Asset Accounting
Asset accounting is the accounting of the asset accounts such as: cash, accounts receivable, inventory, buildings, land, equipment and intangible assets.
Asset Accounting Terms
- Accumulated Depreciation
- Addition
- Asset Revaluation Reserve
- Audit Trail
- Brownfields Valuation
- Capitalisation
- Carrying Amount
- Cash Flow Forecast
- Condition-based Depreciation
- Current Asset
- Depreciable Amount
- Depreciated Replacement Cost
- Depreciation
- Desktop Revaluation
- Disposal
- Economic Value
- Fair Value
- Fixed Asset
- Found Asset
- Future Economic Benefit
- Greenfields Valuation
- Impairment
- Intangible Asset
- Liquid Asset
- Maintenance Expenditure
- Non-Current Asset
- Operating Expenditure
- Partial Disposal
- Reconciliation
- Recurrent Expenditure
- Remaining Useful Life
- Replacement Cost
- Replacement Value
- Residual Value
- Rolling Valuation
- Straight-line Depreciation
- Upgrade Expenditure
- Valuation
- Work Order
- Write Off
- Written Down Value
Collaborators & Contributors
The following people have contributed to this page and/or have indicated (via the Local Government Collaboration Topics Survey) that they have an interest and/or expertise in the topic of 'asset accounting' and are willing to collaborate with their peers at other councils and organisations to identify challenges and resources relating to the topic and to look for ways to work together to overcome any challenges that are identified.
- Alyson Noll (Lachlan Shire)
- Ben Clark (City of Tea Tree Gully)
- Bill Scott (Central Goldfields Shire)
- Chris Saunders (Glenelg Shire)
- Daniel O'Shea (Local Government Victoria)
- David Goldie (City of Greater Geelong)
- David Gyford (West Wimmera Shire)
- Des Martin (Campaspe Shire)
- Hirantha Wanigasundera (City of Moonee Valley)
- Indivar Dhakal (Loddon Shire)
- John van Nieuwkerk (Corangamite Shire)
- Johnathon Roach (Open Spatial) EL
- Kamal Ranaweera (City of Logan)
- Kylie Sergi (Rural City of Mildura)
- Michael Constantinou (Banyule City Council) EL
- Mohammad Rashid (City of Banyule)
- Quenten Graham (Swan Hill Rural City Council)
- Royce Bastin (Southern Grampians Shire)
- Shannon Galea (Campaspe Shire)
- Wayne Eddy (Whittlesea City Council) ELW
- Will Repic (City of Maribyrnong)
Related Pages
External Links & References
- A guide to asset accounting in Local Governments (502KB Pdf)
- eHow
- Google Search
- AASB Glossary
- Accounting for Infrastructure Assets - David Hope (1999)
