Category Archives: Asset Accounting

Quantity Management in Fixed Assets

Indeed, you can manage identical capital goods in the inventory as one single item, with specification of the quantity. In the sense of valuation, identical means the following: Identical date of acquisition Identical acquisition and production costs Identical depreciation method … Continue reading

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Inventory

Our national tax and accounting laws regulate what has to be detailed in the inventory directory. These laws also regulate how and at what time intervals a physical inventory (stocktaking) must be performed. The verification that the individual assets listed in … Continue reading

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Basic Concepts of Asset Reporting

The drawing up of a balance sheet is the presentation of the values of assets and liabilities. Fixed assets are part of and generally the major part of the assets of a company. Within accounting, asset accounting is responsible for … Continue reading

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