Blue Flower

Business Education

Business education involves putting theory into practice. We have assembled a world-class group of faculty with exceptional industry experience. Every user will inspire you with the results of research initiatives and experience-based ideas into top global management practices at the office in emerging markets.

Through our contact with multiple sectors, we share best practices, what really works and what doesn't and provide you with a guide to the subject area that presents you with avenues of exploration.

Introduction

Ever since the promulgation of the Public Finance Management Act (PFMA), and as part of the push towards proper administration and tracking of assets an approach was adopted to gradually allow organizations to comply therewith.

The need for government entities to put asset management in to motion is provided by:

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.

The Public Finance Management Act (PFMA), Act No.1 of 1999.

Course Outline

On completing this course, students should-be in a position to:

Understand the causes and principles for asset administration

Understand asset management legal structure

Define the principles of assets and asset management

Explain the objectives of asset management in a public entity

Explain the life cycle concerning asset management

Develop a budget to fund assets

Develop an asset strategy

Formulate acquisition and maintenance plans and

Build asset disposal plans

The study guides include

Total guide to study materials

Complete guide along with section specifications

Illustrations plus situation studies

Obvious training results

Tasks which can be done separately or perhaps as an element of a group

 

We offer reading material from leading magazines, publications, plus separate research for the subject area through provided guidelines.