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Bab Al Ajaeb Consultancy offers comprehensive fixed asset management solutions designed to help you maintain and monitor your assets with precision. Our services include:
Policy and Procedure Development: Developing tailored policies and procedures for the acquisition, utilization, maintenance and disposal of fixed assets.
Internal Control Development: Assisting in the establishment of robust internal controls related to fixed assets to ensure accuracy, compliance and security throughout the asset lifecycle.
Fixed Asset Register Management: Establishing and maintaining a comprehensive asset register to document key information for each asset inventory.
Asset Tagging and Identification: Implementing unique asset tagging methods for efficient tracking and identification of individual fixed assets.
Asset Physical Verification and Register Reconciliation: Conducting on-site inspections to verify asset existence, condition and location and reconciling it with the asset register to identify and rectify any discrepancies.
Fixed Asset Accounting: Providing guidance on capitalization, depreciation methods, useful life assessment and depreciation expense calculation in accordance with accounting standards.
Process Improvement and Best Practices: Assessing current fixed asset management processes to identify improvement areas and align them with industry best practices.
