OCEANIC Conseil - Formation
FR

Accounting for fixed assets

Context and rationale

Investments are major issues for companies, and fixed assets make up a significant part of their balance sheet. From acquisition to sale or disposal, it is important to master their accounting treatment and to understand the implications for everyone in the company involved in monitoring and steering these assets.

This course will enable you to master the treatment and recording of fixed assets and the impact of their treatment on the financial statements.

Training objectives

  • Mastering the accounting and tax treatment of fixed asset rules.
  • Calculating and recording depreciation and impairment.
  • Identifying a fixed asset and determining its entry cost.
  • Setting up suitable depreciation schedules.
  • Ensuring reliable monitoring of fixed assets.

Training content

Module 1: fundamentals of fixed asset accounting management
  • Definition of fixed assets. Accounting rules in force.
  • Intangible and tangible fixed assets: structure of the chart of accounts and content.
  • Distinguishing expenses and fixed assets: principles and consequences.
  • Different methods of acquisition and their effects.
Module 2: entry of fixed assets into the company's assets
  • Determining the acquisition cost: acquisitions for consideration, assets produced by the company, assets acquired under a finance lease...
  • Recording the entry of fixed assets: accounting and tax effects.
Module 3: impairment of fixed assets under the revised SYSCOHADA
  • Regulatory provisions: general principles.
  • Identifying an asset's loss of value.
  • Indications of impairment.
  • Determining the current value of a fixed asset.
  • Specific features of determining the current value of a fixed asset.
  • Recording impairment following a revaluation.
Module 4: removal of fixed assets from the company's assets
  • Events leading to removal: sale of fixed assets, scrapping...
  • Calculating capital gains and losses.
  • Accounting entries.
  • Tax restatements.
Module 5: accounting and tax difficulties relating to tangible and intangible fixed assets
  • Tax and accounting treatment of fixed assets on entry into the company's assets:
  • Acquiring a fixed asset for consideration.
  • Treatment of VAT when acquiring fixed assets.
  • Fixed assets produced by the company for itself.
  • Acquisition by contribution in kind and free of charge.
  • Tax and accounting treatment of a fixed asset when the company is only partly liable to tax.
  • Tax and accounting difficulties in the treatment of loans when acquiring a fixed asset.
  • Valuing fixed assets at the end of a financial year and tax effects.
  • The mandatory nature of depreciation in accounting law.
  • The mandatory nature of depreciation in tax law.
  • Tax treatment of depreciation in the event of a loss.
  • Tax regime for non-depreciable fixed assets.
Module 6: practical case studies

    Let's discuss your training needs

    Free, no-obligation offer. An adviser will call you back within 48 hours.

    WhatsApp