【正文】 d Assets Objectives ? To maintain a plete register of all the organisation?s fixed assets which reflects location, age, current values, associated cost centres ? To calculate depreciation consistently with financial reporting requirements ? To optimise replacement policies ? To minimise ownership costs Organisation ? Asset recording integrated with maintenance and non financial data ? Centralised asset accounting ? Asset ownership devolved to business unit level People ? Control focused ? Challenge asset requisition proposals Processes ? Maintain asset register ? Acquisitions and disposals ? Depreciation charge ? Verifying asset base ? Maintaining of valuation basis Controls ? Asset verification ? Asset valuation ? Acquisition and disposal authorities Measures ? Number of assets maintained ? Cost of department ? Elapsed time to record asset Information Systems ? Asset ledgers integrated with GL and AP ? Depreciation and project control by cost centre ? Automated depreciation calculation 3 PwC175 Maintain fixed asset register Control acquisitions and disposals Manage periodic asset depreciation Verify and value asset base Process Features ? Determine asset categories for internal and statutory purposes ? Monitor asset maintenance charges ? Apply insurance valuation to key assets ? Ensure asset responsibility at BU level ? Identify asset usage ? Set up appropriate control of asset acquisition and disposals across pany ? Report on acquisitions and disposals on a monthly basis ? Monitor tax issues related to acquisitions or CIP ? Ensure BU responsibility for assets in their use and for disposal losses ? Depreciate at point of asset use ? Apply depreciation rules to asset classes ? Depreciation rates in management accounts in line with statutory rates ? Links asset depreciation to production and product costs/development ? Revalue key assets on a regular basis based on book value and high risk ? Comprehensive asset verification on regular periodic or rolling basis where asset cannot be verified via technical assumptions (most telco?s do not verify work assets: the fact that the work works is verification enough) ? Verify non capitalised assets System Features ? On line asset register holding key data and current cost allocation ? Cost code validation with GL ? Automatic links to AP and Project Accounting system to capture acquisitions ? Revaluation of features and mass transfers of assets to new cost centres ? Leased asset features pliant with accounting standards ? Acquisition linked to purchase order and accounts payable ledger ? Disposals linked to sales ledger ? CIP linked to capital project accounting ? Effective tax management integrated with the fixed assets system ? Depreciation charged automatically to cost centres in GL ? Forecast asset depreciation for budget purposes ? Variable depreciation rules for classes of assets ? Assets can be grouped for depreciation rules ? Variable asset valuation mechanisms eg historic, current replacement ? Complete asset reports by physical location and cost centre ? Report on identified or missing assets ? Hold non capitalised physical assists for verification ? Bar coding of assets for verification Fixed Assets Best Practice Features 4 PwC175 Fixed Assets Measures/Cost Drivers No of Business Unit FTEs per Fixed Assets FTE 90 percentile Median 10 percentile 5,200 1,400 350 10 percentile Median 90 percentile 163。151 Cost drivers Fixed Assets cost per Business Unit FTE (in 163。 prepare GL journals ? Receive requests for adhoc reports ? Produce reports ? Select assets to dispose ? Obtain quote if applicable ? Sell / dispose of assets ? Notify relevant accountants ? Record transactions in accounts ? Reconcile GL accounts ? Calculate profit/loss on disposal Changes in FA Policies and Procedures FA register structure maintained Updated FA Register Updated FA register amp。 – WIP。 and – add to existing as cost adjustment. ? Assign asset life ? Assign asset to departmental manager, location ? Post prepared lines to fixed asset register Assets from AP or Project Accounting Asset addition notification AP lines with Skeleton details AP lines with additional information Added Assets Updated FA Register FA register structure maintained FA register structure maintained GL a/c maintained for additions Input automatic data FA Add additional information FA Post asset details FA I