FI 023 - Finance - Removal of fixed asset

Hotel Finance – Removal of Fixed Asset – SOP

FI 023: Removal of Fixed Asset


Objective:

To establish a procedure to ensure that all removals of fixed assets from the Hotel, either on a temporary or permanent basis, are properly documented.

“…No fixed assets are to be removed from the Hotel without the written approval of the General Manger and Hotel Financial Controller/Chief Accountant…”


Details:

File Size: 24 KB
File Format: Word
Print Length: 01 page
Publication Date: November 14, 2016
Language: English
Editable: Yes

The finance (sometimes called accounting) department function is recording financial transactions, preparing and interpreting financial statements and providing management with timely report and operating results.