We advise and assist organizations in carrying out assets inventory and electronic verification using our Laser Barcode Scanner. This involves identification of all assets of the organization taking into cognizance, its location, quantity, quality, year of purchase, codifying and computerized indexing of assets.
We consistently reconcile the physical fixed assets with the existing asset register, this enable us to know what is on ground physically that is not missing in the asset register and what is in the asset register that is not physically found on ground and produce a consolidated fixed assets register for your organization to ensure proper planning by the management.
With the present countdown on IFRS implementation, it has become pertinent for Companies to ensure that adequate records of Property Plant and Equipment (PPE) are maintained in the form of properly updated Fixed Assets Register (FAR) which should give information about relevant assets regarding age, cost, location, depreciation, book value, maintenance history etc. In the same vein, adequate records of stores and spares are required in order to ensure proper implementation of International Financial Reporting Standards (IFRS).
Apart from IFRS compliance, it is statutorily required by the Companies and Allied Matters Act that Companies should maintain Fixed Assets Register and there are penalties in the Law for non-compliance.
Even if we disregard compliance with legislation and standards, a Company is bound to reap bountifully from the maintenance of adequate FAR and some of the benefits derivable are:
As can be seen from the few examples above, benefits derivable from maintenance of Fixed Asset Register (FAR) are enormous and our Firm is prepared to partner with your Company towards ensuring proper implementation of this vital record. Our track record and experience in handling of similar project in manufacturing concerns and other operations will be of immense assistance in this respect.
We advise and assist organizations in carrying out assets inventory and electronic verification using our Laser Barcode Scanner. This involves identification of all assets of the organization taking into cognizance, READ MORE
Indelible Permanentmark systems are used with total confidence on a wide range of items such as computers, office equipment’s, furniture and fittings, plant & machinery, microwave radio communication… READ MORE
We provide a world-class Fixed Asset Management Software (Asset Performer), which aids in accomplishing the following:
We have expertise to handle Asset valuation of all types of properties including Plant & Machinery, Land & Buildings and other fixed assets for all purposes e.g. Insurance, Compensation, Open Market Value, .. READ MORE
We consistent assist organization for certification of qualifying capital expenditure on fixed assets for capital allowance claims. Our services include assets and cost reconciliation. We have rich experience to process and obtain Acceptance READ MORE
We have expertise to handle Asset Disposal of all types of properties including Plant & Machinery, Land & Buildings and other fixed assets for all purposes that are in Excess, Obsolete, Worn, Damaged and Scrap fixed assets. READ MORE
Topgy Systems designs, tests and produces high-quality, low-cost RFID inlays for supply chain, asset tracking and item-level applications. Our design team has years of RF experience which they leverage at every stage of the design process, READ MORE
We have expertise to handle PPE Impairment Test Audit for manufacturing and other related company, to achieve this enormous task below are some tasks that our team of professional Accountants, Engineer and Valuer will carry out on READ MORE
We have expertise to handle Spares/Parts Audit for manufacturing and other related company, to achieve this enormous task below are some tasks that our team of professional Accountants, Engineer and Valuer will carry out on : READ MORE
We have expertise to handle Liquids Fuel Audit for manufacturing and other related company, to achieve this task below are some tasks that our team of professionals will carry out on client site: REAND MORE
A physical inventory count is the practice of counting your retail products in person. The process typically involves a retail staff member (or team of workers) going through the retailer’ sales floor and stock room and counting each item. READ MORE
A patented solution, NACwall, from Netclarity encompasses a technology that inspects physical assets (devices like laptops, desktops, servers, firewalls, switches, routers, etc.) for any potential exploitable vulnerability READ MORE
