ABSTRACT
The management of an equipment division within a company, an equipment company within a group of companies or an independent equipment hire company encompasses all the general management tasks faced by most companies. As in other types of companies, the use of computers has become established in basic bookkeeping or accounting functions such as payroll and ledgers and in management accounting and management information systems. Examples of these uses include the maintenance of an asset register, which is particularly valuable because of the high value of capital assets represented in a large number of equipment items. Other examples include equipment location reports, cost and revenue reports, and variance analyses, which compare income with budgeted income and actual usage with planned usage. Stock control and maintenance record keeping are also examples of management information applications.
