Accounting for Fixed Assets, Second Edition presents comprehensive guidelines for effectively managing property, plant, and equipment in order to get the maximum benefits out of investments in these long–term tangible assets. Enhanced with numerous examples and illustrations, this new edition features essential material on government accounting, not–for–profit accounting, and practical computer programs.
Complete, up–to–date coverage of fixed–asset accounting includes:
- Asset classification
- Base unit
- Asset value
- Asset safeguards
- Inventories of fixed assets
- Extraordinary repairs
- Written policies
- Self–constructed assets
What Is Accounting for Fixed Assets?
What Is an Asset?
Classifications of Asset Transactions.
Determining Base Unit.
Control of Property, Plant,and Equipment.
Asset Policies Manual.
Allocation of Costs to Accounting Periods.
Creation and Verification of Property Records.