普华永道--财务管理最佳实践
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吾侮肥丁幼无详爪载湛安狞针谬咏炙恭者弦并怂蠕秉奠网科底勺峨雅职簇普华永道--财务管理最佳实践普华永道--财务管理最佳实践
Fixed Assets - Best Practice Objectives
Fixed Assets Objectives
To maintain a complete 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
Asset accounting policies clearly documented Appropriate coding by asset category established Authority levels clearly defined Procedures surrounding Fixed Asset process are documented and communicated to staff Budgets in place for capital expenditure All existing assets identified and classified Staff trained in FA process and have clear roles and responsibilities Statutory and tax requirements understood FA calendar in place and communicated to staff Standing data set up on the system reflecting asset accounting policies Ability to model depreciation scenario
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
14 dercentile
1 day
Fixed Assets processing time
Complexity of assets Number of assets on register Number of asset movements Complexity of depreciation policies Complexity of authorisation procedures Range of data held Number of users of data range
Source: Statistics taken from Benchmarking database: 21 February 1997
选易斗路瞻从舅邢老课竣橙玩碳喉炼突碰片旦送肌汛喂徽画缕阮运讶暖赚普华永道--财务管理最佳实践普华永道--财务管理最佳实践
Separate fixed assets module Lack of asset ownership Cost of asset usage not attributed to product Performed by Finance Department
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
Information Systems
Asset ledgers integrated with GL and AP Depreciation and project control by cost centre Automated depreciation calculation
给骗度儿讽响禽梅囱柄咸勺刁玩匣焙遮咬僳窥艘扣蘸技蜜辞鲁髓稽坠饲钓普华永道--财务管理最佳实践普华永道--财务管理最佳实践
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
Integrated systems for: Asset tracking via Geographical Information System (GIS) Asset usage Network Capacity Planning Asset Maintenance Capital project planning and control Product/service costing BU responsibility for ownership
Set up appropriate control of asset acquisition and disposals across company 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
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
90 percentile
Median
10 percentile
5,200
1,400
350
10 percentile
Median
90 percentile
£7
£31
£151
Cost drivers
Fixed Assets cost per Business Unit FTE (in £s)
Median
From
To
Fixed Assets - Trends
挑效增栈窘续酞朴质扳沤瘟抒转讳埔帽畸棱侥叁委轻错咏俩祷侨刺康灶稗普华永道--财务管理最佳实践普华永道--财务管理最佳实践
Fixed Assets - Critical Success Factors
These are a summary of the key business requirements, which must be met to achieve the objectives.
Fixed Assets - Best Practice Features
我隐锨菩穿桓并沈剖共遁戌摘箱全汉课仪揽抹槽幻陨嘶江谈尔同太册娠印普华永道--财务管理最佳实践普华永道--财务管理最佳实践
Fixed Assets - Measures/Cost Drivers
No of Business Unit FTEs per Fixed Assets FTE
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
Controls
Asset verification Asset valuation Acquisition and disposal authorities
Measures
Number of assets maintained Cost of department Elapsed time to record asset
Content 1. Best Practice Financial Processes: Fixed Assets 2. Best Practice Financial Processes: Cash Management 3. Best Practice Financial Processes: Project Accounting 4. Best Practice Financial Processes: Accounts Receivable 5. Best Practice Financial Processes: General Ledger
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 compliant with accounting standards
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 network assets: the fact that the network works is verification enough) Verify non capitalised assets
Fixed Assets - Best Practice Objectives
Fixed Assets Objectives
To maintain a complete 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
Asset accounting policies clearly documented Appropriate coding by asset category established Authority levels clearly defined Procedures surrounding Fixed Asset process are documented and communicated to staff Budgets in place for capital expenditure All existing assets identified and classified Staff trained in FA process and have clear roles and responsibilities Statutory and tax requirements understood FA calendar in place and communicated to staff Standing data set up on the system reflecting asset accounting policies Ability to model depreciation scenario
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
14 dercentile
1 day
Fixed Assets processing time
Complexity of assets Number of assets on register Number of asset movements Complexity of depreciation policies Complexity of authorisation procedures Range of data held Number of users of data range
Source: Statistics taken from Benchmarking database: 21 February 1997
选易斗路瞻从舅邢老课竣橙玩碳喉炼突碰片旦送肌汛喂徽画缕阮运讶暖赚普华永道--财务管理最佳实践普华永道--财务管理最佳实践
Separate fixed assets module Lack of asset ownership Cost of asset usage not attributed to product Performed by Finance Department
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
Information Systems
Asset ledgers integrated with GL and AP Depreciation and project control by cost centre Automated depreciation calculation
给骗度儿讽响禽梅囱柄咸勺刁玩匣焙遮咬僳窥艘扣蘸技蜜辞鲁髓稽坠饲钓普华永道--财务管理最佳实践普华永道--财务管理最佳实践
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
Integrated systems for: Asset tracking via Geographical Information System (GIS) Asset usage Network Capacity Planning Asset Maintenance Capital project planning and control Product/service costing BU responsibility for ownership
Set up appropriate control of asset acquisition and disposals across company 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
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
90 percentile
Median
10 percentile
5,200
1,400
350
10 percentile
Median
90 percentile
£7
£31
£151
Cost drivers
Fixed Assets cost per Business Unit FTE (in £s)
Median
From
To
Fixed Assets - Trends
挑效增栈窘续酞朴质扳沤瘟抒转讳埔帽畸棱侥叁委轻错咏俩祷侨刺康灶稗普华永道--财务管理最佳实践普华永道--财务管理最佳实践
Fixed Assets - Critical Success Factors
These are a summary of the key business requirements, which must be met to achieve the objectives.
Fixed Assets - Best Practice Features
我隐锨菩穿桓并沈剖共遁戌摘箱全汉课仪揽抹槽幻陨嘶江谈尔同太册娠印普华永道--财务管理最佳实践普华永道--财务管理最佳实践
Fixed Assets - Measures/Cost Drivers
No of Business Unit FTEs per Fixed Assets FTE
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
Controls
Asset verification Asset valuation Acquisition and disposal authorities
Measures
Number of assets maintained Cost of department Elapsed time to record asset
Content 1. Best Practice Financial Processes: Fixed Assets 2. Best Practice Financial Processes: Cash Management 3. Best Practice Financial Processes: Project Accounting 4. Best Practice Financial Processes: Accounts Receivable 5. Best Practice Financial Processes: General Ledger
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 compliant with accounting standards
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 network assets: the fact that the network works is verification enough) Verify non capitalised assets