Fixed Asset Management Practice in Ethiopia

Fixed asset management in public sectors is one of the most challenging areas in many countries of the world. Businesses are cautious in managing their long-term assets properly and avoid unnecessary holding of these assets. Moreover, they record, depreciate, and dispose of the assets properly. However, this is not practical in public sectors. The problem is manifold in Ethiopia. Excessive holding, failing to value, depreciate, and dispose of the assets are the main challenges, and due to these challenges the loss resulting from mismanagement of the assets is substantial. Thus, it is advisable to invest properly in fixed assets and design appropriate management system which will help the government in reducing investment costs in long-term assets and ensuring proper utilization of public properties.

Autorentext

Ato Tadewos Mentta has obtained his BA in Accounting in 2006 and MA in Public Financial Management in 2009. Since 2006 he has been working as a lecturer in Ethiopian Civil Service University. He thinks that this book will give some insights to the government so that the fixed asset management system will be improved to ensure efficiency.