The purpose of this research was to assess the practice of fixed asset acquisition and management in government sectors in case of Direworeda. The study employed descriptive survey design and used both qualitative and quantitative data. The study used 20 sample which drawn from 67 total population using purposive sampling method. Data were collected through questionnaire from 18 employees and heads of government sectors. Two woreda officials who were delegated to work related to property administration were interviewed. Additionally, observation was used in data gathering. The collected data were systematically arranged, organized and analyzed using SPSS to generate descriptive statistics results presented in tables, frequency and percentage then thematically interpreted. The study revealed that lack of understanding and enforcing rules, regulations and directive, established system to enhancing understanding, handling and disposing fixed asset according to rules, regulations and directive, specifying fixed asset and lack of positioning sufficient and experienced professionals. The researcher recommended enhancing understanding of heads of public sectors as well as employees by establishing systems, maintaining accountability system in fixed asset acquisition and management, fully applying of rules, regulations and directive, establishment of modern property handling method and using professionals.