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Description

Fixed Assets: Recording, Depreciating and Completing Asset Schedules

Record fixed asset additions and disposals, then carry the figures into the annual asset and depreciation schedules

  • 0.43 days — 3 h
  • In-person or virtual
  • Foundation
  • Up to 6 participants

Fixed asset and depreciation schedules are often completed at year-end by rolling forward the prior year. Disposals that are not fully cleared, forgotten components and acquisitions expensed in error create differences that only surface during the review. Reconciling with the trial balance then takes longer than the posting itself.

Three hours to work through the full life cycle of an asset, from the purchase invoice to derecognition, then to build the asset and depreciation schedules directly from the ledger. The focus is on the entries themselves and on reconciliation with the trial balance; formalising internal procedures is covered in a separate workshop.

Learning objectives

  • Determine the initial cost of an asset acquired or internally produced
  • Post the acquisition and commissioning entries
  • Calculate and record depreciation on a component basis
  • Clear a disposal or a write-off from the books
  • Build the fixed asset and depreciation schedules for annual reporting
  • Reconcile these schedules with the general trial balance

What makes this programme different

The full asset life cycle is covered entry by entry on a single asset
A reconciliation between the trial balance and the reporting schedules is carried out in session
Participants leave with a ready-to-use fixed asset register template

Programme

1Recognising Assets on the Balance Sheet

Setting the cost and the starting date

  • Distinguish an expense from a capitalised asset
  • Determine acquisition cost and production cost
  • Treat incidental costs and borrowing costs
  • Record the asset as available for use

2Depreciation and Derecognition

Tracking the asset through to disposal

  • Break an asset down into separate components
  • Select the depreciation method and useful life
  • Post depreciation charges and tax-driven depreciation differences
  • Clear a disposal or a write-off from the books

3Annual Asset and Depreciation Schedules

Moving from the trial balance to the reporting forms

  • Identify the schedules fed by the fixed asset cycle
  • Report the movements of the financial year
  • Reconcile the schedules with the general trial balance
  • Justify differences before submission

Who is it for

Accountants and accounting assistants in companies or professional firms responsible for fixed asset tracking and the preparation of year-end reporting schedules.

Prerequisites

No prerequisites

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.