ATHESIS SUBMITTED TO THE SCHOOL OF GRADUATE STUDIES, COLLEGE OF SOCIAL SCIENCE AND HUMANITIES, WOLKITE UNIVERESITY IN PARTIALFUL FILLMENT OF THE REUIREMENTS FOR THE DEGREE OF MASTERS OF ART IN EVELOPMENT PLANNING AND MANAGEMENT

Abstract

The main objective of this study was to assess practices and challenges of fixed asset management: in the case of Gurage zone Endegagn Woreda Finance and economic office. The study used descriptive research design with purposive sampling technique and it involves both quantitative and qualitative research approaches. Data were collected from 64 office heads and employees which included 61 different department of finance and economic office employees from eight directorates, two vice head of offices and one chief head of offices by using purposive sampling technique were used for distribution of questionnaires, interview eight public heads and observation. In addition to primary data, secondary data were used like documentaries. Then, collected data were arranged, coded, entered into computer software and analyzed by using the statistical package for social sciences (SPSS) version 26. Based on the analysis of data, the researcher found that the practices and challenges of fixed asset management in Gurage zone Endegagn woreda finance and economic office is deemed to be and recognize as poor due to many reasons. Among these reason, the organization has no adequate plan for fixed asset operation, maintenance and disposal, there is weak monitoring and controlling system to protect fixed asset from misuse, through private consumption, loss and wastage in the organizations. As a consequence (impact), it results in increasing maintenance cost, financial loss, need for new asset, risk and decrease service delivery level. Therefore, the researcher suggests that the organizations management should strengthen fixed asset management system through promoting management emphasis, led by plan each stages, create awareness top to low level managers and employees, human capacity building training internal auditors, established accountability, transparency and controlling system