Fixed Assets and Depreciation System

The proposed computerized system for managing fixed assets and depreciation within the company records and tracks fixed assets (such as cars, land, buildings, etc.), evaluates their current cash value, monitors depreciation allocation, asset locations, and operational dates. The system generates required reports. To accomplish these tasks, the system includes functions to integrate it with the general accounting and budgeting system as follows:

1. Data Entry Phase:

a. Company's fixed assets.

b. Depreciation rates.

c. Cost centers associated with assets.

d. Depreciation allocation.

e. Asset configuration.

f. Depreciation accumulator.

2. Transaction Entry Phase:

a. Adding assets.

b. Capital expenditures.

c. Asset retirement.

d. Asset reactivation.

e. Asset disposal.

3. Report Generation Phase:

a. Fixed assets register.

b. Fixed assets inventory statement.

c. Asset details statement.

d. Depreciation details statement (total and analytical).

e. Depreciation value details during a period (total and analytical).

f. Depreciation value comparison statement (across periods).

g. Statement of added assets.

h. Statement of disposed assets.

i. Capital expenditure register.

j. Statement of assets with modified depreciation rates.

k. Total assets by asset type.

l. Total assets by production unit.