Public-sector fixed assets represent a significant investment, however, information on such assets is partial. Lack of information on fixed assets has negative implications for accountability and decision-making. It is also a major stumbling block to the introduction of accrual-based accounting and financial reporting. In advanced countries, asset registries have been used to collect, verify, and systematize data about public-sector fixed assets.

About this learning event

This webinar will offer recommendations concerning the establishment, development, and maintenance of public-sector asset registries. A particular emphasis will be placed on the relationship between asset registries and financial reports. This relationship is important in that asset registries and financial reports should foster each other’s improvement. However, it is not exclusive as the purposes of asset registries exceed the production of financial reports.

What will you learn

This online course will:

• Highlight the importance of accurate and standardized information on public-sector assets, structured into solid asset records and developed asset databases.
• Outline how to establish, develop, and maintain a public asset register.
• Discuss the main information needs that public asset registries should meet.
• Present key challenges and practical solutions for the initial identification and measurement of fixed assets in public entities’ opening balance sheets.
• Discuss the peculiar ownership issues that characterize South East and East Europe countries, the presence of owners, custodians, and users, and the relevant implications for financial reporting.
• Provide scientifically sound and practical answers on how to record fixed assets in a register and capture fixed asset information in financial reports.
• Present significant country experiences.

Faculty

• Gorana Roje, CEF Associate fellow, Head of Unit for State Asset Management Strategic Planning Coordination at the Ministry of Physical Planning, Construction and State Assets, Croatia
• Eugenio Anessi Pessina, Full Professor at Università Cattolica del Sacro Cuore, Milan, Italy
• TBC

Target audience

This webinar is designed for senior public officials involved in public sector asset management, including policymakers, managers, and those responsible for maintaining asset records or managing asset portfolios. It is also relevant for heads of finance and accounting departments, as well as officials from Supreme Audit Institutions.

Partners

This learning initiative is supported by: