Bárbara Frazato

Internal Control of Fixed Assets: Best Practices and Tips

Leave a Comment / Blog / Bárbara Frazato

Internal control of fixed assets refers to the policies, procedures, and practices implemented within an organization to safeguard and manage its fixed assets effectively. Fixed assets typically include long-term tangible assets such as land, buildings, machinery, vehicles, and equipment that are used in business operations. The purpose of internal control is to ensure the proper […]

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Fixed Asset Advisory Services: A Comprehensive Guide

Leave a Comment / Asset Management / Bárbara Frazato

Fixed asset advisory services refer to specialized consulting services provided to businesses or organizations to help them effectively manage and optimize their fixed assets. Fixed assets are long-term, tangible assets such as land, buildings, machinery, equipment, and vehicles that are crucial for business operations and generate value over an extended period. Understanding Fixed Asset Advisory

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SOX Inventory Controls: Navigating Compliance and Risk

Leave a Comment / Compliance / Bárbara Frazato

In the high-stakes world of financial compliance, understanding SOX inventory controls is not just important—it’s absolutely critical. The Sarbanes-Oxley (SOX) Act has transformed the landscape of corporate accountability, and inventory controls are at the heart of this seismic shift. Whether you’re a seasoned finance professional or new to the field, mastering SOX inventory controls can

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RFID Tags for Inventory Tracking: A Comprehensive Guide

Leave a Comment / RFID / Bárbara Frazato

RFID tags for inventory tracking have greatly transformed the way businesses manage their stock. By attaching these RFID tags to items in inventory, real-time monitoring of stock levels and movements becomes an effortless task. These tags are read by RFID readers placed at key points in the supply chain, capturing data and providing accurate information

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Asset Tagging Services: A Comprehensive Guide

Leave a Comment / Asset Consulting, Asset Management / Bárbara Frazato

In today’s digital age, efficient asset management is more crucial than ever. This is where a key component comes into play: Asset Tagging Services. Imagine being able to track, manage, and optimize all your valuable assets with just a few clicks. Sounds too good to be true? Well, it’s not. But here’s the catch: not

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Unlocking Real-Time Data Visibility In your Inventory Management with RFID Systems

Leave a Comment / RFID, Asset Management / Bárbara Frazato

Efficient inventory management is a critical aspect of running a successful business. As technology continues to advance, traditional inventory management methods are being replaced by more advanced and automated systems. One such technology that has revolutionized inventory management is Radio Frequency Identification (RFID). Businesses can streamline their operations, enhance inventory accuracy, and gain real-time visibility

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A Guide to Complying with ASC 350 Intangibles – Goodwill and Others

Leave a Comment / IFRS, Asset Management / Bárbara Frazato

Intangible assets drive value and competitive advantage. Accounting for these intangibles requires a comprehensive framework, and that’s where ASC 350 (Intangibles – Goodwill and Other) comes into play. This article explores the key aspects of ASC 350, providing insights into the accounting and financial reporting requirements for intangible assets. What are Intangible Assets? Under ASC

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A Guide to Complying with ASC 360-10 Impairment Testing of Long-Lived Assets

Leave a Comment / IFRS / Bárbara Frazato

Accounting Standards Codification (ASC) 360-10, also known as the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 360-10, provides guidance on impairment testing of long-lived assets. These assets, such as property, plant, and equipment, are critical components of a company’s financial health. Adhering to ASC 360-10 ensures that companies accurately assess and report any

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Uncovering Higher Asset Visibility and Equipment Reutilization with RFID Tracking Tags

Leave a Comment / RFID / Bárbara Frazato

Radio Frequency Identification (RFID) tracking tags have emerged as a game-changing technology, revolutionizing the way companies track and manage their equipment inventory. Organizations use the wireless item identification properties and bulk data collection from RFID tracking tags to uncover real-time inventory data and higher asset visibility, improving equipment reutilization levels. What Is a RFID Tracking

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Top 5 Threats to Sarbanes-Oxley Section 404 Compliance

Leave a Comment / Asset Management / Bárbara Frazato

The Sarbanes-Oxley Act (SOX) of 2002 was enacted to improve corporate governance and financial transparency in the wake of several high-profile accounting scandals. Section 404 of SOX requires publicly traded companies to establish and maintain internal controls over financial reporting. Many organizations underestimate the necessary scope of the documentation, evaluation, and testing efforts, as well

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