Purchase Solution

Financial Accounting : Effective Asset Management

Not what you're looking for?

Ask Custom Question

What are the benefits of effective asset management?

Purchase this Solution
Solution Summary

The benefits of effective asset management are discussed in detail.

Solution Preview

The benefits of effective asset management are virtually endless, but the main ones are listed below:

Hardware and Software is expensive, effective management of these assets will save your organisation substantial purchasing costs by enabling you to avoid unnecessary purchases, and negotiate better discounts with your suppliers

Asset management can tell you what is where, enabling you to allocate your resources effectively and to ...

Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Operations Management

This quiz tests a student's knowledge about Operations Management

View More Free Quizzes
Related BrainMass Solutions

  • Benefits of effective asset management

    Effective Asset Management addresses the most daunting financial challenges faced by the finance, IT, accounting, contracts, and help desk departments - invoice reconciliation, lease management, contract management, inventory management, depreciation,

  • Limitations of Financial Ratio Analysis for Non-Profit Organizations

    The exclusion of off-balance sheet items limits the effective use of financial ratios that might otherwise verify management concerns. Non-profit organizations do not work to earn profit, rather, they operate to serve society as a whole.

  • Differences between Notes Receivable and Accounts Receivable

    What are the benefits of effective asset management?

  • Information as an Asset

    Hotel Accounting and Management Systems: These are primarily accounting systems that help hotels maintain accurate and up to date accounts. These facilitate the preparation of periodic financial statements and help control the cash flow.

  • Business Objectives and Critical Success Factors

    • Proper policies and procedures for the acquisition, management and disposal of asset Recommendation Effective management systems should be established to track all costs of maintaining and selling assets.

  • Depreciation continues to be one of the most controversial,

    Explain the conventional accounting concept of depreciation accounting. -- The conventional accounting concept of depreciation accounting allows the company (or other purchaser of an asset) to decrease the carrying value of the asset, which is accomplished

  • Oracle Financials Demo

    The solution looks at account receivable, account payable, asset management, general ledger, and fixed assets.

  • Expenditure and Production Cycles

    It provides support for Financial Accounting, fixed asset management, financial dashboards, payment management, and financial statements. References: Accounting Information Systems, Ulric J. Gelinas, Jr., Richard B. Dull, Patrick R.

  • Coca Cola Company and PepsiCo

    SFAS 143 addresses the financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs.

View More Related Solutions