Introduction to Fixed Asset Management

Fixed Asset Management (FIXAMT) module provides banks a complete financial control over the fixed assets throughout its life cycle from acquisition through depreciation and disposal, preventing any misappropriation of bank assets.

Fixed assets include items, such as land and buildings, motor vehicles, furniture, office equipment, computers, fixtures and fittings, and plant and machinery. Fixed asset lifecycle events are recorded as a dated activity, providing an efficient method of enquiring or tracking the asset life-cycle events. The following activities are supported:

• Register
• Capital Work-In-Progress
• Purchase or Acquire
• Depreciation
• Capital Improvement
• Transfer
• Dispose
• Write-off

Illustrating Model Parameters

Model Parameters are not applicable for this module.

Illustrating Model Products

Model Products are not applicable for this module.