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Asset Management EPC

Asset Management EPC

Have New Fixed Assets and Prepare E-Documents

Standard Fixed Assets Introduced

Asset Classifiication

New Fixed Assets

Location

Depreciation

Change

Usage

Fixed Assets Card

New Fixed Assets Card

Asset Manager

V

Asset Manager

Need to Audit

No Need Audit

Audit the Card and Submit

Asset Manager

Submit

Asset Manager

V

Accounting and Processing

Submit

Voucher

Submit Voucher

Asset Manager

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publish time: 2021-03-17
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Engineering, Procurement, and Construction (EPC) is a particular form of contracting arrangement used in several industries where the EPC Contractor is responsible for all the activities from design, procurement, construction, to commissioning and handover of the project to the end-user or the respective owner. An EPC is a PPP model for the development of infrastructure models like highways. An EPC Asset Management lets the EPC companies maintain the records of inventory. In the attached Asset Management EPC diagram, we see how a new fixed assets card is initiated after asset classification and change is usage and depreciation. Following the initiation request, the request to audit and the approved audit information is forwarded to the respective asset manager. An Asset Management EPC diagram shows the accounting and processing request in order to generate respective voucher details as well.

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