The public sector is facing up to IFRS (international financial reporting standards) and seizing the opportunity to use the asset register to maximise business benefits. It’s true that the new IFRS reporting complexity, combined with an extraordinary increase in asset numbers, does present a series of challenges to financial departments. But in time, the new…
IFRS – best practice or bustRead More →
Real Asset Management
£280m Bassetlaw assets now SORP compliant
Bassetlaw District Council has met its SORP accounting requirements for its £280 million fixed assets with Real Asset Management’s Asset4000 system. The annual Statement of Recommended Practice (SORP), which becomes mandatory from March 2009 for local authorities and many other public bodies, changes the reporting process for annual accounts. The overall objective of SORP is…
£280m Bassetlaw assets now SORP compliantRead More →
Accounting for Southern Housing’s assets
Southern Housing Group has successfully moved to component accounting for its portfolio of 24,000 properties with software from Real Asset Management. SHG now meets the new SORP requirements and is using its database of 215,000 assets to improve information flow and reduce the cost of its annual audit. Rai Agostini, financial planning analyst, Southern Housing,…
Accounting for Southern Housing’s assetsRead More →
No more spreadsheets for Brent Housing Partnership
Brent Housing Partnership has implemented an asset management system to replace its spreadsheets, enabling easier and more accurate tracking of its assets. BHP, a three-star arm’s length management organisation created in 2002, looks after 13,000 properties on behalf of Brent Council. After recently relocating from the council’s buildings into separate offices, BHP assumed responsibility for…
No more spreadsheets for Brent Housing PartnershipRead More →
