Author Description

This book covers a practical approach to Physical Assets Management for small, medium, and even large scale businesses. In addition to the entire process from acquisition to end of use, it covers in some detail RFID/Video as well as other surveillance technologies to secure your facilities and assets. It covers the importance of GAAP based Internal Controls as it relates to Assets Management as well as references to a host of related compliance standards, including ISO 55000. It offers a review of GAAP vs. MACRS (IRS) methods when computing depreciation as well as first year conventions. It touches on both FASB and GASB standards for private industry and government entities, respectively. It reviews safe harbor rules for each and when to capitalize or expense assets and how each affect asset cost basis and depreciation or cost recovery. Finally, the Appendix includes a host of e-form printouts to incorporate the necessary controls you'll need to track assets - from requisition to end of use.