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

Table 4: Description of Evaluating the Responsibilities of fixed assets
managers
No Description
No 
of 
respondents
Percentage
1
Gathering of information in order to identify inventory fixed 
assets?
13
92.8
Yes
1
7.2
No
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Total
14
100
2
Is there a mechanism of counter checked the count with the 
registration book?
11
78.5
Yes
3
21.5
No
Total
14
100
3
Have you ever seen the problem on the counting of fixed asset?
Yes
4
28.6
No
10
71.4
Total
14
100
4
Is there a mechanism to updating the registry of fixed assets?
Yes
12
85.7
No
2
14.3
Total
14
100
Source; Questionnaire
As can be seen on the item 1 of table 4 showed that the managerial office is 92.8% gathering 
information in order to identify inventory of fixed assets. This implies that the management of 
the University properly gathered information about the inventory of fixed asset.
On the item 2 of table 4, 78% of the respondents respond that there is counter checking of 
inventory assets from the registration book in the University. This implies that the management 
evaluates or crosschecks the reliability of the count report.
Item 3 of the same table, 71.4% of the respondents observed the problems while counting of 
fixed assets. This implies that the management of the University didn’t perform properly the 
counting of fixed asset. As it can be indicated on the item 2 the cross checking mechanism 
required to solve this problem.
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On the item 4, 85.7% of the respondents replied that there is a mechanism in the University to 
updating of the fixed asset registry. This implies that there is updated data information about the 
fixed in the University.
Table 5: 
Description of Disposal of Plant Assets as Per Legislation.
No Description
No of
Percentage
respondents
1
Does the University perform properly the disposal of fixed
assets?
Yes
12
85.7
No
2
14.3
Total
14
100
2
Does the installation problem considered during disposing of
fixed assets?
Yes
2
14.3
No
12
85.7
Total
14
100
3
The fixed assets scrapped or retire from use only the basis
of written authorization of top manager
Yes
7
50
No
7
50
Total
14
100
Source; Questionnaire
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The above table indicates the reveals that 85.7% of employers said yes the disposal of fixed 
assets are performed as per legislation. As the number 85.7% indicated that the installation of 
fixed assets disposal is properly done. The proportion of fixed assets scrapped from use on the 
basis of written authorization of top manager is 50%.and this problem was occurred by Fixed 
assets are not disposed at the right time. This implies that the University properlydispose the 
fixed asset, decisions are made regarding disposal of fixed assets without detail assessment and 
some fixed assets installed in proper place.