FRS has extensive experience in the management of fixed assets and applies IFRS principles in the construction of an IFRS compliant fixed asset register based on physical assets located within the organization.
FRS has been involved in the planning, supervision, photographic recording, tagging and physical counting of network assets and their subsequent reconciliation to the current fixed asset register and / or general ledger. The resulting excel manual fixed asset register can be maintained until it is transferred to an appropriate electronic register.
Our mission is to implement IFRS standards to bring transparency, accountability and efficiency to financial departments. FRS has 12 years of experience in implementing IFRS Standards in the telecoms industry including, fixed asset register design and implementation in ERP systems in compliance with IFRS in various African countries.
FRS is also well versed in data transformation and reconciliation processes required for uploading and testing the transfer of manual excel fixed asset record into an electronic fixed asset record. We have experience with Hardcat, Sage 500, Sage X3, Syspro and IFS. Although the process differs between ERP systems the basic principles remain the same.
To achieve a sustainable IFRS compliant Fixed Asset Register can be a lengthy and complicated project. With our extensive experience we can guide you through the process.
FRS have extensive experience in implementing IFRS standards for the preparation of company financial statements.
FRS specialize in the componentisation and management of complex and regular fixed assets from the cradle to the grave.
FRS work closely with ERP vendors to ensure smooth integration of the fixed asset register into their ERP Solutions.
The right information with the right insights can drive revenue growth and reduce and help manage risks.
FRS work closely with your staff provide hands-on training for the management of your fixed assets.
FRS provides post implementation support as well as ongoing SLA support for your fixed asset management team.