COMPUTERIZATION OF FIXED ASSETS MANAGEMENT AND CONTROL IN AN ORGANIZATION (A CASE STUDY OF PEUGEOT AUTOMOBILE NIGERIA LIMITED)

Abstract

ABSTRACT Fixed Assets Accounting seeks to record transactions involving acquisition of items or material called .. 'FIXED ASSETS: which are not meant for resale in the ordinary course of organization? business except on liquidation or winding up. These fixed Assets are put into business use in order to generate revenue or income for the organization -that-owns them.- Therefore there is need for proper management of such Assets in other to avoid undue wear and tear through usage. Consequently, most business organization co-ordinates the management of Fixed Assets through the use of Fixed Assets. Register, in a bind form and appropriate amortization carried out monthly though depreciation accounting. Due to this monthly routine task of calculating depreciation, addition or disposal of assets being done manually makes it tedious, especially in large business concems- blue Vi chip multi-national companies, the needs for automation arises. In this work manually done Fixed Assets management -would be fully automated, thereby leading to a greater efficiency, accuracy and timely routine reports of thus tedious task