Fixed Assets and Depreciation System

The proposed computerized system for the Fixed Assets and Depreciation Management in the company is designed to register and evaluate fixed assets (such as cars, lands, buildings, etc.) in terms of their cash and current values. It also monitors depreciation allowances, asset locations, and operational start dates. The system is capable of generating the required reports. To achieve these tasks, the system includes functionalities to integrate with the General Accounting and Budgeting System:

  1. Data Entry Phase:

    • Company's Fixed Assets.

    • Depreciation Rates.

    • Cost Centers associated with assets.

    • Depreciation Allowance.

    • Asset Configuration.

    • Depreciation Accumulation.

2.Stage of Transactions Entry:

  1. Adding an Asset

  2. Capital Expenditures

  3. Asset Shutdown

  4. Asset Restart

  5. Asset Disposal

Reporting Stage:

  1. Fixed Assets Register

  2. Fixed Assets Inventory Report

  3. Fixed Asset Statement

  4. Depreciation Details Report (Total and Analytical)

  5. Depreciation Value Details During a Period (Total and Analytical)

  6. Comparison Statement of Depreciation Values (Across Periods)

  7. Report on Newly Added Assets

  8. Report on Excluded Assets

  9. Capital Expenditures Register

  10. Report on Assets with Modified Depreciation Rates

  11. Total Assets by Asset Type

  12. Total Assets by Production Unit