Why are technicians in my engineering department being asked to provide an inventory of any tools that have a value of $100 or more.
7 replies (most recent on top)
Probably just a routine audit…
Anybody else remembering the scene from “Wall Street” where they are counting the typewriters to get a final valuation of the company for a liquidation sale?
Yea.. this is it Gordon…
New initiative for managers to set up shop at the local flea market and donate all proceeds to the reimagination.
- Cooking the books. They might be trying to create a large pool of fixed assets , either creating value or setting up a depreciation schedule thereby artificially creating income.
- More likely - they’re selling and re establishing inventory levels of higher value items.
They are probably going to get brand new tools!
Sounds like a valuation.
Which engineering department?
I'd like to know this as well