Fixed Assets Inventory Management of an International Organization: Issues and Challenges Amidst Covid-19 Pandemic
- DOI
- 10.2991/978-2-494069-99-2_18How to use a DOI?
- Keywords
- Fixed assets; Inventory management; Physical verification of asset; Covid-19 pandemic; West Africa
- Abstract
This study was to assess the issues and challenges encountered in the physical verification of fixed assets during Covid-19 compared to the normal practices of fixed assets inventory management. It focused on discovering why fixed assets inventory management employees were experiencing these challenges and how they dealt with the difficulties during the Covid-19 pandemic. An organization has thousands of physical fixed assets and it’s crucial to know their operating condition and location. The prolonged disruption caused due to Covid-19 has further resulted in improper verification & maintenance of records to validate the existence and ownership of assets; therefore, identifying, tracking, and controlling inventory by means of physical verification is critical for preventing the misappropriation of assets and the organization’s smooth operation. Asset verification effectively keeps track of asset details, ensure control, and prevent misappropriation.
- Copyright
- © 2023 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Maricel Subieto Co AU - Flormando P. Baldovino PY - 2023 DA - 2023/02/04 TI - Fixed Assets Inventory Management of an International Organization: Issues and Challenges Amidst Covid-19 Pandemic BT - Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022) PB - Atlantis Press SP - 205 EP - 224 SN - 2352-5428 UR - https://doi.org/10.2991/978-2-494069-99-2_18 DO - 10.2991/978-2-494069-99-2_18 ID - Co2023 ER -