Authors: Peterson
ISBN-13: 9780471092100, ISBN-10: 047109210X
Format: Hardcover
Publisher: Wiley, John & Sons, Incorporated
Date Published: March 2002
Edition: REV
RAYMOND H. PETERSON is currently the principal of Ray Peterson & Associates, an accounting consulting firm in California. During his career, he has held positions as Director of Financial Accounting for Pacific Bell and Division Manager, Accounting Standards for Bell Communications Research. He also served as treasurer for a number of nonprofit organizations and for twelve years was a member of the Institute of Management Accountants Accounting Standards Committee.
Fixed assets consist of property, plant, and equipment. It is extremely important for businesses to have processes in place that allow them to monitor the status of maintenance on their fixed assets. This book remains the only book on its subject in the marketplace.
The second edition of this resource on fixed-asset accounting features new material on government accounting, not-for-profit accounting, and practical computer software. The book offers accounting professionals guidelines for applying accounting principles designed to maximize the benefits of investments in long-term tangible assets, covering issues such as capitalization, amortization, depreciation, taxes, and fixed- asset inventory. Asset protection is examined in manufacturing, government accounting, regulated utilities, and every type of public and private profit and nonprofit organization. Peterson is principal of an accounting consulting firm. Annotation c. Book News, Inc., Portland, OR (booknews.com)
About the Author | ||
Preface | ||
1 | What is Accounting for Fixed Assets? | 1 |
2 | What Is an Asset? | 11 |
3 | Classifications of Asset Transactions | 27 |
4 | Determining Base Unit | 39 |
5 | Control of Property, Plant, and Equipment | 57 |
6 | Asset Policies Manual | 71 |
7 | Establishing Value | 89 |
8 | Allocation of Costs to Accounting Periods | 99 |
9 | Regulated Utilities | 113 |
10 | Government Accounting | 133 |
11 | Not-for-Profit Accounting | 143 |
12 | Creation and Verification of Property Records | 157 |
13 | Computer Programs | 177 |
Bibliography | 189 | |
Index | 193 |