A STUDY OF FIXED ASSET MANAGEMENT

This research paper delves into the critical realm of fixed asset management, exploring the strategies, challenges, and impacts of efficient management practices on organizational performance. Fixed assets management refers to the systematic process of acquiring, tracking, maintaining, and disposing of physical assets owned by a business or organization. These assets, also known as property, plant, and equipment (PP&E), have a long-term useful life and are not easily converted into cash. The goal of fixed assets management is to optimize the utilization of these assets, ensuring they contribute effectively to the organization’s operations while minimizing the total cost of ownership. This study investigates the methodologies employed in acquiring, maintaining, and depreciating fixed assets, examining their implications on financial health, operational efficiency, and strategic decision-making within businesses. The analysis focuses on various aspects of fixed asset management, including depreciation methods, asset tracking systems, lifecycle management, risk assessment, and regulatory compliance. Methodologically, a mixed-methods approach is employed, combining quantitative analysis of financial data pertaining to fixed assets with qualitative assessments through case studies and expert interviews. By synthesizing these diverse methodologies, the research aims to provide comprehensive insights into the correlation between robust fixed asset management practices and organizational success. The findings of this study aim to offer practical implications for businesses, guiding them in formulating and implementing optimized strategies for managing fixed assets. (