Scribd
Upload
9 views2 pages

High Level Flow Chart of Asset Management

The document outlines the high-level flow chart for asset management, detailing the processes for asset incorporation, transfer, and disposal. Each step requires specific proposals and approvals from the Board of Directors, with necessary information to be provided at each stage. The flow chart emphasizes the importance of following the company-approved formats and maintaining records throughout the asset management process.

Uploaded by

Mehadi Hasan
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
9 views2 pages

High Level Flow Chart of Asset Management

The document outlines the high-level flow chart for asset management, detailing the processes for asset incorporation, transfer, and disposal. Each step requires specific proposals and approvals from the Board of Directors, with necessary information to be provided at each stage. The flow chart emphasizes the importance of following the company-approved formats and maintaining records throughout the asset management process.

Uploaded by

Mehadi Hasan
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

High Level Flow Chart of Asset Management

Start

Finance will use Company Approved Asset


Incorporation Format (for all new and existing )
with Details (Asset Code, Date of Purchase,
If no, then discard the Objective, Location, Value, Depreciation,
Asset Incorporation Written down value, further investment for
Proposal. And take action enhance life, capacity or performance etc.)
as per advised. approval of Board of Director’s.

Yes
No Yes/No

By Board of
Director

Incorporate into the Asset

Asset Transfer proposal within the Organization will


be raised by individual Deptt. to Admin for initial
review and finally verified by Head of Plant and
If no, then discard the forwarded to Finance/Head Office. The proposal
Proposal. format will be consists of the following information
(Details of the Asset, current using location, proposed
transfer location, reasons for transfer request).
Finally approach for approval of Board of Director’s.

No Yes
Yes/No

(By BOD)
Approved by Board of Director’s. Then go for
Transfer

Asset Disposal Proposal will be raised by using


approved format as per earlier prescribed
process with the information (Details of the
If no, then discard the Asset, current using location, Book value details,
Proposal. and reasons for Disposal etc.). Seeking approval
from Board of Director’s.

No Yes

Yes/No

(By BOD)

Approved by Board of Director’s. Then go


for Disposal and maintain a register of
disposal.

End

You might also like