Asset Management (AM)

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Course Overview

Good asset management is critical in any business environment and more so in the public sector, particularly as some of the significant assets are infrastructure assets with long life spans and enormous capital outlay that are vital to providing a foundation for economic activity.

Since the promulgation of the Public Finance Management Act (PFMA), Act No.1 of 1999 and as part of the move towards proper management and recording of assets a strategy was adopted to gradually enable entities to comply therewith.

The need for government entities to put asset management into action is provided by:

• The Public Finance Management Act (PFMA), Act No.1 of 1999.
• The standards of Generally Recognized Accounting Practice – GRAP 17: Property, plant and equipment.
• Asset management guidelines – a framework for recognition of assets, issued by the Office of the Accountant General, National Treasury in April 2004.

Learning Outcomes

• Understand the reasons and principles for asset
  management
• Interpret asset management legislative framework
• Define the concepts of assets and asset management
• Explain the objectives of asset management in a public entity
• Describe the life cycle of asset management
• Develop a budget to fund assets
• Develop an asset strategy
• Formulate acquisition and maintenance plans
• Develop asset disposal plans

Duration

• 2 days contact time including facilitation and group activities.

Please Note:

• Although great care is taken to ensure accuracy of the information on this site, please confirm all important details including dates and fees at time of registration.

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