Physical assets inventory method

Inventory methods of physical assets include field inventory method and technical deduction method.

1. On-site inventory method: a method to check the actual quantity of various properties and materials by counting, measuring and weighing. This method has a wide range of applications, is simple and feasible, and is suitable for most materials. The disadvantage is the heavy workload.

2. Technical calculation inventory method: a method of calculating the actual quantity of various property materials according to the data by using technical methods such as calculation method, measurement method and ruler measurement. It will be much more convenient to check those piles of inventory that are cheap, cumbersome and difficult to count one by one. In essence, this method is a supplementary method to the field inventory method.

Understand physical assets:

Assets are divided into physical assets, financial assets and intangible assets. All assets can be said to be of economic value to companies or individuals. If its value can be converted into cash, it is considered an asset.

Intangible assets are a kind of intangible and valuable property. These assets include patents, copyrights, brand awareness, trademarks and intellectual property rights. For an enterprise, perhaps the most important intangible asset is a positive brand image.

Financial asset is a kind of liquid asset that obtains value from contractual rights or ownership requirements. Stocks, bonds, mutual funds, bank deposits, investment accounts and cash are all examples of financial assets. They can be in physical form, such as dollar bills or bonds, or in non-physical form, such as money market accounts or mutual funds.