Selling vs redeployment of idle equipment
Corporations make huge investments in machinery and equipment needed to manufacture their products. In financial terminology, that’s called “capital expenditure” or simply “CAPEX”.As time passes, some...
View ArticleWhy does the finance department have to approve equipment transfers?
It sounds strange that financial departments would have to approve this, right? After all, they most likely have no idea about what the equipment does or what it could be used for. However, there are...
View ArticleHow the finance department is involved in capital asset disposals (Guest Post)
As a Qualified Practicing Accountant and regional head of finance for an International Auction and Appraisal Company, I would like explain in more the details the role of the finance department during...
View ArticleWhy the demolition of plants and production lines pay off (Guest Post)
When obsolescence or the death of a product cycle leads to the need to close down a production line or plant, many businesses usually defer or even deter action due to archaic thinking that it “Could...
View ArticleAsset disposals and the stages a changing company goes through (Guest Post)
Does any entrepreneur feel embarrassed when they have to dispose of their plant and machinery? This article describes some rationale behind assets sales. Sales of plant and machinery are not limited to...
View ArticleCFOs getting more involved in technology-related decisions
According to a survey of 1,400 CFOs conducted by Robert Half Management Resources, 44% of CFOs became more involved in IT decisions over the past 3 years. And only 6% said that they became less...
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