What You'll Learn

  • How DRC Manages Fixed Assets

  • Understand the Difference between Fixed Asset Categories

  • Roles and Responsibilities in the Process

90 minutes

Estimated time to complete

Course curriculum

    1. Start Here

    2. Where are we in the Business Process?

    3. Flowchart: Where are we in the Business Process

    4. Who is this Course for?

    5. Prerequisites for this Course

    6. Course Structure

    1. Introduction to Manage Assets and Equipment for all Roles

    2. Learning Objectives

    3. The Importance of Fixed Asset Management

    4. Summary: The Importance of Fixed Asset Management

    5. Policy and Procedures around Fixed Asset Management

    6. Visualize the Process for Manage Assets and Equipment

    7. Accountability and Responsibility

    8. Stakeholders involved in the Management of Fixed Assets

    9. Budget Holder Responsibilities in Manage Assets and Equipment Process

    10. Tasks for Budget Holders

    11. What is a Fixed Asset and How does DRC Differentiate Fixed Assets

    12. What is a Donor Fixed Asset?

    13. Value of a Donor Fixed Asset at a Time of Purchase and Depreciation

    14. What is an Attractive Item?

    15. What is a DRC Fixed Asset?

    16. Value of a DRC Fixed Asset at a time of Purchase and Depreciation

    17. Fixed Asset Module in DRC Dynamics

    18. Audit Trail & Overview of Fixed Asset Processes and Components

    19. Illustrative Example: Audit Trail & Overview of Fixed Asset Processes and Components

    20. Wrap Up of Fixed Asset Management for all Roles

    21. Get Ready to Review Fixed Asset management for all Roles

    22. Review Fixed Asset Management for All Roles

    23. Employee Support

    24. Congratulations!

    1. Introduction to Manage Assets and Equipment for Requestor

    2. About this Chapter

    3. Learning Objectives

    4. Introduction to Activity: Request Purchase of Fixed Assets

    5. The Impact of Requesting Purchases of Fixed Assets in DRC Dynamics

    6. Approval for Purchase of Fixed Assets

    7. Requesting & Acquiring Fixed Assets​

    8. Task: Create and Submit PR for Donor Fixed Assets

    9. Screenshot: Create and Submit PR for Donor Fixed Assets

    10. Task: Create and Submit PR for Attractive Items

    11. Screenshot: Create and Submit PR for Attractive Items

    12. Video - what happens next?

    13. Summary: What happens next?

    14. Troubleshooting Incorrect or Missing FA Flagging

    15. Wrap Up of Manage Assets and Equipment for Requestor

    16. Get Ready to Review Manage Assets and Equipment for Requestors

    17. Review of Manage Assets and Equipment for Requestors

    18. Employee Support

    19. CONGRATULATIONS

    1. Introduction to Manage Assets and Equipment for Fixed Asset Managers

    2. About this Chapter

    3. Learning Objectives

    4. Section 1 - Introduction to Activity: Receipt of Fixed Assets

    5. Task: Split Fixed Assets

    6. Screenshot: Split Fixed Assets

    7. Video: Split FA

    8. Task: Registration of Fixed Assets

    9. Screenshot: Registration of Fixed Assets

    10. Video: Registration of Fixed Assets

    11. Task: Tagging of Fixed Assets

    12. Task: Confirm Tagging

    13. Screenshot: Confirm Tagging

    14. Task: Issue to the Buyer

    15. Knowledge Check

    16. Section 2 - Introduction to Activity: Maintenance of Fixed Assets

    17. Task: Asset Lending & Loan (Assign Custodian)

    18. How to Document Fixed Asset Loans in DRC Dynamics

    19. Screenshot: Asset Lend & Loan (Assign Custodian)

    20. Video: Asset Lend & Loan (Assign Custodian)

    21. Task: Transfer of Custodianship and Ownership of Fixed Assets

    22. Screenshot: Transfer of Custodianship and Ownership of FA

    23. Task: Asset Counting and Verification

    24. Task: Confirm Asset Counting

    25. Screenshot: Confirm Asset Counting

    26. Task: Tracking Asset Condition

    27. Asset Conditions

    28. Screenshot: Tracking Asset Condition

    29. Knowledge Check

    30. Section 3 - Introduction to Activity: Disposal of Fixed Assets

    31. Justify and Document the Disposal of Fixed Assets

    32. Task: Transfer of Fixed Assets

    33. Screenshot: Transfer of Fixed Assets

    34. Task: Donation of Fixed Asset

    35. Task: Selling a Fixed Asset

    36. Task: Scrap of Fixed Assets

    37. Screenshot: Scrap of Fixed Assets

    38. Video: Scrap of Fixed Assets

    39. Troubleshooting

    40. Wrap Up of Manage Assets and Equipment for Fixed Asset Managers

    41. Get Ready to Review Manage Assets and Equipment for Fixed Asset Managers

    42. Review Manage Assets and Equipment for Fixed Asset Managers

    43. Employee Support

    44. CONGRATULATIONS

    1. Manage Assets and Equipment for HR

    2. About this Chapter

    3. Learning Objectives

    4. Introduction to Activity: Fixed Assets Maintenance

    5. The Linkage between Fixed Asset Management and HR process

    6. Visual: The Linkage between Fixed Assed Management and the HR Process

    7. Role of HR in Fixed Asset Maintenance

    8. Onboarding Checklists

    9. Task: Onboarding Checklist - Asset Lending

    10. Video: Create Checklists for Onboarding

    11. Task: Offboarding Checklist - Asset Return

    12. Video: Create Offboarding Checklist - Asset Return

    13. Video: How to View Status of Offboarding Checklist

    14. Wrap Up of Manage Assets and Equipment for HR

    15. Get Ready to Review Manage Assets and Equipment for HR

    16. Review of Manage Assets and Equipment for HR

    17. Employee Support

    18. CONGRATULATIONS

    1. Manage Assets and Equipment for Finance Staff

    2. About this Chapter

    3. Learning Objectives

    4. Section 1 - Introduction to Activity: Fixed Assets Maintenance

    5. Depreciation

    6. Depreciation Expense

    7. How DRC Depreciates Assets

    8. Depreciating Assets - Requirements

    9. Task: Run Monthly Depreciation (DRC Owned Asset)

    10. Example Task: Run Monthly Depreciation (DRC Owned Assets)

    11. Screenshot: Run Monthly Depreciation (DRC Owned Assets)

    12. Video: Run Monthly Depreciation (DRC Owned Assets)

    13. Task: Run Monthly Depreciation/Valuation (Donor Assets and Attractive Items)

    14. Screenshot: Run Monthly Depreciation/Valuation (Donor Assets and Attractive Items)

    15. Task: Verify Fixed Asset Depreciation GL Journal and Post

    16. Task: Follow Up on Fixed Assets Values

    17. Screenshot: Valuation of Fixed Assets

    18. Video: Valuation of Fixed Assets

    19. Task: DRC Fixed Asset Rental to Donor Funded Projects

    20. How to Calculate Rental Fees for DRC Owned Assets

    21. Example: How to Calculate Rental Fees for DRC Owned Assets

    22. How to Book Rental Expense in DRC Dynamics

    23. Screenshot: DRC Fixed Asset Rental to Donor Funded Projects

    24. Knowledge Check

    25. Section 2 - Introduction to Activity: Fixed Assets Disposal

    26. Reasons for Disposal of Fixed Assets

    27. Task: End of Project Disposals - Approve and Post Disposal Journal

    28. Screenshot: End of Project Disposals - Approve and Post Disposal Journal

    29. Task: Selling a Fixed Asset

    30. Task: Invoice Customer

    31. Screenshot: Invoice Customer

    32. Video: Invoice Customer

    33. Troubleshooting

    34. Wrap Up of Manage Assets and Equipment for Finance

    35. Get Ready to Review Manage Assets and Equipment for Finance

    36. Review of Manage Assets and Equipment for Finance

    37. Employee Support

    38. CONGRATULATIONS

About this course

  • 150 lessons
  • Video Content