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Course Outline

Introduction to Fixed Assets

  • Concept and classification of fixed assets.
  • Importance in financial and operational management.
  • Applicable accounting standards in Ecuador (IFRS – Section 17 / IAS 16).
  • Lifecycle of a fixed asset.

Registration and Control of Fixed Assets

  • Policies for asset acquisition and capitalization.
  • Assignment and labeling.
  • Management tools and software.
  • Role of physical inventory.

Valuation and Depreciation

  • Depreciation methods (straight-line, units of production, etc.).
  • Revaluation and impairment of assets.
  • Practical depreciation calculations.
  • Accounting and tax treatment.

Legal Framework and Auditing

  • SRI regulations related to fixed assets.
  • Internal control and asset auditing.
  • Supporting documentation and records management.
  • Common findings in audits.

Disposal, Sale, and Final Handling

  • Procedures for asset retirement.
  • Sale, donation, or dismantling.
  • Tax and accounting aspects.
  • Closing reports and reconciliations.

Practical Cases and Local Application (Guayaquil)

  • Common issues in institutions in Guayaquil.
  • Case studies from public and private companies.
  • Inventory simulation and asset control.
  • Best practices in the region.

Summary and Next Steps

Requirements

  • A solid understanding of basic accounting principles.
  • Experience with financial reporting or asset tracking.
  • Familiarity with IFRS or local accounting standards.

Target Audience

  • Accountants.
  • Finance professionals.
  • Auditors and internal control personnel.
 14 Hours

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