The Role of Fixed Assets in Company Operations

Oct 13, 2025 by talynt.org 1 views

Introduction

PT Asuransi Jiwa Bumi Asih Jaya Binjai Branch, like other companies, has a fixed asset that plays an important role in its operations. Fixed assets are tangible assets obtained in a ready-made condition or built first. This asset is used to support company activities and not for sale in normal activities, and has a useful life of more than one year. The types of fixed assets that each company have can vary, such as equipment, vehicles, buildings, land, and machinery.

The Role of Fixed Assets in Company Operations

The role of fixed assets within the company is very significant, both in terms of functional, the amount of investment made, and the processing process involving many parties. Therefore, supervision of fixed assets is very important. Effective internal supervision is needed to ensure that all assets are well managed, in accordance with applicable procedures and regulations.

Types of Fixed Assets and Their Acquisition Methods

Fixed assets can be obtained in various ways, including cash purchases, installments, prizes, adding exchanges, leasing, or even made by themselves. Placement of economic resources in the form of fixed assets aims to support the production and distribution process of goods or services. Through the company's financial statements, we can see that fixed assets reflect a significant investment value, so it is important for supervision so that there is no deviation or loss.

Importance of Internal Supervision of Fixed Assets

Internal supervision of fixed assets also includes accurate recording, asset maintenance, and periodic assessments to ensure that the book value of fixed assets still reflects the actual conditions. In addition, companies must comply with applicable accounting standards so that the financial statements produced can be accounted for. This is important to maintain the trust of stakeholders, including investors and regulators.

Benefits of Effective Internal Supervision of Fixed Assets

Thus, internal supervision of fixed assets is not just a formality, but is an integral part of company management that aims to maintain operational sustainability and efficiency. Through good supervision practices, PT Asuransi Jiwa Bumi Asih Jaya Binjai Branch can ensure that all assets are utilized optimally and make a positive contribution to the company's performance.

The Importance of Information Technology in Internal Supervision

In order to optimize internal supervision, companies also need to apply information technology that can help in real-time asset monitoring. The use of accounting and asset management software can increase efficiency in recording and reporting fixed assets, thereby minimizing the risk of error and abuse.

Challenges and Opportunities in Implementing Internal Supervision

Overall, internal supervision of fixed assets at PT Asuransi Jiwa Bumi Asih Jaya Binjai Branch must be a priority to ensure that all assets are well managed, provide maximum benefits, and support the company's strategic objectives. The implementation of the right supervisory system will create transparency and accountability that is needed in running a healthy and sustainable company operation.

Conclusion

In conclusion, internal supervision of fixed assets is a critical aspect of company management that requires careful planning, execution, and monitoring. By implementing effective internal supervision, PT Asuransi Jiwa Bumi Asih Jaya Binjai Branch can ensure that all assets are utilized optimally, provide maximum benefits, and support the company's strategic objectives.

Recommendations for Implementing Internal Supervision

Based on the analysis, the following recommendations are made for implementing internal supervision of fixed assets at PT Asuransi Jiwa Bumi Asih Jaya Binjai Branch:

Develop a comprehensive policy and procedure for internal supervision of fixed assets.
Establish a clear and transparent system for recording and reporting fixed assets.
Implement a regular asset maintenance and inspection program.
Use information technology to enhance real-time asset monitoring and reporting.
Provide training and awareness programs for employees on internal supervision of fixed assets.

Future Research Directions

Future research directions on internal supervision of fixed assets at PT Asuransi Jiwa Bumi Asih Jaya Binjai Branch may include:

Conducting a detailed analysis of the current internal supervision system.
Identifying the key challenges and opportunities in implementing internal supervision.
Developing a comprehensive framework for internal supervision of fixed assets.
Evaluating the effectiveness of internal supervision in achieving company objectives.

References

[1] Accounting Standards Board (ASB). (2019). Accounting Standards for Fixed Assets.
[2] International Accounting Standards Board (IASB). (2018). International Financial Reporting Standards (IFRS).
[3] PT Asuransi Jiwa Bumi Asih Jaya Binjai Branch. (2020). Annual Report.

Appendix

Internal Supervision Policy and Procedure
Fixed Asset Recording and Reporting System
Asset Maintenance and Inspection Program
Information Technology System for Asset Monitoring and Reporting
Training and Awareness Program for Employees
Frequently Asked Questions (FAQs) on Internal Supervision of Fixed Assets at PT Asuransi Jiwa Bumi Asih Jaya Branch Binjai =============================================================================================

Q1: What is internal supervision of fixed assets?

A1: Internal supervision of fixed assets refers to the process of monitoring and controlling the use, maintenance, and disposal of fixed assets within a company. It involves ensuring that all assets are properly recorded, maintained, and utilized in accordance with company policies and procedures.

Q2: Why is internal supervision of fixed assets important?

A2: Internal supervision of fixed assets is important because it helps to ensure that assets are utilized optimally, provide maximum benefits, and support the company's strategic objectives. It also helps to prevent asset misappropriation, theft, and other forms of asset abuse.

Q3: What are the benefits of effective internal supervision of fixed assets?

A3: The benefits of effective internal supervision of fixed assets include:

Improved asset utilization and productivity
Reduced asset misappropriation and theft
Enhanced transparency and accountability
Improved financial reporting and compliance
Better decision-making and strategic planning

Q4: What are the challenges in implementing internal supervision of fixed assets?

A4: The challenges in implementing internal supervision of fixed assets include:

Lack of resources and budget
Limited technical expertise and knowledge
Resistance to change and adoption of new systems
Difficulty in monitoring and controlling remote assets
Limited access to information and data

Q5: How can companies implement effective internal supervision of fixed assets?

A5: Companies can implement effective internal supervision of fixed assets by:

Developing a comprehensive policy and procedure for internal supervision
Establishing a clear and transparent system for recording and reporting fixed assets
Implementing a regular asset maintenance and inspection program
Using information technology to enhance real-time asset monitoring and reporting
Providing training and awareness programs for employees on internal supervision of fixed assets

Q6: What are the key performance indicators (KPIs) for internal supervision of fixed assets?

A6: The key performance indicators (KPIs) for internal supervision of fixed assets include:

Asset utilization and productivity
Asset misappropriation and theft rates
Financial reporting and compliance
Employee training and awareness
System and process efficiency

Q7: How can companies measure the effectiveness of internal supervision of fixed assets?

A7: Companies can measure the effectiveness of internal supervision of fixed assets by:

Conducting regular audits and assessments
Monitoring and analyzing KPIs and performance metrics
Evaluating employee feedback and satisfaction
Conducting surveys and focus groups
Reviewing and updating policies and procedures

Q8: What are the future research directions on internal supervision of fixed assets?

A8: Future research directions on internal supervision of fixed assets may include:

Conducting a detailed analysis of the current internal supervision system
Identifying the key challenges and opportunities in implementing internal supervision
Developing a comprehensive framework for internal supervision of fixed assets
Evaluating the effectiveness of internal supervision in achieving company objectives
Investigating the impact of technology on internal supervision of fixed assets

Q9: What are the best practices for internal supervision of fixed assets?

A9: The best practices for internal supervision of fixed assets include:

Developing a comprehensive policy and procedure for internal supervision
Establishing a clear and transparent system for recording and reporting fixed assets
Implementing a regular asset maintenance and inspection program
Using information technology to enhance real-time asset monitoring and reporting
Providing training and awareness programs for employees on internal supervision of fixed assets

Q10: What are the consequences of poor internal supervision of fixed assets?

A10: The consequences of poor internal supervision of fixed assets may include:

Asset misappropriation and theft
Financial reporting and compliance issues
Reduced asset utilization and productivity
Decreased employee morale and satisfaction
Negative impact on company reputation and credibility