The importance of accurate building componentization and space/fixed/moveable equipment inventories in support of your institution’s financial reporting information
Attendees will have a better understanding of challenges and solutions for Asset Management and Financial Reporting Requirements that they can share with their colleagues. We will discuss the importance of overall Asset Management for your institutions Real Property (Land, Land Improvements, Infrastructure, Buildings/Building Improvements), as well as the importance of Building Componentization Studies, Moveable/Fixed Equipment, and Physical Space inventories for F&A supporting documentation. The recent COVID 19 Pandemic has provided all of us with many challenges. However, the need and importance of accurate Asset Management and Financial Reporting requirements are still at the forefront of our collective responsibilities.