Accounting for Capital Assets

Overview

Delivery method

Virtual classroom

Duration

1.15 hours

Audience

All public servants at all levels

Description

​This training explains the capital assets accounting basics, the capital assets accounting methods, the useful lives of capital assets, the betterments and leasehold improvements, the projects and assets under construction, the funding and financial coding and the key responsibilities.

Examples and exercises are used to reinforce the participant’s understanding and to ensure better  knowledge control.

Objectives
​This training is to inform SSC personnel of essential practices and provide direction in applying standards relating to capital assets includingfinancial accounting, recording and reporting of capital assets within the department.

Moreover, this training is also intended to inform SSC personnel on how to ensure SSC’s capital assets information iscomplete, accurate, and reported in the departmental annual financial statements and the Public Accounts of Canada.

Target Audience
​All SSC employees who wish to have a better understanding of accounting for capital assets.

Legacy course code: FIN-ACA-SSC