Asset Accounting
The register, and the four books that value it differently. Acquisition, transfer, revaluation, impairment, retirement and disposal are movements, not columns.
12 steps · 10 questions · 7 screens on this shelf
The screens on this shelf
- Asset Classes What kind of thing it is, and where its postings go — so a hundred laptops do not each carry their own account
- Depreciation Areas One book’s opinion of an asset’s value. Area 01 posts to the ledger, 15 is the tax book and posts nothing, 30
- Depreciation Keys The arithmetic: the method, the rate, what happens in the first period, and whether it switches. Declining bal
- Parallel Valuation The same asset across every area: four rows, four written-down values, four lives, four methods — and the diff
- Asset Movements Every movement of an asset, ever. The register is the sum of these — a column that was overwritten tells you w
- Depreciation Runs Every posting area, or one. A test run calculates and posts nothing — which is the mode a controller actually
- Physical Verification An asset register nobody has walked around with is a list of things that were bought, not a list of things tha
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