Many benefits are there in conducting asset revaluation, Namely: Showing a Reasonable Wealth Position The major purpose of asset revaluation is to provide a true value to the company’s assets. Thus, the value of assets recorded in the financial statements will represent a fair value. Asset revaluation will also be very important for companies that…
Category: Fixed asset management
Understanding The Importance Of Company’s Fixed asset Management
Broadly speaking, asset management refers to any system that monitors and maintains anything of value to an entity or group. This management applies to both tangible assets, such as buildings, and intangible assets, such as people, intellectual property rights, goodwill, and financial assets. Asset management is a systematic process to develop, operate, maintain, and increase…
Get Timely Report Of Your Fixed Assets By Maintaining A Fixed Asset Register
A fixed assets register is a list of all the assets held by a company that is intended to be used for business purposes and have not been sold off for profit. Such an item is required by law for some companies for tax purposes. Keeping a fixed asset register includes collecting detailed information about…
Fixed Asset Management As A Potential Profitability Lever
Fixed assets represent an important part of the balance sheet, and their monitoring is, therefore, a major issue for companies. From purchase to disposal, a company needs to master the accounting treatment, monitoring, and management of these fixed assets. Fixed assets are at the heart of the company’s accounting and financial management. Efficient management makes…
Deepen Your Understanding Of Fixed Asset Management To Reduce Unnecessary Expenses
Most companies have a wide range of fixed and liquid assets, so cost-effective implementation, management, maintenance, upgrading, and disposal of assets are essential to achieve the highest possible return on investment. In addition, there are now new opportunities to significantly improve resource reliability and efficiency through the use and availability of connected devices, sensors, large-scale…
Demonstrate A Fair Position Of Your Company With Fixed Asset Valuation
Over time, your business will experience ups and downs and developments. Especially if your business has been running for many years. This of course has an impact on the value of assets related to the business you are in. For this reason, it is necessary to evaluate the fixed assets owned by the company or…
Valuation Of Fixed Assets Of The Enterprise
In accounting, fixed assets come at historical cost. Over time, the value of assets changes, therefore, for the valuation of fixed assets, replacement or residual values are used. Fixed assets are used for a long time and their cost can significantly affect the indicators of the financial condition of the enterprise. However, due to inflationary…
Fixed Asset Valuation: What It Is Aimed At?
Fixed assets are an accounting item. It is a term for the things that are invested in to run a business. It can be anything from a car to office furniture or a patent. In order for an asset to be described as a fixed asset, it must have an expected useful life of more…
Fixed Asset Valuation And Management: How It Can Help In Decision Making?
Assets are mandatory things that must be taken into account, both by individuals and by companies. Why is that? Because assets are a measure of the level of wealth owned by a person or an institution. Then, what if the assets themselves cannot be coordinated properly, so that their use does not reach the optimal…
Keep Control Over Your Assets With Fixed Asset Management Services
Fixed asset management is a practice of continuously managing all of the company’s assets, whether tangible or intangible. More and more often, this management of fixed assets also involves monitoring accounting depreciation over time. In an increasingly complex national and international regulatory framework, this is indeed a major regulatory issue. Fixed asset management is a…