Abstract:
Purpose: The research is managing and evaluation of every assets ledger in an
effective way it has a positive impact in an originations. The objective of the
research was identified to carry out the annual verification and establishing assets
management controlling system to maximize the assets utilization and able to
ensure continuous supply for smooth function in the universities in Sri Lanka.
Design: It has to identify the nature of assets and classification of assets to
establish an efficient assets ledger management information system to university
of Jaffna. The research consist Mixed method was used for this study. The sample
consists with 65 locations of inventory section employees in 25 department or
branch in the University of Jaffna. Primary data were collected through
distributed questionnaires among selecting employees. The secondary data and
information concluded that the Financial Regulation, Manual and automated
assets coding system, nature of Inventory ((Immoveable or Moveable) inventory
ledger system (fixed assets, Perishable assets and consumable assets), storage,
wastage system, security system and investment in inventory were affected
inventory management system and the in-charge of inventory and method of
accounts are affect to effective inventory management system in the universities
in Sri Lanka.
Findings: These research findings are statically proved that assets ledge and
inventory recording system strongly influence to the active and real inventory
information for an origination stable growth and development. It is revealed that
the behaviors of inventory in-charge and process of wastage handling of assets
are positively impact to the operational register controlling. The evident of seven
features which are considered by researcher positive and important on real
monitoring and evaluation method and other one factor is not essential of
effective inventory system. The Study exposed that most of university ranch or
departments or units were not used periodically inventory monitoring technique
to ensure the assets status.
Pratical Implications: The assets ledger recording and information system were
important to an organization. Automated asset classification and codding system
has recognize the fixed assets, Master and department inventory registers it makes
proper assets reconciliation statement for publish the finalize statements, to establish appropriative pronouncement system with congruence of the Finance
branch and the General administration of a university to maximize assets
utilization with the marginal cost.
