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

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

Author

Listed:
  • Maricel Subieto Co

    (Manuel S. Enverga University Foundation)

  • Flormando P. Baldovino

    (Manuel S. Enverga University Foundation)

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.

Suggested Citation

  • Maricel Subieto Co & Flormando P. Baldovino, 2023. "Fixed Assets Inventory Management of an International Organization: Issues and Challenges Amidst Covid-19 Pandemic," Advances in Economics, Business and Management Research, in: Fanyu Chen & Keng Soon William Choo & Voon Hsien Lee & Chooi Yi Wei (ed.), Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022), pages 205-224, Springer.
    • Handle: RePEc:spr:advbcp:978-2-494069-99-2_18
    DOI: 10.2991/978-2-494069-99-2_18
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