Real Asset Management has recently helped Shropshire Rural Housing Association with its transition to the FRS 102 auditing and reporting requirement. The housing provider had originally been using RAM’s component accounting software since the introduction of component accounting under SORP 2010. Rachael Fullwood, financial accountant, Shropshire Rural Housing Association, said, “The time saved by appointing…
Shropshire Rural Housing hits FRS 102 with Real Asset ManagementRead More →
Real Asset Management
Real Asset Management helps Thames Valley Housing’s component accounting
Thames Valley Housing Association has reported that it has made a smooth transition to the FRS 102 financial requirement with a component accounting solution from Real Asset Management. Thames Valley Housing Association has been using Real Asset Management’s component accounting software since 2007 to control and manage its £565 million asset base. The system was…
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Hendre selects Real Asset Management for FRS102 and SORP
The Hendre Group has selected Real Asset Management to deliver a component accounting solution to cover the group’s fixed assets and ensure compliance with key accounting standards. The new system will replace its manual, spreadsheet-based processes which had become inefficient in supporting its large volume of data, while key reports had become too cumbersome to…
Hendre selects Real Asset Management for FRS102 and SORPRead More →
RAM enables component accounting and FRS 102 compliance for CHS Group
CHS Group has successfully moved to the FRS 102 accounting requirements using component accounting software from Real Asset Management. Under SORP 2010, CHS saw its asset register increase from around 2,000 property records to over 26,000 componentised assets. Eager to upgrade from its previous spreadsheet-based system when component accounting was first introduced, CHS Group recognised…
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Asset tracking is not just for Christmas, Easter or Year-End
From IT equipment, including laptops and mobile phones, to furniture, fixtures and fittings, assets within housing providers are on the move. It may sound like a scene from Dr. Who, but the reality is that the assets owned by housing providers are not only deployed within the physical boundaries of head offices but increasingly in…
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Cardiff Community Housing uses RAM for SORP compliance
Real Asset Management has been helping Cardiff Community Housing Association with its compliance with continually-evolving SORP regulations and component accounting. When the SORP regulations initially changed in 2010, CCHA was using Open Accounts combined with Excel spreadsheets to keep track of its assets. Not only was this time-consuming, it was susceptible to human error as…
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