Asset Management Standard Operating Procedure

Asset Management Standard Operating Procedure



A process in which a large number of organizations converge supplies and maintains a full-time or data asset management, including the system database, but not limited to (owned by individuals and property of the organization) refers to the assets, known widely management scale, any system for monitoring and maintaining the value of the organization or group of things. It can apply to physical assets such as buildings and intangible assets such as human capital, intellectual property and goodwill and financial assets. Asset management is a methodology for the deployment, operation and maintenance, refurbishment and disposal of unprofitable assets.

  • The purpose of the SOP includes asset management,
    • To verify if the assets were insured at all times.
    • Make sure you install well and efficiently and create an environment conducive to employees who work in the prior period.
    • Verify that all acquisition and renewal operations and the sale of fixed assets are correctly representing the records.
    • To verify that the accounting treatment of fixed assets in accordance with generally acquired accounting principles.

    List of Recommended Asset Management SOPs

    SOP-AS-001-Asset Procurement and Payment
    SOP-AS-002-Asset Tagging
    SOP-AS-003-Physical Verification of Assets
    SOP-AS-004-Asset Disposal
    SOP-AS-005-Asset Depreciation
    SOP-AS-006-Renting of Assets
    SOP-AS-007-Valuation of Assets
    SOP-AS-008-Asset Transfers
    SOP-AS-009-Asset Issuance and Control
    SOP-AS-010-Purchase and Leasing of Vehicles