ASSESSMENT OF FIXED ASSET MANAGEMENT PRACTICE: THE CASE OF MOHA SOFT DRINK INDUSTRY SHARE COMPANY

Abstract

The main purpose of this study is to assess the fixed asset management practices in the case of MOHA soft drink industry S.C. 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. To conduct the study both qualitative and quantitative data were gathered through questionnaire and interview from the respondents and documentary view. It was used a purposive sampling technique, in collecting the relevant primary data. The collected data (N=63) were analyzed using descriptive statistics and SPSS 2021 tool was used to run the data. The study has found that there's no internal auditor at a branch and a head office level this indicated that the fixed asset management practice in the company has a gap. The fixed asset management practice in the MOHA soft drink industry share company has challenges, such as transferring or moving assets without informing the accounting department. As a result, the gap on fixed asset management practice has created a problem and weaken the internal control system. Therefore, it is recommended to improve on the gap identified and strengthen the internal control system.