Despite the debacle of Copenhagen and the growing band of “nay-sayers” about man-made global warming, governments around the world remain committed to Carbon Reduction Commitments (CRC) that many intend to pass into law. That’s certainly the case with the UK government, which is sticking to targets of reducing greenhouse gas emissions by at least 80% over 1990 levels by the year 2050.
Companies that achieve reductions will be financially rewarded and those that don’t will suffer the consequences. continue reading »
Asset tracking is often considered to be an imposition on US businesses purely as a consequence of SARBOX, but asset tracking is more than an accountancy compliance issue.It’s a vital part of informed and sound management. Assets must be managed financially and physically and to do that you require knowledge of just where all your assets are.Many companies rely on a conventional spreadsheet approach to try to keep track of their fixed assets to ensure the company is compliant with national and international regulations.
That’s particularly important with IT fixed asset tracking.IT equipment is at the heart of any business today and often changes during its operational lifetime.Components can be switched, replaced or upgraded.Software especially is frequently installed, uninstalled or upgraded. continue reading »
With US finance departments and corporate governance being held increasingly accountable under the stringent requirements of Sarbanes-Oxley (Sarbox) and IFRS in particular, the need for an asset tracking system has never been greater for US companies or their overseas operations. Company accountants have to ensure they remain up-to-date with the compliance requirements for their sector and CEOs and CFOs must be in a position to personally certify that the company’s books and records do not contain untrue statements and fairly represent the company’s results or face severe penalties for non-compliance, false declarations and other Sarbox violations.
For that reason alone it’s wise to invest in a fixed asset accounting package. continue reading »
Asset management can be the worst job you have to do in your business. Although everyone hates doing it because it takes time and can lose your business money if not done correctly, it’s still a vital part of any business. Getting the latest information about your assets can be difficult. continue reading »
Spreadsheets – they’re quite rightly the first port of call when trying to record any data in a simple, tabular form. Even though they don’t come will all the feature we would want plus they can be annoying to use, we still force ourselfs to use them. No doubt this is because they come free with our operating systems and the majority of people prefer to put up with a free one instead of buying a new one. continue reading »
Asset management can be the worst job you have to do in your business. Although everyone hates doing it because it takes time and can lose your business money if not done correctly, it’s still a vital part of any business. Getting the latest information about your assets can be difficult. continue reading »
Spreadsheets – they’re quite rightly the first port of call when trying to record any data in a simple, tabular form. Even though they don’t come will all the feature we would want plus they can be annoying to use, we still force ourselfs to use them. No doubt this is because they come free with our operating systems and the majority of people prefer to put up with a free one instead of buying a new one. continue reading »