December 10, 2009 at 3:04 pm
Asset tracking is often considered to be an imposition on US businesses purely as a consequence of SARBOX, but asset tracking is more than just an accountancy compliance issue.It’s a vital part of informed and sound management. Assets must be managed financially and physically and to do that you require knowledge of just where all your assets are. Many companies rely on a conventional spreadsheet approach to try to keep track of their fixed assets in an attempt to ensure the company is compliant with national and international regulations. Read the rest of this entry »
December 10, 2009 at 3:03 pm
Asset tracking is often considered to be an imposition on US businesses purely as a consequence of SARBOX, but asset tracking is more than just an accountancy compliance issue.It’s a vital part of informed and sound management. Assets must be managed financially and physically and to do that you require knowledge of just where all your assets are. Many companies rely on a conventional spreadsheet approach to try to keep track of their fixed assets in an attempt to ensure the company is compliant with national and international regulations. Read the rest of this entry »
December 10, 2009 at 3:01 pm
With US finance departments and corporate governance being held increasingly accountable under the stringent requirements of Sarbanes-Oxley (Sarbox) and IFRS in particular, the need for an asset tracking system has never been greater for US companies or their overseas operations.Company accountants have to ensure they remain up-to-date with the compliance requirements for their sector and CEOs and CFOs must be in a position to personally certify that the company’s books and records do not contain untrue statements and fairly represent the company’s results or face severe penalties for Sarbox violations.
For that reason alone it’s wise to invest in a fixed asset accounting package. At the level of accounting complexity required in today’s legislative and business environment, spreadsheets can quickly become complex and difficult to verify. Read the rest of this entry »
December 10, 2009 at 3:00 pm
With US finance departments and corporate governance being held increasingly accountable under the stringent requirements of Sarbanes-Oxley (Sarbox) and IFRS in particular, the need for an asset tracking system has never been greater for US companies or their overseas operations.Company accountants have to ensure they remain up-to-date with the compliance requirements for their sector and CEOs and CFOs must be in a position to personally certify that the company’s books and records do not contain untrue statements and fairly represent the company’s results or face severe penalties for Sarbox violations.
For that reason alone it’s wise to invest in a fixed asset accounting package. At the level of accounting complexity required in today’s legislative and business environment, spreadsheets can quickly become complex and difficult to verify. Read the rest of this entry »
Asset tracking is often considered to be an imposition on US businesses purely as a consequence of SARBOX, but asset tracking is more than just an accountancy compliance issue.It’s a vital part of informed and sound management. Assets must be managed financially and physically and to do that you require knowledge of just where all your assets are. Many companies rely on a conventional spreadsheet approach to try to keep track of their fixed assets in an attempt to ensure the company is compliant with national and international regulations. Read the rest of this entry »