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Physical Verification of Fixed Assets-Methodology

Posted @ January 9, 2016, 7:12 am under (Fixed Assets Verification)

Physical Verification,Tagging & Reconciliation of Fixed Assets

 
Methodology we follow for Verification of Fixed assets:
 
  • Fixed Assets Data Collection and Analysis involves Categorization, classification of fixed assets data.
     
  • Migration of Fixed Assets Data into Fixed Assets Management Software.
     
  • Printing of Verification Sheets and Tags.
     
  • Conduct Physical Verification and Tagging of Fixed Assets. 
     
  • Reconciliation of verification results with Fixed Assets Register (FAR).
     
  • Reporting of findings.
     
  • Discussion over Variances and Deliberation over their accounting treatment.

Comprehensive verification of Fixed Assets in Delhi & NCR, Maharashtra, Gujrat, Rajasthan, UP, Himachal Pradesh, Karnataka (Bangalore), Andhra Pradesh, Orissa, Mumbai, Goa. 


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