposal

The course delivers usable outputs, including:

• A fixed asset register template with the fields auditors expect.
• A physical verification plan and reconciliation worksheet.
• A depreciation schedule built in Excel for several asset classes.
• An asset criticality and risk ranking for a sample portfolio.
• A disposal procedure checklist from approval to derecognition.
• An outline strategic asset management plan aligned with ISO 55001.

Each session links asset control to real records and decisions, using:

• Excel workshops on registers, depreciation and reconciliation
• Sample asset portfolios from government, utility, health and NGO settings
• An ISO 55001 gap assessment carried out in small groups
• Decision exercises on maintenance and renewal priorities
• Discussion of typical audit findings and how to resolve them

A CPD-accredited Certificate of Completion issued by Vision Reach Global Consultancy is presented to each participant who attends throughout and completes the register, depreciation and planning exercises.