Fixed Asset registers and depreciation – October 2024

Available from

14 October, 2024

CPD

Course Category:

Financial Reporting

Level:

Moderate

This webinar will provide members with a foundational understanding of fixed asset registers, their importance in financial reporting, and how to maintain them accurately. October 2024

R 0 VAT Incl.

Product Information

What you will learn

By attending this webinar you will gain the following competencies:

The fundamentals of fixed asset registers and why they are crucial for your financial reporting.
Step-by-step guidance on maintaining and updating your fixed asset register.
Key depreciation methods and how to apply them correctly.
Practical tips for ensuring compliance with accounting standards.
How to streamline the process of tracking assets throughout their lifecycle

Description

This 1-hour webinar provides an essential introduction to fixed asset registers and depreciation, aimed at enhancing your understanding of fixed asset management. You’ll learn how to maintain an accurate fixed asset register, the significance of tracking assets, and the role these registers play in financial reporting. The session will also cover various depreciation methods, helping you apply them effectively in compliance with accounting standards. By the end of the webinar, you’ll have practical insights and tools to manage and maintain fixed assets efficiently within your business or accounting practice. Perfect for CIBA members seeking to strengthen their asset management skills.

Information

Format: Recording of Online Live Streamed event
Recording: Loaded to your CIBA Academy profile

Price

This event is free

Content

Welcome & Introduction

Overview of the session and key learning outcomes.

Understanding Fixed Asset Registers

Definition and importance of fixed asset registers.

Key components of a fixed asset register.

Best practices for maintaining accurate registers.

Maintaining Fixed Asset Registers

Recording acquisitions, disposals, and asset changes.

Tracking asset lifecycles and ensuring compliance.

Introduction to Depreciation

What is depreciation and why it’s important.

Common depreciation methods: straight-line, reducing balance, and units of production.

Practical examples of applying depreciation.

Fixed Assets and Financial Reporting

The role of fixed asset registers in financial reporting.

Compliance with accounting standards.

Q&A Session

- Open discussion and answering participants’ questions

Certificate

The following CPD is awarded 2 Units Financial Reporting.

Requirements

There are no preconditions for this course.
Moderate level.

Presenter

Leana van der Merwe

Leana van der Merwe is a Chartered Accountant and Registered Auditor with over 18 years of experience in business accounting, auditing, and corporate governance. She has held key leadership roles throughout her career, including as an Audit Director at RSM South Africa and as a Technical and Standards Executive within the professional body space at SAIPA. At RSM, Leana played a crucial role in driving audit excellence and managing international engagements across various sectors, while at SAIPA, she was instrumental in guiding over 14,000 members through complex regulatory environments and leading significant industry initiatives.

Leana’s expertise extends to her active participation in several prestigious committees, such as the PAFA Technical Advisory Group, the IFAC Anti-Money Laundering Committee, and the IFRS Foundation’s SME Implementation Group, where she has significantly influenced legislative commentary and stakeholder engagement on both local and international stages.

Currently, Leana serves as an Independent Contractor, engaged by the Chartered Institute of Business Accountants (CIBA) in their Technical, Education, and Professional Development units. In this role, she continues to drive innovation and excellence, providing critical support and insights to professionals in the accounting sector. Leana is a sought-after speaker and thought leader, recognized for her strategic vision, transformative leadership, and commitment to advancing the profession.

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