MANAGEMENT OF FIXED ASSETS: THE CASE OF DH GEDA TRADE AND INDUSTRIES

Abstract

Fixed asset plays an important role in company's goals and objectives. That supports the aim of the organization. One of the reasons for managing fixed asset through the best management system is to make the organization more profitable, because they are usually high value and need to be managed properly. It is the full life cycle management of fixed asset in order to maximize their contribution and "value add "that is from the initial planning stage through until assets need to be disposed or replaced. The purpose of this study is to assess the problems that relates to fixed asset management of the company and to analyze fixed asset efficient utilization of Dh Geda Industries. Descriptive method of research was used and data has been collected from primary and secondary sources. In obtaining information from the primary data questionnaire was developed. The study stratified in to three groups of population and purposive sampling techniques were used. The analysis of primary and secondary data shows that the company has been trying to adopt fixed asset management but seen a lot problems like Not well designed system of fixed asset management, lack of following maintenance stages and poor keeping of maintenance recording. However; the study concluded that the company has problems need to improve. So it is recommended to strength its fixed asset management system.