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fixed asset

Fixed Assets

Fixed Assets What is a ‘Fixed Asset’ ? A fixed asset is a long-term tangible piece of property that an organization owns and uses in the production of its income and is not expected to be consumed or convert into cash any sooner than at least one year’s time. Fixed assets are sometimes collectively referred […]

componentization

Fixed Asset Componentization

Fixed Asset Componentization Fixed Asset Componentization is the practice of separating the asset into component parts. Fixed assets are the building blocks of most of the organizations. Utmost care is required to manage these assets to achieve maximum productivity. There are different techniques to achieve this, and one such technique is asset componentization. When the […]

classroon

Fixed Assets Auditing in Educational Institutions

Fixed Assets Auditing in Educational Institutions Fixed Assets Fixed Assets in the shape of land, building, and equipment constitute a major chunk of the assets of an educational institution. Timely maintenance, effectively tracking and performing audit of these assets is mandatory for educational institutions. Asset auditing ensures the accurate records of internal assets. Asset auditing […]

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