Comparative Survey on the Records of Fixed Assets of Companies and Public Institutions

This paper deals by way of comparison with the theoretical and practical methods to record the output and input of tangible fixed assets (non-current assets) in and from the patrimony of companies, on the one side and of public institutions, on the other side, intending to point out the differences and similarities, in compliance with the national norms and international standards of accounting (IAS and IPSAS, as the case may be).fixed assets, long-term assets, non-current assets, tangible fixed assets, IAS, IPSAS

New Capital Estimates for China

Data on physical capital are an indispensable part of economic growth and efficiency studies. In the case of China, economy-wide fixed asset series are usually derived by aggregating gross fixed capital formation (net of depreciation) over time, and sectoral/ownership-specific series by correcting the limited official fixed asset data available. These procedures, to varying degrees, ignore that (i) gross fixed capital formation does not equal investment, (ii) investment does not equal the value of fixed assets newly created through investment, (iii) depreciation is an accounting measure that bears no necessary relation to changes in the production capacity of fixed assets, (iv) official fixed asset data, where available, incorporate significant revaluations in the 1990s, and (v) “net fixed assets” do not measure the contribution of fixed assets to production. This paper derives economy-wide fixed asset values for 1953-2003, correcting for these shortcomings. It uses both the traditional, cumulative approach and a new, so far unexplored method of combining economy-wide depreciation values and an economy-wide depreciation rate to directly yield economy-wide fixed assets. The derived fixed asset time series are evaluated in a comparison with each other as well as with series in the literature, leading to the recommendation of a specific choice of fixed asset time series.Capital, investment, national income accounting, production function estimations, Chinese statistics, fixed assets, measurement of economic growth

New Capital Estimates for China

Data on physical capital are an indispensable part of economic growth and efficiency studies. In the case of China, fixed asset time series are usually derived either by aggregating gross fixed capital formation data over time, net of depreciation, or by correcting the limited official fixed asset data available. These procedures, to varying degrees, ignore that (i) gross fixed capital formation does not equal investment, (ii) investment does not equal the value of fixed assets newly created through investment, (iii) depreciation is an accounting measure that has no impact on changes in the production capacity of fixed assets, (iv) official fixed asset data, where available, incorporate significant revaluations in the 1990s, and (v) the variable 'net fixed assets,' frequently used in the literature, is an inappropriate measure of fixed assets for the purpose of growth or efficiency studies. This paper derives economy-wide fixed asset values for 1954-2002, correcting for these shortcomings. It also uses the so far unexplored method of combining economy-wide depreciation data (in the income approach to the calculation of gross domestic product) with an economy-wide depreciation rate to directly yield economy-wide fixed assets. The fixed asset time series derived here are contrasted with each other as well as with those presented in the literature. The reliability of the different series is evaluated, leading to the recommendation of a specific choice of fixed asset time series.Capital, fixed assets, investment, national income accounting, production function estimations, measurement of economic growth, Chinese statistics

Food marketing cooperatives of Crete: A financial assessment within the EU context

In this paper an estimate is made concerning the correlation between the prosperity and viability of food enterprises and the volume of fixed assets. The amount of investment in fixed assets refers to the volume of the food cooperative activities. Hence, it can be considered as a comprehensive indicator which shows the size and use orientation of enterprises. The financial activity results and efficiency of the cooperatives depend, in many respects, on investments in the floating funds and fixed assets, the size of investment in monetary units and materials and the optimum ratio between them. This paper provides a financial assessment and comparative analysis of the food marketing cooperatives, against the amount of the fixed assets they have. The main purpose of this research is to estimate the viability of food marketing cooperatives under competitive conditions in the agricultural sector and to evaluate the financial aspects of their activities in terms of the size of fixed assets. The research provides a brief overview of the European Union experience from the financial side of cooperative activities. But due to the huge size of the EU and the significant differences between the various countries, it is difficult to estimate the issue on a union scale. Instead, some general features are mentioned briefly with reference to Greek cooperation, with more specific and detailed data and analyses provided for several cooperatives located in Crete. Crete was chosen for this research because it is one of the largest food producing regions in Greece. The comparative analysis was carried out based on the data for four consecutive years (from 2003 to 2006). For the purpose of this study, cooperatives functioning in Crete were chosen. The aim of the current research was to determine the interdependence between the size of the fixed assets and the welfare of the cooperatives and to underline the optimum amount of assets for marketing cooperatives, based on the ranking of the enterprises. Keywords:food marketing cooperatives, fixed assets, financial ratio analysis, multicriteria analysis., Agricultural and Food Policy, Food Consumption/Nutrition/Food Safety,

INTERFERENCES AND LIMITS OF THE ACCOUNTING POLICIES SPECIFIC TO FIXED TANGIBLE ASSETS INTO THE PUBLIC SECTOR ENTITIES IN ROMANIA

The convergence and compliance process initiated at international level hasinfluenced also the accounting system of the public sector entities from Romania. Taking intoaccount the fact that the fixed tangible assets represent an important part of the total assets ofthe public sector entities, and therefore, they are indicative in presenting the financialposition, by this essential research we structure the issue of the fixed tangible assets in termsof the accounting policies applicable into the public sector from Romania. By dual analysis,that is national regulations versus International Public Sector Accounting Standards, weidentify the interferences and limits of the accounting policies specific to the fixed tangibleassets from the public sector in Romania and we propose alternatives to answer the realneeds of the national public sector entities. This research is based upon a synthesis of theideas on this theme published into the professional literature, the regulations issued by thenational and international accounting regulators, by organisms belonging to the accountingprofession.public sector entity, fixed tangible assets, accounting policies, International Public SectorAccounting Standards(IPSAS)

Funds Flow Analysis and Determinants of Fixed Assets

The core objective of this study is to ascertain a link between the investment in fixed assets and the changing in the patterns of working capital. The relation between the flow of funds and the fixed assets is a central issue of the study. It is concluded in this study that funds from different sources determine the investment in fixed assets by different ways. With the help of this model, corporate planners and financial analysts can quantify the impacts of the flows of various funds on the assets holding patterns. Important conclusion of the model is that “fixed assets and working capital are complements. Working capital of a firm will increase with the enhancement in fixed assets”. The model is based on a single behavioral equation. The study is a mixture of the financial accounting postulates and econometric techniques.Working Capital; Employed Capital; Simulation Analysis; Above the Line; Multiple regression

Ipteks Pengendalian Intern Aset Tetap pada PT. Lumbung Berkat Indonesia

PT Lumbung Berkat Indonesia, as a company entity engaged in construction, of course, this company has various types of fixed assets. The Company\u27s fixed assets should be secured by means of internal controls of fixed assets that will oversee, control costs incurred to acquire fixed assets, increase or extend the fixed asset\u27s useful life and increase operational contribution and productive capacity of fixed assets in order to safeguard the company\u27s property. Based on the research that has been done at PT Lumbung Berkat Indonesia and the existing discussion, the conclusion that can be taken is that the internal control of fixed assets will run efficiently if the points that exist in the elements of control environment, risk assessment, control activities, related information , and monitoring has been well executed amongst companies to perform physical matching of fixed assets, appropriate division of functions and responsibilities, separating expenditures of income and expenses, following insurance against fixed assets, creating audit committees and implementing the abolition and disposal of fixed assets. Suggestions for better companies to explore the knowledge and application of internal control of good fixed assets for corporate activities to run effectively and efficiently and the presentation of financial statements and information about the company\u27s fixed assets is accurate and reliable

Ipteks Pengendalian Intern Aset Tetap pada PT. PLN (Persero) Up3 Manado

In carrying out all its operational activities, a company needs and has never been separated from the role of fixed assets. Fixed assets are one of the assets of a company that has a useful life of more than one year and has a large materiality value. At PT. PLN (Persero) UP3 Manado, fixed assets are one of the assets with a very large value of materiality. Therefore, it takes a control of fixed assets to maintain and secure fixed assets from possible errors, both recording errors and policies made on fixed assets themselves. PT. PLN (Persero) UP3 Manado Certainly has a variety of fixed assets that support all company activities. Internal control of fixed assets at PT. PLN (Persero) UP3 Manado has been running well. PT. PLN (Persero) UP3 Manado is very concerned about the elements in the control of inter-fixed assets. Even though he has performed his duties well, PT. PLN (Persero) UP3 Manado still must pay attention to all the elements that exist to avoid things that are detrimental to the company in this case PT. PLN (Persero) UP3 Manado

Faktor-faktor Yang Mempengaruhi Optimalisasi Pemanfaatan Aset Tetap

This article examines determinants which influence the optimization of fixed assets utilization in Local Treasury and Asset Management Agency of Boven Digoel Regency. The number of population in this study was 77 respondents from government officials and no… The final respondents were 69. A purpose sampling technique was used to select the respondents. A direct survey was employed to collect research data. This study used multiple regressions to empirically test the hypotheses. The findings indicated that assets inventory positively influence fixed assets utilization and management in Boven Digoel Regency. This infers that the improvements of assets inventory are likely to optimize fixed assets utilization and management in Boven Digoel Regency. In addition, legal audit was positively associated with fixed assets utilization and management. In other words, legal audit advancement is likely to optimize fixed assets utilization and management in the Regency. Moreover, assets recognition was also positively associated with fixed assets utilization and management in the Regency. This means that the better the assets recognition, the better the optimization of fixed assets utilization and management in Boven Digoel Regency. Keywords: Asset Inventory, Legal Audit, Asset Recognition, Asset Optimization