Fixed Assets Management
FAM is an accounting process to keep a track on companies Fixed Asset for the purpose of financial accounting ,asset maintenance and theft prevention
- FAM aims to track the location, quantity, condition, maintenance and depreciation status of their fixed assets
- FAM consists of two activities namely –
- Fixed Assets Verification (FAV)
- Fixed Assets Register (FAR)
Activities performed under FAV/ FAR
- Achieve regulatory compliance applicable to the organization
- Identification of any ghost assets in the books of accounts
- Assistance in performing dynamic inventory verification
- Ensure accurate depreciation calculation for reporting purposes
- Assistance in movement and disposal of asset in a proper manner
- Ascertainment of variance between books and physical verification
- Bar Coding of individual asset tags will significantly reduce the effort necessary for verification of inventories
- Enables multiple concurrent inventories with centralized reconciliation
- Ascertain fair value of the fixed assets that may reduce insurance and tax costs
- Track’s origin and destination of transferred assets. Lists transfer date, acquired values
- TRC Pamco Middle East expertise lies in FAM and our vast knowledge in this activity helps to provide ready solutions to our elite clientele in all sectors.
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KAD Air Conditioning
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Bin Dasmal General Trading
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Bin Dasmal Group
TRC Pamco audit firm is providing excellent services to their clients.
Sachisa Water Filter
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