This project is all about framing a guideline for fixed asset management suitable for any organization be it big or small. This will cover all the aspects of fixed assets management right from acquisition to disposal. The main features of this fixed asset management guideline are as follows:
1. Will help to mange fixed assets physical movement in a structured way
2. Will be extremely useful for those companies which employes ERP based fixed assets accounting, particularly those companies that are using SAP.
3. Will give a structure of the control aspects that need to be embedded to ensure safety and accountability of fixed assets lying in different locations.
4. The guideline will have detailed way forward for naming and coding of fixed assets with special emphasis on establishing traceability of individual assets.