This highly interactive event is meant for government officials who know and understand how it feels to have a bad audit report.
Asset Management is a responsibility of all managers within an organisation. “Assets is money tied up in inventory and buildings. If we don't manage assets like the banks manage and protect their money then the consequences can be disastrous especially in the public sector where governments fixed asset portfolio runs into hundreds and hundreds of billions.” Roland Chebefuh
“Improving the asset management function is difficult - it is not like some things, which you do for three months and that's the project done, and you move on to the next one. Asset Management is a commitment over a number of years and Improvements should not be seen as a “nice thing to do”. They should be based on sound commercial reasons” Phil Upshell
“Come and experience the practical bar coding and scanning of your assets from one of the country's leading IT software and solution providers at this once off workshop”. Book now to avoid disappointment
This workshop will focus on:
Defining the concepts "assets" and asset management. Practically Scanning and Bar Coding of assets (How it is done using the latest Technology) Component Accounting for Assets - grouping of assets and breaking them down Asset attachments(how to dispose the asset components and accounting for them) Differentiating between Asset components ,Repairs and Maintenance Policy framework for Asset Management in the Public/Private Sector. Asset Management concepts defined. Asset Management as part of Supply Chain Management. Asset life-cycle Management Process. Planning and Budgeting for Asset Management. Purchasing/acquisitioning of assets Implementing a computerized asset management system step by step Designing the User Asset Management Plan (UAMP) Operation and maintenance of asset. Replacement decision for assets. Disposal of assets. Asset control Responsibility for assets. Inventory life cycle Accounting framework for the recognition of assets. Movement of assets. Reporting assets Classification of assets. The asset verification and bar-coding. Creating an asset register and tying asset register to general ledger Managing Infrastructure assets and the GIAMA act. Asset management principles Capitalization of assets vs. expenditure Preferential procurement and BBBE Procedures for maintaining the fixed asset register PFMA and MFMA requirements Responsibility for asset management Procedure for writing off and disposal of redundant, obsolete or unserviceable fixed assets Supply Chain Management: Procurement of assets CIDB and supply chain management in infrastructure management
After the Workshop you will be able to: • Demonstrate an understanding of the requirements of Asset Management • Guidelines on drafting the User Asset Management Plan (UAMP) • Understand to what extent Assets should be broken down into • Understand Component accounting of assets • Know how to dispose components • Differentiating between asset componets,Repairs and Maintenance • Understand how assets should be treated and reported • Understand the basic principles of ASM • Design and implement a computerized asset management system • Track, account for and manage immovable Assets • Do building and facilities assessment.
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