We offer a number of areas of asset management and financial reporting support, including:
- the design and implementation of asset registers for insurance, financial and engineering applications
- asset retirement obligation profiling
- asset reconciliation
- useful life reporting
- depreciation profiling
- asset tagging
What makes Charterfields unique is our ability to design and implement solutions that match a client’s specific needs, rather than data presentation being limited to a generic offering.
Our detailed registers enable asset information to be quickly accessed and easily updated, ensuring decisions on asset management and financial reporting can be based on accurate information. When integrated with coded asset tagging, these inventories or registers can also be an invaluable tool in enterprise resource planning and costing.
We offer professional advice on asset retirement obligations (ARO) and depreciation profiling, based on our extensive knowledge and experience of physical asset lives and recoverable values on disposal.
This service includes physical and economic life statements to identify future effectiveness of investment and to enable life cycle costings to be produced and monitored.
For acquisitions, our advice enables the appropriate method of financing to be adopted, to match useful economic life expectancy with borrowing terms and repayment methods.
It is not uncommon to find that existing fixed asset registers do not provide sufficient information to physically identify assets or track expenditure incurred.
At Charterfields we can reconcile and update register data to assist managers, accountants and engineering teams with the management of business assets.
Asset tagging enables assets to be easily and effectively identified and provides an effective tool for maintaining accurate asset data. We can use our experience of asset lives and costs to assist local engineering teams with determining the appropriate level of tagging to ensure that ongoing management of the schedule is cost-effective and able to be managed.