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Asset Accounting online training

Asset Accounting


In financial accounting, an asset is an economic resource. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash.

Probably the most accepted accounting definition of asset is the one used by the International Accounting Standards Board. The following is a quotation from the IFRS Framework "An asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise.
  • Knowledge Required on Basic Accounting, Basic Accounting II, Chart of Accounts.
  • It is a 12 days program and extends up to 2hrs each.
  • The format is 40% theory, 80% Hands-on.

  • It is a 3 days program and extends up to 8hrs each.
  • The format is 40% theory, 80% Hands-on.
    Private Classroom arranged on request and minimum attendies for batch is 4.
course content
  • Organizational Structures
    • Chart of depreciation
    • Integration with Chart of Accounts
    • Cost Accounting Assignment
    • Asset Classes
    • Depreciation Areas
    • Posting of Values
  • Asset Accounting Master Data
    • Functions of the Asset Class
    • Asset Master Records
    • Mass Changes
  • Asset Accounting Transactions
    • Asset Acquisition
    • Asset Retirement
    • Intra-company/Intercompany Asset Transfer
    • Assets under Construction (AuC) Unplanned Depreciation
  • Periodic Processing
    • Depreciation
    • Fiscal Year Change
    • Year-End Closing
  • Information System
    • Asset Accounting Standard Reports
    • Report Selection
    • Value Simulation
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