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Fixed Assets Management

Fixed Assets Management
July 14, 2020
Sandton, 138 Rivonia Rd, Sandown, Sandton, 2196 Get directions

For many organizations, fixed assets represent a substantial investment with a significant balance sheet figure and therefore its management is critical to the success of the organizations.

1. Guiding Policies and Procedures

  • Acquisition & Financing
  • Capitalization/Realization
  • Utilization/Access
  • Replacement
  • Disposals

2. Asset Accounting

  • Capitalization and Procedures
  • Developing and maintaining a Fixed asset register
  • Adequate documentation
  • Fixed asset management inventory & reconciliation
  • Depreciation calculation/ forecasting/ Budgeting

3. Fixed Asset Register

  • Objectives for maintaining a fixed asset register
  • Making entries in fixed asset register
  • The format of fixed asset register
  • Identification of fixed assets

 4. Effective Maintenance Management

  • Preventive Maintenance
  • Mobile/ hand held maintenance
  • Work order generation Call-logging

5. Asset Tracking

  • Fixed asset ,inventory tracking
  • Barcode label/ Handheld scanners
  • Physical audit/ Verification
  • Non-capitalized (consumables) asset management
  • Theft detection
  • Asset Tags
  • Mobile bar code reader
  • Fixed scanner

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