COURSE OVERVIEW

 This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using “MS-Excel” application. 

This course is designed to provide participants with a detailed and up-to-date overview of Finance - Asset Management Accounting and Reporting. It covers the asset management in utilities, strategic asset management planning (SAMP) and classification and hierarchies of assets; the financial reporting for assets and capital versus operational expenditures (capex vs. opex); the internal controls and audit, initial asset recognition and measurement and subsequent measurement; the depreciation methods, asset useful life, asset impairment testing, asset disposal and derecognition; and the asset valuation techniques for power utilities, IFRS standards impacting asset management and regulatory reporting for utility assets. 

 

During this interactive course, participants will learn the asset registers and documentation, audit requirements and integration with enterprise resource planning (ERP) systems; the asset performance and financial reporting, capital projects and work-in-progress accounting; the budgeting and forecasting for asset investments, asset lifecycle costing (LCC), maintenance accounting and cost allocation; the sustainability and ESG reporting for assets, asset risk management, digital asset management and modernization; the financial KPIs and dashboards for asset monitoring; and the asset handover and commissioning financials as well as fraud risks and ethics in asset accounting.