CAFA – Certificate of acceptance on fixed assets in Nigeria One of the most important roles of IID (The Industrial Inspectorate Division (IID) of the Federal Ministry of Industry) is to inspect, value and certify capital expenditure incurred by businesses
Managing fixed asset in any automobile industry has never been easy with the implementation of IoT technology. Find out how automobile industry is adopting IoT.
Physical verification of fixed assets is a key priority for an organization, to ensure compliance, better asset management, and traceability of assets.
A fixed asset register contains the list of all the fixed assets a business owns. The FAR is maintained to keep track of book value of assets and depreciation.
ARO is a legal obligation associated with the retirement of a tangible long-lived asset in which the timing or method of settlement may be conditional.