Accounting for fixed assets:
In a time of crumbling infrastructure, rising replacement costs, and a dwindling supply of capital, it is necessary to maximize the benefits of investment in long-term tangible assets. To achieve this, company managers and financial officers must change the way they think about property, plant and e...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York, NY u.a.
Wiley
1994
|
| Schriftenreihe: | The Wiley Institute of Management Accountants professional book series
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | In a time of crumbling infrastructure, rising replacement costs, and a dwindling supply of capital, it is necessary to maximize the benefits of investment in long-term tangible assets. To achieve this, company managers and financial officers must change the way they think about property, plant and equipment. No longer can fixed assets simply be put in place and forgotten until they can be depreciated at tax time A company's profitability can be greatly enhanced by the careful management, control, and measurement of fixed assets. For management accountants and controllers, financial managers and public accountants, Accounting for Fixed Assets offers very clear and practical advice - complete with numerous examples and illustrations - on how to get the most out of fixed assets and improve your company's balance sheet |
| Beschreibung: | XIX, 199 S. |
| ISBN: | 0471537039 |
Internformat
MARC
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| 520 | 3 | |a In a time of crumbling infrastructure, rising replacement costs, and a dwindling supply of capital, it is necessary to maximize the benefits of investment in long-term tangible assets. To achieve this, company managers and financial officers must change the way they think about property, plant and equipment. No longer can fixed assets simply be put in place and forgotten until they can be depreciated at tax time | |
| 520 | |a A company's profitability can be greatly enhanced by the careful management, control, and measurement of fixed assets. For management accountants and controllers, financial managers and public accountants, Accounting for Fixed Assets offers very clear and practical advice - complete with numerous examples and illustrations - on how to get the most out of fixed assets and improve your company's balance sheet | ||
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Datensatz im Suchindex
| _version_ | 1804124059465678848 |
|---|---|
| adam_text | CONTENTS
About the Author xiii
Preface xv
1 What Is Accounting for Fixed Assets? 1
Introduction 1
Consumption of Benefits 3
Characteristics of Assets 4
Need to Change 10
2 What Is an Asset? 11
Introduction 11
Historical Cost 12
Fixed Assets 14
Property 16
Plant 18
Equipment 19
Defining Assets 21
Government Accounting 23
User Fees 24
Not for Profit Accounting 24
3 Classifications of Asset Transactions 27
Introduction 27
vii
CONTENTS
Classification Systems 28
Accounting Policy Decisions 31
Coding of Transactions 33
Property Record Coding System 35
4 Determining Base Unit 39
Introduction 39
Definition of Base Unit 39
Purpose of a Base Unit 40
Establishing Base Units 44
Decision Rules 47
Minimum Capitalization Policy 45
Difficulties in Establishment 48
Land 50
Buildings 50
Equipment 53
Criteria for Establishing Base Units 53
Examples 55
Spare Parts 56
5 Control of Property, Plant, and Equipment 57
Introduction 57
Asset Accountant 58
Asset Custodian 59
Inventories 60
Property Record System 61
Identification of Assets 61
Farm Owner Applied Numbers 62
Identification of Specific Asset 63
Items to Be Tagged 64
Bar Coded Tags 68
Security 68
6 Asset Policies Manual 71
viii
CONTENTS
Introduction 71
Purpose 71
Creating the Manual 73
Partial Sample Manual 74
Use of the Manual 75
Property, Plant, and Equipment Custodian s
Responsibilities 76
Responsibilities of Asset Accountant 77
Procedures for Purchase of Physical Assets 78
Approval Limits 78
Minimum Capitalization Level 79
Items Always Charged to Expense Account 79
Transaction Reports 80
Data Definition 80
7 Establishing Value 89
Introduction 89
Historical Cost 90
Other Values 90
Uses of Values 92
Insurance 92
Collateral for a Loan 93
Purchase or Sale of a Complete Business 93
First Creation of Property Record 94
Valuation Techniques 94
Management Information 95
Periodic Assessment of Value 96
8 Allocation of Costs to Accounting Periods 99
Introduction 99
Costs of Using Up Assets 100
Depreciation 101
Estimated Life 101
Cost Basis 1°3
ix
CONTENTS
Allocation Methods 103
Accelerated Depreciation 104
Other Depreciation Concerns 105
Tax vs. Book Depreciation 107
Balance Sheet Disclosure 107
Not for Profit Organizations 108
Government Accounting for Depreciation 108
9 Regulated Utilities 113
Introduction 113
Differences in GAAP 114
Telecommunications Accounting 114
Basic Property Record 115
Telecommunications Plant in Service Chart
of Accounts 118
Railroads 118
Railroad USOA 119
Property Accounts 120
Cost of Construction 120
Units of Property 122
List of Units of Property 123
Accounting for Engineering Costs 125
Common and Contract Motor Carriers of Passengers 126
Carrier Operating Property 127
Depreciation 127
Minor Items 128
Uniform System of Accounts—Tangible Accounts 128
Account Definitions 128
10 Government Accounting 133
Introduction 133
Fund Accounting 133
Infrastructure Assets 134
Funding for Government Assets 135
CONTENTS
Accounting Standard Setting 135
Measuring Service Efforts and Accomplishments 137
Current Government GAAP Property Records 138
Measurement of Utilization 138
Establishing Property Record 139
Establishing Property Record Units 140
Infrastructure Property Units 140
Planning 140
Accounting Policies 141
Software Selection 142
11 Not for Profit Accounting 143
Introduction 143
Accounting Definition of Not for Profit
Organizations 144
Accounting Problems of Not for Profit
Organizations 146
Formal Accounting Standards 147
Need for Change in Not for Profit Accounting 147
Accounting for Property, Plant, and Equipment 149
Creating Property Records 151
Property Record 153
System Documentation 156
12 Creation and Verification of Property Records 157
Introduction 157
Purpose of Property Record 158
New Concept 160
Requirements for a Physical Asset Database 160
Property Record Units 163
Coding Systems 163
Property Record Codes for Motor Vehicles 165
Other Codes Required 165
Property Record ID Number 166
CONTENTS
Maintenance of the Property Record Database 167
Responsibilities of Asset Manager 168
Updating Records 169
Recording Maintenance Costs 170
Verification of Physical Existence 170
Military Commander Approach 171
Foreign Corrupt Practices Act 173
Fully Depreciated Assets 174
Reports from the Property Record System 175
13 Computer Programs 177
Introduction 177
Asset Database Software 177
Existing Database Programs 178
Software Selection 179
Off the Shelf Property Record Database Packages 180
Review Copies of Software 181
Evaluation of Software Packages 181
Program Review 182
Checklist for Program Review 186
Data Base Fields 187
Bibliography 189
Index 193
|
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| id | DE-604.BV009712127 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T17:39:39Z |
| institution | BVB |
| isbn | 0471537039 |
| language | English |
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| physical | XIX, 199 S. |
| publishDate | 1994 |
| publishDateSearch | 1994 |
| publishDateSort | 1994 |
| publisher | Wiley |
| record_format | marc |
| series2 | The Wiley Institute of Management Accountants professional book series |
| spelling | Peterson, Raymond H. Verfasser aut Accounting for fixed assets Raymond H. Peterson New York, NY u.a. Wiley 1994 XIX, 199 S. txt rdacontent n rdamedia nc rdacarrier The Wiley Institute of Management Accountants professional book series In a time of crumbling infrastructure, rising replacement costs, and a dwindling supply of capital, it is necessary to maximize the benefits of investment in long-term tangible assets. To achieve this, company managers and financial officers must change the way they think about property, plant and equipment. No longer can fixed assets simply be put in place and forgotten until they can be depreciated at tax time A company's profitability can be greatly enhanced by the careful management, control, and measurement of fixed assets. For management accountants and controllers, financial managers and public accountants, Accounting for Fixed Assets offers very clear and practical advice - complete with numerous examples and illustrations - on how to get the most out of fixed assets and improve your company's balance sheet Assets (Accounting) Capital Accounting Rechnungswesen (DE-588)4048732-5 gnd rswk-swf Unbewegliche Sache (DE-588)4186834-1 gnd rswk-swf Unbewegliche Sache (DE-588)4186834-1 s Rechnungswesen (DE-588)4048732-5 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006423885&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Peterson, Raymond H. Accounting for fixed assets Assets (Accounting) Capital Accounting Rechnungswesen (DE-588)4048732-5 gnd Unbewegliche Sache (DE-588)4186834-1 gnd |
| subject_GND | (DE-588)4048732-5 (DE-588)4186834-1 |
| title | Accounting for fixed assets |
| title_auth | Accounting for fixed assets |
| title_exact_search | Accounting for fixed assets |
| title_full | Accounting for fixed assets Raymond H. Peterson |
| title_fullStr | Accounting for fixed assets Raymond H. Peterson |
| title_full_unstemmed | Accounting for fixed assets Raymond H. Peterson |
| title_short | Accounting for fixed assets |
| title_sort | accounting for fixed assets |
| topic | Assets (Accounting) Capital Accounting Rechnungswesen (DE-588)4048732-5 gnd Unbewegliche Sache (DE-588)4186834-1 gnd |
| topic_facet | Assets (Accounting) Capital Accounting Rechnungswesen Unbewegliche Sache |
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