Accounting Today

Strategies AND techniques for getting the most out of A COMPANY S physical assets Accounting for Fixed Assets, Second Edition presents comprehensive guidelines for effectively managing property, plant, and equipment in order to get the maximum benefits out of investments in these long-term tangible assets. Enhanced with numerous examples and illustrations, this new edition features essential material on government accounting, not-for-profit accounting, and practical computer programs. Complete, up-to-date coverage of fixed-asset accounting includes: * Asset classification * Base unit * Asset value * Asset safeguards * Inventories of fixed assets * Extraordinary repairs * Written policies * Self-constructed assets

In-depth coverage of the valuation of accounting practices and of partial ownerships in those practices Fundamental concepts and approaches related to accounting practices Illustrative income approach valuation methods Illustrative market approach valuation methods Illustrative asset-based approach valuation methods Preparing the overall accounting practice valuation synthesis and conclusion Identification and quantification of accounting practice valuation discounts and premiums, and other special topics related to the valuation of partial ownership interests Special topics related to the valuation of accounting practices Reporting the results of the accounting practice appraisal This comprehensive guide covers every aspect of accounting firm valuation, from determining the circumstances in which the procedure should be undertaken to compliance with standards for reporting valuation results. It provides a solid conceptual and theoretical foundation for the analysis and appraisal of accounting practices along