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Accounting for Fixed Assets by Raymond H. Peterson Pdf
Strategies AND techniques for getting the most out of A COMPANY'Sphysical assets Accounting for Fixed Assets, Second Edition presents comprehensiveguidelines for effectively managing property, plant, and equipmentin order to get the maximum benefits out of investments in theselong-term tangible assets. Enhanced with numerous examples andillustrations, this new edition features essential material ongovernment accounting, not-for-profit accounting, and practicalcomputer programs. Complete, up-to-date coverage of fixed-asset accountingincludes: * Asset classification * Base unit * Asset value * Asset safeguards * Inventories of fixed assets * Extraordinary repairs * Written policies * Self-constructed assets
Reading Between the Lines of Corporate Financial Reports by Jacek Welc Pdf
This book provides a digestible step-by-step guide to reading corporate financial reports, drawing upon real-life case studies and examples of corporate collapses and accounting scandals, and applying practical tools to financial statement analysis. Appealing to a range of practitioners within corporate finance including investors, managers, and business analysts, this book is the first to specifically address the challenges facing those who are not professional accountants and auditors when examining corporate financial reports. Corporate financial reports are used widely by managers, investors, creditors, and government agencies to examine company performance and evaluate potential risks. However, although seemingly an invaluable source of information for managerial decision-making, financial reports are often based on rough simplifications of a very complex reality. With no way of avoiding deliberate manipulations and fraudulent activity, these statements cannot be relied on completely when selecting stocks or evaluating credit risk, and therefore poor analysis can lead to potentially disastrous investment decisions. The author suggests that in order to effectively interpret corporate financial reports, we must 'read between the lines' to accurately assess a company's economic performance and predict its long-term viability.
Governmental and Nonprofit Accounting by Robert J. Freeman,Craig D. Shoulders Pdf
"Governmental and Nonprofit Accounting," Revised Sixth Edition provides a better balance between theory and practice than other texts, with the most up-to-date coverage. It provides readers with a thorough basis for understanding the logic for and nature of all of the funds and account groups of a government, with a unique approach that enables readers to grasp the entire accounting and reporting framework for a government before focusing on specific individual fund types and account groups. Includes coverage of the new reporting model standard: GASB "Statement 34." Includes illustrations of government-wide financial statements and fund-based financial statements presented using the major fund approach. Points out the major changes required from the current guidance and explains and illustrates the requirements of the new model. Explains and illustrates the GASB Statement 31. Contains the latest revision of OMB Circular A-133 on single audits. Appropriate for undergraduate Accounting courses, such as Governmental Accounting, Public Sector accounting, Government and Nonprofit Accounting, and Fund Accounting.
Fixed Asset Accounting: Fifth Edition by Steven M. Bragg Pdf
Fixed assets can be one of the largest asset groups within an organization, and requires special accounting that differs from the accounting used for any other assets. The Fixed Asset Accounting book comprehensively addresses every GAAP and IFRS accounting rule related to these crucial assets, including interest capitalization, asset retirement obligations, depreciation, impairment, and disposal. The book delves into many other areas of interest to the accountant, including the record keeping, controls, policies and procedures, measurements, asset tracking, and auditing procedures related to fixed assets. In short, Fixed Asset Accounting is the go-to source for all accounting issues related to fixed assets.
Fixed Asset Accounting: Sixth Edition by Steven M. Bragg Pdf
Fixed assets can be one of the largest asset groups within an organization, and requires special accounting that differs from the accounting used for any other assets. The Fixed Asset Accounting book comprehensively addresses every GAAP and IFRS accounting rule related to these crucial assets, including interest capitalization, asset retirement obligations, depreciation, impairment, and disposal. The book delves into many other areas of interest to the accountant, including the record keeping, controls, policies and procedures, measurements, asset tracking, and auditing procedures related to fixed assets. In short, Fixed Asset Accounting is the go-to source for all accounting issues related to fixed assets.
Governmental Accounting Made Easy by Warren Ruppel Pdf
For laypeople and accountants with little or no governmental accounting experience, Governmental Accounting Made Easy, Second Edition is a complete and easy-to-use road map to a broad range of governmental accounting topics, and how these individual aspects of governmental accounting work together under the financial reporting model for governments adopted by the Governmental Accounting Standards Board. Read, interpret, and analyze governmental financial statements—Governmental Accounting Made Easy, Second Edition explains everything you need to know. With an entirely new chapter on accounting for OPEB benefits, the Second Edition offers just-the-basics coverage of: Basic accounting concepts underlying all governmental accounting and financial reporting Basic financial statements prepared by governments, including government-wide financial statements and fund financial statements Note disclosures that accompany governmental financial statements Complicated accounting issues commonly found in governmental financial statements Background and definition for understanding the reporting entity Accounting requirements for revenues from non-exchange transactions Recording and valuing capital assets Now with new coverage of accounting for pollution remediation obligations, asset impairment, and asset classification, as well as revised and expanded discussion of pension reporting and sales and pledges of receivables and future revenues, Governmental Accounting Made Easy, Second Edition is the most helpful single-source reference you will find. Whether you are a manager, budget preparer, state legislator, comptroller, lawyer, bond counsel, underwriter of municipal bonds, rating agency employee, bond insurer, contractor, or a member of a school board or city council—Governmental Accounting Made Easy, Second Edition offers a wealth of practical information for putting accounting principles to work for your organization.
Accounting for Fixed Assets by Raymond H. Peterson Pdf
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. The only book of its kind, Accounting for Fixed Assets is an authoritative source of advice and analysis on fixed-asset accounting. It offers an exhaustive explanation of the Institute of Management Accountants' statement on management accounting, Property, Plant and Equipment, by one of the statement's principal authors, Raymond H. Peterson. Central to the book is a complete reevaluation of issues once considered "cut and dry," but now subject to considerable debate. These issues include capitalization, amortization, depreciation, taxes, and fixed-asset inventory. This book offers a thorough presentation of all topics in fixed-asset accounting, including: Asset classification Base unit Asset value Asset safeguards Inventories of fixed assets Extraordinary repairs Written policies Self-constructed assets In addition, there is an extensive examination of special fixed-asset accounting situations in regulated utilities, government agencies, and nonprofit corporations. 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. In the minds of most accounting professionals, everything anyone could possibly need to know about fixed-asset accounting can be gleaned from an introductory course on accounting principles. Nothing could be simpler. When it comes to tangibles, management's philosophy has always been "just put it in place and forget about it." And for accountants, this has always translated into a general accounting practice centering on depreciation. But in a time of crumbling infrastructures, rising replacement costs, and dwindling capital reserves, depreciation alone simply isn't enough to offset the replacement costs. Clearly, the time has come for a thorough new approach to the management of long-term tangible assets. Accounting for Fixed Assets shows you how. Written by one of the principal authors of the Institute of Management Accountants' comprehensive statement, Property, Plant and Equipment, this book offers accounting professionals complete guidelines to deploying accounting principles designed to maximize the benefits of investments of long-term tangible assets. The first and only exhaustive treatment of the subject, it takes readers right to the heart of the contemporary debate surrounding such "cut and dry" issues as capitalization, amortization, depreciation, taxes, and fixed-asset inventory. Packed with numerous examples and illustrations, this practical book considers crucial topics such as asset classification, base unit, asset value, asset protection in manufacturing, government, regulated utilities, and virtually every type of public and private, profit and nonprofit organization. The only A-to-Z guide to accounting for fixed assets, Accounting for Fixed Assets is indispensable for management accountants and controllers, as well as financial managers, corporate officers, and public accountants.
Author : Alfred M. King Publisher : John Wiley & Sons Page : 257 pages File Size : 42,9 Mb Release : 2011-01-31 Category : Business & Economics ISBN : 9781118028360
Internal Control of Fixed Assets by Alfred M. King Pdf
For many companies, fixed assets represent the largest single aspect of their financial statement, yet rarely do they command time proportionate to the magnitude of the investment. This is the first book to show how to implement internal controls for fixed assets. It is a step-by-step guide for developing and maintaining a functioning internal control system that will withstand the closest scrutiny from independent public accountants and the PCAOB. With up-to-the-minute discussion of IFRS and GAAP, this is a must-have guide for controllers, auditors, and CFOs.
Reporting Fixed Assets in Nineteenth-Century Company Accounts (RLE Accounting) by J. R. Edwards Pdf
This book focuses on the way in which businessmen responded to the new problem of accounting for fixed assets when measuring periodic profit. The book is divided into four sections: the first embraces items that examine asset valuation procedures in general use during the nineteenth century. The second focuses on the particular practices that became popular among public utility companies. The third comprises studies on influences, particularly legal ones on the treatment of fixed assets in company accounts. The final section examines the likely economic effect of using particular valuation procedures and is another area where available material is scarce. Of the twenty-seven items included, seven were written during the nineteenth century and the remainder during the twentieth. Their emphasis is practical rather than theoretical: they set out the various ways in which companies accounted for fixed assets and provide some explanation for the choices made.
Fixed Asset Accounting addresses the GAAP and IFRS accounting for all key fixed asset topics, including capital budgeting, interest capitalization, asset retirement obligations, depreciation, impairment, and disposal. The book delves into many other areas as well, including the record keeping, controls, policies and procedures, measurements, and auditing procedures related to fixed assets. There are review questions and answers at the end of every chapter.
SAP Fixed Assets Accounting (FI-AA) by Dieter Schlagenhauf,Jörg Siebert Pdf
Drawing up a balance sheet means presenting the values of the assets and liabilities of a company. A considerable proportion of the assets are fixed assets. In this book, you will learn what fixed assets are, how to report the value of fixed assets, and how SAP Asset Accounting can support you. Walk through basic asset accounting concepts and identify the impact of IFRS and US GAAP valuation requirements. You'll learn the different methods of identifying inventory and the importance of properly identifying physical inventory. This book is illustrated with numerous SAP screenshots and provides detailed examples of posting transactions including transfer postings and asset retirement. See how other companies approach group valuation, consolidation, and foreign currency. We'll discuss best practices when it comes to periodic activities like depreciation and periodic balance sheet postings. Review the appropriate hierarchy of asset master records and get tips for working with asset master records.This book covers:* Processes and functions in SAP ERP Financials* Posting examples and integration with General Ledger Accounting* Validation and reporting for IFRS* Periodic activities