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Introduction to Assets Management

13 July 2016

The course is presented over three (3) working days.

Booking Closure Date: 2016-06-28

The main purpose of this course is to build capacity within the public service by introducing fundamental asset management concepts at a level comprehensible to all public servants who may not yet have been exposed to these. In doing so, the course addresses a crucial skills gap, identified in the initial research of NSG’s Capacity Development Strategy, relating to a key financial management competency: the ability of public servants to control, utilise, safeguard, and manage the assets of the South African government effectively and efficiently.

Target Group
All public servants who are involved directly in strategic planning, budgeting, or determining development and service delivery targets; in other words, by middle and senior managers in all spheres of government. As this course is based to a significant extent in practice, these officials will be best placed to implement the knowledge and skills that will be transferred during this course.

Therefore, in line with its purpose, the course targets public sector officials responsible for asset management, who will be able to utilise the exposure they will receive to the latest internationally accepted prescripts for this aspect of public finance in the most direct, and therefore most efficient and effective, manner.

Minimum Requirements for Enrolment
Communication at NQF Level 4;
Mathematical literacy on NQF Level 4.
Learning Outcomes
A learner credited with this unit standard should be able to:

Demonstrate an understanding of the concepts, activities, principles and approaches of asset management;
Demonstrate an understanding of the key asset management policies, frameworks and prescripts of the South African government;
Demonstrate an understanding of the management of the asset life-cycle
Account for assets (including classification);
Develop and maintain the asset register, including additions, disposals, losses, transfers and valuations;
Apply depreciation;
Differentiate between various methods for valuating assets;
Report on assets;
Critically evaluate asset management practices.
The course is non-credit bearing. After successful completion of the summative assessment, the learner will receive a Certificate of Successful Completion.

Unit Standard ID Title NQF Level Credits
None n/a 0 0

Assessment Approach
Participants will write a summative assessment at the end of the last day. Upon completion of the course, participants will receive a certificate of successful completion.

The course is presented over three (3) working days.


13 July 2016


Bid Committees – PFMA


Finance for Non-Financial Managers