SORP/IFRS Compliant Fixed Asset Management Software for Housing Associations

Fully compliant with the latest SORP, IFRS and component accounting regulations, Real Asset Management’s (RAM) Series4000 software has been specifically designed to satisfy the requirements of RSL’s (Registered Social Landlords), LSVT’s and ALMO’s.

Key benefits include:

• Link property components and grant records to building assets.
• Effectively manages ‘staircasing’ and batch component disposals.
• Instant asset analysis reports for past, present and future periods.
• User definable analysis fields for comprehensive reporting.
• Parent/child associations for capital improvements.
• Comprehensive user audit trail.
• Monitors costs and income on such projects as housing development and major repair schemes against actual and forecast budgets.
• Budgets can be split across multiple projects or schemes and calculated automatically.

In addition, Real Asset Management (RAM) can now help you to swiftly adopt component accounting with its new data preparation service, enabling you to easily manage the transition of your assets into their component elements by:

• Providing initial consultancy to agree the breakdown profile of each property archetype into its component elements.
• Creating 'trial' asset split data for each profile, to be applied across a sample set of data.
• Provides visibility of the impacts of adopting component accounting.
• Allows adjustment and recalculation of the profile parameters in order to balance or minimise the impact on Period Depreciation charges.
• Consolidating multiple data sources.
• Creating Unit level asset records from Scheme level records.
• Creating Component element records from Unit records and creation of parent/child cross references.
• Validation of all calculated values before and after the exercise.
• Preparation of final data for loading into the asset register.

Request a free ‘review pack’ today to learn how RAM is already assisting over 80 Housing Associations in streamlining their fixed asset accounting processes and confidently complying with IFRS, SORP and Component Accounting requirements.