Accounting for Fixed Assets [Hardcover]

Raymond H. Peterson (Author)

Book Description

Publication Date: March 15, 2002 | ISBN-10: 047109210X | ISBN-13: 978-0471092100 | Edition: 2

Strategies AND techniques for getting the most out of A COMPANY'S physical assets

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

Editorial Reviews

From the Publisher

A thorough analysis of the issues surrounding fixed asset accounting, crucial to a corporation's balance sheet, it offers the definitive explanation regarding the statement on management accounting--property, plant and equipment--by the Institute of Management Accountants. Covers asset classification, base unit, inventories, asset value and protection. Special accounting situations are examined in regulated utilities, government and nonprofit accounting. Contains numerous examples and illustrations. --This text refers to an out of print or unavailable edition of this title.

From the Inside Flap

The savvy company manager and financial officer knows the importance of maximizing the benefits of investment in long-term tangible assets. Fixed assets such as property, plant, and equipment cannot simply be put in place and forgotten until they depreciate. A company’s profitability can be greatly enhanced by the careful management, control, and measurement of fixed assets.

Accounting for Fixed Assets is an authoritative source of advice and analysis on fixed-asset accounting. In addition to presenting completely updated material, this Second Edition features new material on government accounting, not-for-profit accounting, and practical computer software. Comprehensive coverage includes funding for government assets, establishing property record units, accounting problems of not-for-profits, asset database software, evaluation of software packages, and much more.

Written by one of the principal authors of the Institute of Management Accountants’ Property, Plant, and Equipment statement on management accounting, this book offers accounting professionals complete guidelines for applying accounting principles designed to maximize the benefits of investments in long-term tangible assets. This in-depth treatment takes readers 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 such crucial topics as asset classification, base unit, asset value, asset protection in manufacturing, government accounting, regulated utilities, and virtually every type of public and private, profit and nonprofit organization.

For controllers, government accountants, accounting managers, and auditors, Accounting for Fixed Assets, Second Edition 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.

See all Editorial Reviews

Product Details

• Hardcover: 224 pages
• Publisher: Wiley; 2 edition (March 15, 2002)
• Language: English
• ISBN-10: 047109210X
• ISBN-13: 978-0471092100
• Product Dimensions: 9.3 x 6.3 x 0.8 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #976,053 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

2 of 3 people found the following review helpful:

4.0 out of 5 stars Very Readable, September 16, 2007

By 

D. J KLEBEK (LAWRENCE, KS United States) - See all my reviews
(REAL NAME)   

This review is from: Accounting for Fixed Assets (Hardcover)

Learned several things from reading this book. I'm still looking for a book that covers 144 in a condensed summary. This book does not quite provide this, but nonetheless, it is very good.