As a crown entity, your school must comply with accounting Standard IAS-16. If you are struggling or don't have the time, we can help.
Standard IAS-16 required the value of assets within your school to be specified on an asset register and depreciation assessed to reflect a fair value of your school's accounts.
CES can assist your school by undertaking a rigorous asset stocktake to determine the accuracy of your current asset register. We will visit your school , physically check assets on-site, prepare an inventory and reconcile to your asset register.
Your Asset Register Report
Your school will receive a detailed 3-part report:
- Part 1 compares assets seen during the stocktake against your previous asset register, described by category, description and location
- Part 2 records assets with nil book value, described by category, description and location
- Part 3 reports assets which have been recorded on your schools current asset register but which can not be found onsite, or alternatively assets found that should be included.
The complete asset register report will account for ALL ASSETS in your school - even redundant stock without any book value. After receiving CES's stocktake report you will know exactly what is in each room and every part of your school.
Fixed Asset Register
A fixed asset register will help your school to:
- Ensure you have a detailed list of assets for insurance purposes
- Determine that financial reports accurately reflect depreciated asset values
- Fulfill the Ministry of Education's requirement for an up-to-date register
- Give security to the Board of Trustees that assets are correctly valued and recorded
- Assist planning and decision making with clearly detailed information
- Analyse relative performance of assets in terms of cost and usage.
Other Asset Related Services
In addition, we can provide school asset register videos, maintain your fixed asset
register for a low annual fee, provide inventory count/labelling, and barcoding.
For more information on how we can help you manage your assets call us free on 0800 205 267 or take a look at our asset register brochure.
Doing it Yourself?
Then check out our article Updating your fixed asset register which contains some helpful tips on how to make the task much easier.
About Us
CES is a school-owned organisation specialising in the provision of goods and services to the education sector. For more information about the services we provide (including asset management) please visit our website www.cessl.org.nz, call us free on 0800 205 267 or drop us an email at info@cessl.org.nz.