Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)

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Fixed Assets Inventory Management of an International Organization: Issues and Challenges Amidst Covid-19 Pandemic

Authors
Maricel Subieto Co1, *, Flormando P. Baldovino1
1Manuel S. Enverga University Foundation, Enverga Blvd, Ibabang Dupay, 4301, Lucena, Quezon, Philippines
*Corresponding author. Email: E18-3503@student.mseuf.edu.ph
Corresponding Author
Maricel Subieto Co
Available Online 4 February 2023.
DOI
10.2991/978-2-494069-99-2_18How to use a DOI?
Keywords
Fixed assets; Inventory management; Physical verification of asset; Covid-19 pandemic; West Africa
Abstract

This study was to assess the issues and challenges encountered in the physical verification of fixed assets during Covid-19 compared to the normal practices of fixed assets inventory management. It focused on discovering why fixed assets inventory management employees were experiencing these challenges and how they dealt with the difficulties during the Covid-19 pandemic. An organization has thousands of physical fixed assets and it’s crucial to know their operating condition and location. The prolonged disruption caused due to Covid-19 has further resulted in improper verification & maintenance of records to validate the existence and ownership of assets; therefore, identifying, tracking, and controlling inventory by means of physical verification is critical for preventing the misappropriation of assets and the organization’s smooth operation. Asset verification effectively keeps track of asset details, ensure control, and prevent misappropriation.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
4 February 2023
ISBN
10.2991/978-2-494069-99-2_18
ISSN
2352-5428
DOI
10.2991/978-2-494069-99-2_18How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Maricel Subieto Co
AU  - Flormando P. Baldovino
PY  - 2023
DA  - 2023/02/04
TI  - Fixed Assets Inventory Management of an International Organization: Issues and Challenges Amidst Covid-19 Pandemic
BT  - Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)
PB  - Atlantis Press
SP  - 205
EP  - 224
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-2-494069-99-2_18
DO  - 10.2991/978-2-494069-99-2_18
ID  - Co2023
ER  -