Fundamentals
Target audience
- Finance, consolidation and accounting managers
2 day
New training
Acquisition of Tangible and Intangible Fixed Assets
Prerequisites
No prior knowledge is required.
Objectives
◗ Assess the financial and accounting impacts of investment-related transactions.
◗ Identify a fixed asset to determine its acquisition cost.
◗ Implement appropriate amortization schedules.
◗ Comply with tax regulations.
◗ Ensure reliable tracking of fixed assets.
Training program
This program is updated in real time to reflect changes to the General Chart of Accounts, tax rules applicable to fixed assets, new procedures for claiming VAT refunds, and stricter requirements regarding asset documentation and control.
◗ The Role of Fixed Assets in Accounting and Business Management
– Balance Sheet, Income Statement
– Working Capital (WC) and Cash Flow from Operations (CFO)
– Changes in Accounting and Tax Standards
◗ Legal and Accounting Definitions of Fixed Assets
– Definition of Fixed Assets – Current Accounting Rules
– Intangible and Tangible Fixed Assets: Chart of Accounts Structure and Content
– Distinction Between Expenses and Fixed Assets: Principles and Consequences
– Different Methods of Acquisition and Their Implications
◗ Acquisition cost of a fixed asset
– Determining Acquisition Cost: Acquisitions for Consideration, Fixed Assets Produced by the Company, Fixed Assets Acquired Through a Lease Agreement
– VAT management for fixed assets, new tax ruling on VAT recovery for passenger vehicles
– Component-based accounting: identifying components, accounting treatment, and impact
✔ APPLY | Practical exercise on determining acquisition cost and component-based accounting
◗ Tax and Accounting Rules for Depreciation and Impairment of Fixed Assets
– Depreciation
• Definition and principles – depreciable and non-depreciable assets; determination of the depreciable base – depreciation method and period; handling discrepancies between accounting and tax depreciation; recognition of special depreciation; additions or deductions to be made to taxable income
✔ APPLY | Practical Example: Calculating Depreciation Using the Straight-Line, Declining-Balance, and Special Methods – Accounting for Different Depreciation Methods – Calculating Tax Reintegration
– Impairment
• When should an impairment test be performed?; methodology for calculating an impairment loss; accounting entry for an impairment and its impact; tax treatment of asset impairments
✔ APPLY | Case study: Calculating and revising a chart of accounts after recognizing an impairment
◗ Management of Fixed Asset Disposals
– Events leading to disposals
– Calculation of capital gains and losses
– Accounting entries; impact of the 2025 Tax Reform on recording disposal entries
– Tax adjustments
✔ APPLY | Practical example on determining capital gains: what accounting entries should be made?
◗ Documents and Inventory Processing
– Physical Inventory: Importance and Methodology
– Communication with Other Departments
– Tables in the Appendix and the Tax Return: Completing the Section of the Tax Return Related to Fixed Assets
✔ EVALUATE | Multiple-Choice Quiz to Assess Learning
Why choose this course?
You manage fixed assets in the accounting or tax departments and want to improve the reliability of your asset tracking.
This training course helps participants identify, record, and depreciate tangible and intangible fixed assets; comply with regulatory requirements; and ensure proper handling of disposals, impairments, and tax treatments.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of teaching methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: theoretical concepts are alternated with examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Training monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
€1,720 (excluding tax)