Internal Control of Fixed Assets: A Controller and Auditor's Guide

Index

Accounting department, responsibility for internal control

Accounting Standards Codification (ASC)

ASC 350

ASC 360

ASC 805

ASC 820, Fair Value

American Institute of Certified Public Accountants (AICPA)

component depreciation proposal

practice aid on impairment

Amortization of intangible assets

ASC. See Accounting Standards Codification (ASC)

Assembled work force

Asset acquisition and disposal

Asset and liability approach

Asset life cycle

Asset tagging. See Tagging of property, plant, and equipment

Auction value. See also Liquidation value

Auditor’s attestation

Barcode tagging

Book value

Books and taxes, separate accounting for

Brand names. See Trade names

Buildings

component depreciation. See Component depreciation

useful life

Business combinations

assets acquired, flexibility of software in accounting for

detailed valuation of PP&E (de novo appraisal)

fair value of assets. See also Fair value

goodwill, accounting for

indexes, applying to target company’s asset register

insurance coverage issues

intangible assets acquired in

purchase price allocation (PPA)

target’s book value, carryover of

target’s property register, inaccuracies in

Business Enterprise Value (BEV)

Business units. See also Reporting units

Capital expenditures

Capitalization

acquisition of PP&E under IFRS

impact of capitalization levels

minimum level, increasing

optimum limit

overview

policy

theory

Cash flow

disclosures

Discounted Cash Flow analysis. See Discounted Cash Flow (DCF) valuation approach

financing ...