Asset Management and Inventory Control

About Course

Introduction

Fixed assets and inventory managements  policy  are  important aspects of the business.

Fixed assets tend to be high in value, so more fixed assets help raise a company’s valuation and expand its access to capital. fixed assets that bring benefits to a business and are reflected in financial statements and tax returns.

Fixed asset management is the process of tracking and maintaining physical assets such as buildings, machinery, and equipment. Fixed asset management includes tasks such as keeping track of asset location, monitoring asset condition, and scheduling asset maintenance. By properly managing its fixed assets, a business can minimize disruptions, save money, and improve its overall efficiency.

Inventory management refers to the process of storing, ordering, monitoring the inventory movements, counting and selling of goods and services. The discipline also involves the management of various supplies and processes.

Good  inventory and fixed assets management  will  comply with  objective  of the internal control system for safe garding the assets of the company.

Objective of the Training

The main objective of this training was to act as a refresher for the company personnel from different internal related departments such as Finance Department and department managers etc on best practice of inventory ans fixed asset managements.   With the view of this, this training is designed to help the staff and managers of Finance, and other managers of relevant departments to have an update and insight technical knowledge of fixed asset and inventory management policy through applying this procedures to improve Internal control system for fixed assets and inventory.

Content of Training and Dates

Session 1 –inventory management policy

Session 2- fixed asset management policy

Training Methodology

Using technical and subject matter experts to conduct the training using state of art training methods and approach
Relevant, clear and concise training material
Interactive group excursive and discussions
Group exercise and group presentation
Pre and post-assessments to gauge knowledge and skills gained during training