Certified Fixed Assets Manager - Preparation Course

This DIXONTECH program prepares participants for the Certified Fixed Assets Manager (CFAM) examination by providing a comprehensive understanding of fixed asset accounting, management, and control practices. The course focuses on asset lifecycle management, valuation, depreciation methods, and compliance with IFRS and ISO 55000 standards. It equips professionals with the knowledge and tools to effectively manage, audit, and optimize organizational assets for financial accuracy and operational efficiency.

TRAINING TOPICS

• Fundamentals of Fixed Assets and Lifecycle Management

• Asset Valuation, Depreciation, and Impairment

• Fixed Assets Register, Tagging, and Auditing

• IFRS, ISO 55000, and Regulatory Compliance

• CFAM Exam Domains and Practice Review

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

• Implement effective fixed asset management systems

• Ensure compliance with IFRS and ISO 55000 standards

• Conduct fixed asset audits and reconciliations

• Apply valuation and depreciation models accurately

• Manage asset acquisition, transfer, and disposal processes

• Enhance accountability and control of company assets

• Prepare confidently for the CFAM certification exam

TRAINING IS TAILORED TO:

• Accountants and Finance Managers

• Fixed Asset and Property Accountants

• Internal Auditors and Controllers

• Procurement and Inventory Professionals

• Asset Valuation and Compliance Specialists

• Facilities and Maintenance Managers

• Professionals preparing for the CFAM exam

TRAINING METHODOLOGY

This DIXONTECH course integrates lectures, interactive exercises, and real-world case studies. Participants will use sample fixed asset registers, perform valuation calculations, and conduct asset tagging simulations. Mock exams and exam review sessions ensure readiness for the CFAM certification test.

DAY 1

Fundamentals of Fixed Asset Management

• Overview of fixed asset categories and classifications

• The role of fixed assets in financial reporting

• Lifecycle management: acquisition to disposal

• Asset identification, tagging, and verification systems

• Maintaining and updating the asset register

• Capitalization policy and threshold determination

• Linking asset management to corporate strategy

DAY 2

Asset Valuation, Depreciation, and Impairment

• Methods of asset valuation and fair value measurement

• Cost, revaluation, and residual value assessments

• Depreciation models: straight-line, declining balance, units of production

• Impairment testing and recoverable amount analysis

• Revaluation surplus and adjustment entries

• Asset disposal and gain/loss recognition

• Practical session: calculating depreciation under IFRS

DAY 3

Fixed Assets Register, Tagging, and Auditing

• Designing and maintaining the fixed asset register

• Physical verification and reconciliation procedures

• Asset tagging systems and barcode/RFID technology

• Internal controls over asset movement and security

• Asset maintenance and condition monitoring

• Audit trail and documentation management

• Case study: internal audit of fixed assets in a large enterprise

DAY 4

IFRS, ISO 55000, and Regulatory Compliance

• IFRS standards related to PPE and fixed assets (IAS 16, IAS 36, IAS 40)

• ISO 55000 series overview for asset management systems

• Risk-based asset management and optimization models

• Integration of fixed assets with ERP systems (SAP/Oracle)

• Linking financial asset data with operational controls

• Governance, accountability, and reporting frameworks

• Workshop: building a compliant fixed asset policy manual

DAY 5

CFAM Exam Preparation and Review Workshop

• Review of CFAM domains and body of knowledge

• Key concepts and terminologies for the exam

• Practice questions and multiple-choice mock exam

• Common exam pitfalls and time management strategies

• Applying theory to real-world asset management scenarios

• Ethical standards and professional conduct in asset management

• Final readiness assessment and exam registration guidance