fixed asset

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Related to fixed asset: Current asset, Fixed asset turnover

fixed′ as′set

a long-term asset, as a tract of land.
References in periodicals archive ?
With so many details involved in fixed asset management, giving users the most in-depth data in the most easy-to-use format is a must.
Most fixed asset manager programs only support seven books and it is hard to understand why more aren't supported, considering the number of businesses with multi-state operations.
With the addition of fixed asset management capabilities, Jenzabar EX 2.
Historically, fixed assets have received little audit scrutiny and, as a result, some major financial frauds have been perpetrated through significant misstatements of fixed asset balances in the financial statements of public companies.
Six key business processes must be modified and connected to implement this transaction-based approach: acquisition planning and contract writing; receipt, acceptance, and pay and work in process; military equipment valuation; asset accountability; fixed asset accounting; and financial reporting.
The software can filter, sort, find, and process millions of fixed asset records in seconds, helping to identify unnecessary expenses.
This, however, leads to other questions, such as whether test runs of a new plant are start-up costs or costs to get the fixed asset ready for its intended use.
Accordingly, identifying and removing such assets from the fixed asset records can significantly reduce property tax assessments.
This view grossly underestimates the administrative burden to account for the addition or deletion of the assets from fixed asset ledgers, to compute the proper depreciation under multiple tax regimes, and to calculate the proper gain or loss under the various tax regimes on disposition of the fixed assets.
Therefore, to use the fixed asset portion of the balance sheet in the calculation of return on assets is going to require making an adjustment to the total asset value.
The NCUA has amended its original fixed asset rule and will re-propose the rule at its Thursday board meeting.
The solution has been proven to integrate with SAP ERP, providing customers with automated data reconciliation for fixed asset deprecation, and a holistic view of assets' book and tax value.