Faculty of business department of accounting an assessment of fixed asset managementin the

1.4. Objective of the Study
1.4.1. General Objective
The aim of this study is to assess the effectiveness of internal control system over fixed asset
1.4.2. Specific Objectives
S
To evaluate the responsibilities of fixed assets managers
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The study is conducted to evaluate whether there is legislative frame work on disposal of 
plant assets
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To evaluate the system that AAU puts into practice the basic elements of fixed asset 
management.
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To assess the effectiveness of fixed assets maintenance and safeguarding process.
1.5 Significance of the Study
The research team believed that the outcome of this study have multi-dimensional significance; 
some of them are;
. This study gives important suggestion that were help the organization for appropriate and 
practical fixed asset management solution and specialties.
. To indicate that the issue is yet potentially a research area and also use as a reference for further 
studies
. It used as a capacity building in the area of research for the research team.
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1.6. Scope of the Study
The study covered the plant asset management drawn from January 2013 to December, 2013 on 
Addis Ababa University, 6 kilo campus. This project is limited on effectiveness of fixed assets 
purchasing process, its legislative framework and responsibilities of fixed asset managers and 
supervisors and other associated personnel.
1.7. Research Design and Methodology
1.7.1. Research Design
The research team used descriptive research method in order to describe the fixed asset 
management of Addis Ababa University. As the name implies, the major objective of the 
descriptive research is to describe the functions and managerial system of current asset.