Asset Management Brief Notes
This query is : Resolved
24 November 2010
Please give asset Management information for ERP implementation purpose in our office. What are the major Assets and Categories ?
Please give asset Management information for ERP implementation purpose in our office. What are the major Assets and Categories ?
25 November 2010
Please consider the following points:
1)classify the assests into tangibe & intangible assets
2)Major Assets & categories can be availed from the Schedule of Depreciation or Scheduel VI of the companies act
3)Please ensure that if you are purchasing the asset by taking the loan then the treatment of AS-16 is properly given.
4)In case the assets are or will be purchased in foreign currency then the treatment of AS-10 is properly given.
5)while ERP implementation please check whether the revaluation entries are properly passed.
6)Assets purchase for more than/less than 180 days bifurcation should be done by ERP system since the same is necessary for depreciation purpose.
1)classify the assests into tangibe & intangible assets
2)Major Assets & categories can be availed from the Schedule of Depreciation or Scheduel VI of the companies act
3)Please ensure that if you are purchasing the asset by taking the loan then the treatment of AS-16 is properly given.
4)In case the assets are or will be purchased in foreign currency then the treatment of AS-10 is properly given.
5)while ERP implementation please check whether the revaluation entries are properly passed.
6)Assets purchase for more than/less than 180 days bifurcation should be done by ERP system since the same is necessary for depreciation purpose.
25 November 2010
Thank U Sir,
Murali P N
Thank U Sir,
Murali P N
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Itr 1 processing
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 1: Details for showing Exempt Income
- TDS ON CASH WITHDRAWALS...
- LIC Annuity received under Jeevan Akshay Scheme
- Delisted shares sold in off market/ Rebate u/s87A
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
