{"id":9048,"date":"2021-10-13T11:17:36","date_gmt":"2021-10-13T09:17:36","guid":{"rendered":"https:\/\/altax.al\/?post_type=product&#038;p=9048"},"modified":"2021-11-15T14:49:26","modified_gmt":"2021-11-15T13:49:26","slug":"accounting-for-fixed-assets","status":"publish","type":"product","link":"https:\/\/altax.al\/en\/product\/accounting-for-fixed-assets\/","title":{"rendered":"Accounting for fixed assets"},"content":{"rendered":"<p>There has been considerable argument that fixed assets of businesses\u00a0should be recorded\u00a0on the books at something different\u00a0than depreciated\u00a0original cost, that adjustments should be made to reflect\u00a0the\u00a0market\u00a0value up as well as down, and that book asset accounting should\u00a0be\u00a0changed from\u00a0cost allocation to reflect\u00a0some measurement\u00a0of value.<\/p>\n<p>The\u00a0public review\u00a0and promulgation\u00a0process\u00a0of the GASB provide\u00a0rebuttals\u00a0to all of those arguments.\u00a0This book is designed for accountants and managers who want to\u00a0get the most from the physical assets of their organizations.\u00a0The purpose of providing this book on accounting for property,\u00a0plant, and equipment, is to provide the framework for you to install in\u00a0your organization accounting processes and procedures that will allow\u00a0you to manage long-term physical assets.<\/p>\n<p>The book is organized to allow you to skip over the initial processes\u00a0necessary to the system, and understand the principles and philosophy\u00a0that are necessary in managing assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since the first edition of this book in 1994, not much change has occurred\u00a0to accounting standards\u00a0for Property,\u00a0Plant, and Equipment in\u00a0business.\u00a0The GAAP\u00a0 promulgated by the Financial Accounting, FASB,\u00a0has been to further the concept of identifying the cost of an asset and\u00a0spreading that cost over the accounting periods that benefit. Accounting\u00a0for contributions, impairments, and financing of assets have been\u00a0addressed\u00a0by the FASB.<\/p>\n","protected":false},"featured_media":9049,"template":"","meta":{"inline_featured_image":false},"product_brand":[],"product_cat":[10379],"product_tag":[10303,10306],"class_list":["post-9048","product","type-product","status-publish","has-post-thumbnail","product_cat-altax-library-en","product_tag-accounting","product_tag-fixed-assets","first","instock","sale","downloadable","virtual","purchasable","product-type-simple"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Accounting for fixed assets - ALTAX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/altax.al\/en\/product\/accounting-for-fixed-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accounting for fixed assets - ALTAX\" \/>\n<meta property=\"og:description\" content=\"Since the first edition of this book in 1994, not much change has occurred\u00a0to accounting standards\u00a0for Property,\u00a0Plant, and Equipment in\u00a0business.\u00a0The GAAP\u00a0 promulgated by the Financial Accounting, FASB,\u00a0has been to further the concept of identifying the cost of an asset and\u00a0spreading that cost over the accounting periods that benefit. 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