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When Fixed Assets Cause Inaccuracies in Financial Statements: A Controller's Perspective

Sponsored By BNA Software

Topics:: Accounting; Budgeting & Planning; Compliance & Governance

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Abstract:: This white paper shares BNA's own controller's perspective regarding proactive strategies to eliminate financial statement errors and avoid the hassles and embarrassment of restatements. Learn how comprehensive fixed asset software can prevent the pain of statement errors. Inaccuracies in a company's financial statements can be costly in many ways. The worst scenario occurs when the financial statements have to be restated because of these errors. The more asset-intensive a company is, the greater the possibility for fixed asset accounting errors and the more likely such errors will create significant misstatements in the company's balance sheet and income statement. This white paper addresses several errors that can potentially arise from, as well as some of the ramifications and causes of, poor fixed assets management. It also explains from a controller's perspective why this is so often overlooked and what you might do to prevent it from happening in your organization.

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Released: January 11, 2012

Length: 4 pages

Format: PDF (115 kb)

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