Definition

Asset management systems

Asset management systems maintain an inventory of the company’s long-term assets and ensure that accounting practices for company assets comply with regulatory standards. The output of this system often becomes input to the general ledger system.

Share it:  Cite

More from this Section

  • Strategic business plan
    The strategy that a company chooses to follow in order to capture and retain markets and ...
  • Sequential file organization
    Sequential file organization means the use of unique keys to sequentially store the contents ...
  • Object-attribute-value (OAV)
    Object-attribute-value (OAV)— any piece of knowledge can be represented as an object-attribute-value ...
  • Resolution
    Resolution in microscopy, the smallest distance by which two obje3cts can be separated ...
  • High-level languages (HIL)
    High-level languages (HIL) refer to the computer languages that improve on assembly language ...