Equity control involves the monitoring and management of all the assets of a company, from tangible assets to intangible assets of the business. Taking into account that a company's assets comprise its assets and rights, it is important to know how much asset control affects a company's budget planning, since, among many other advantages, it can avoid problems with cash flow and production cycle.

In order to put into practice the asset control, a few steps are carried out:

Equity inventory: stage in which an inspection of the assets is carried out and the state of conservation of assets is verified.

Asset valuation: stage in which the assessment of the fair value of the assets is carried out.

Review of the useful life of the property, plant and equipment: stage in which the useful lives are reviewed and the depreciation, amortization and obsolescence of assets are recorded.

Determination of new depreciation rates: step in which the depreciated value is calculated and with the result found the annual depreciation of the asset.

Impairment Test: stage in which the asset impairment test is applied, verifying whether the book value is greater than the recoverable value.

Periodic asset control brings the company an efficient financial management, with less financial and operational unforeseen. The analysis of the economic useful life of a certain asset, for example, when determined in an efficient control of assets, allows the administration to plan preventive purchases, with a good price research, in addition to avoiding interruptions in production. In addition, asset control allows the provision of strategic data for managers and accounting, demonstrating more advantages in budget planning.

With the data provided, managers can improve their perception of assets, optimizing the purchasing process and reducing unnecessary expenses. With its assets organized, the company also properly writes off assets that are no longer included in its assets.

Since the reports issued directly impact the financial results, it is important that the company looks for experienced and qualified professionals to evaluate its assets. Managers must demand that the reports on the control of assets are prepared in accordance with Law 11.638/07 and accounting technical standards: CPC 27, CPC 46, CPC 01 and others.

EGet in touch with TATICCA – ALLINIAL GLOBAL, which provides integrated services for auditing, accounting, taxes, corporate financefinancial advisorrisk advisory, technology, business consulting and training. For more information, visit www.taticca.com.br or e-mail taticca@taticca.com.br. Our company has professionals with extensive experience in the market and has certified methodologies for carrying out activities.