Articles & guides

When SAP PM logs a component replacement, FI-AA rarely derecognizes the old part — creating ghost components on your fixed-asset register. The mechanism, the IAS 16 exposure, and how to close it.

The existence assertion tests whether recorded PP&E actually exists. See how a verified, evidence-backed asset register is your audit + SOX 404 proof.

ASC 330 explained: lower of cost and net realizable value, the cost-flow methods GAAP allows, and why an accurate physical count is the foundation.

Unmanaged fixed assets quietly drain budgets: over-taxation, over-insurance, audit inflation, impairment exposure & more. See the 7 hidden cost buckets.

The fixed asset accounting cycle explained: acquisition, capitalization, depreciation, ASC 360 impairment, verification, disposal, and reporting under U.S. GAAP.

Step-by-step process and a reusable SOP template for running accurate warehouse cycle counts, plus best practices for inventory and operations managers.

How to collect accurate asset data for a CMMS from the plant floor — nameplate capture, asset hierarchy, criticality, and the field methods that make a CMMS implementation succeed.

How to design an asset hierarchy and equipment taxonomy for a CMMS — the levels, naming conventions, criticality, and the common mistakes that make maintenance data unusable.

A practical guide to ISO 14224 — the equipment taxonomy, its nine hierarchy levels, and the equipment, failure, and maintenance data categories — from a field data-collection perspective.

What a fixed asset physical inventory count requires: how often, who must count, the methodology auditors accept, and the GAAP, SOX & grant compliance rules.

GPS tracking stickers cost $20–$50 plus $5–$25/month. Learn how they really work, why most

Field-tested guide to CMMS asset verification. Learn the file-to-floor methodology, typical discrepancy rates (10-25% ghost assets), and how to reconcile Maximo, SAP PM, or Oracle eAM with physical reality.