Includes bibliographical references (p. 179-183) and index.

What Is Accounting for Fixed Assets? -- Consumption of Benefits -- Characteristics of Assets -- Need to Change -- What Is an Asset? -- Historical Cost -- Matching Principle -- Fixed Assets -- Property -- Plant -- Equipment -- Defining Assets -- Government Accounting -- User Fees -- Not-for-Profit Accounting -- Classifications of Asset Transactions -- Classification Systems -- Accounting Policy Decisions -- Coding of Transactions -- Property Record Coding System -- Determining Base Unit -- Definition of Base Unit -- Purpose of a Base Unit -- Establishing Base Units -- Decision Rules -- Difficulties in Establishment -- Land -- Buildings -- Equipment -- Criteria for Establishing Base Units -- Spare Parts -- Control of Property, Plant, and Equipment -- Asset Accountant -- Asset Custodian -- Inventories -- Property Record System -- Identification of Assets -- Farm Owner Applied Numbers -- Identification of Specific Asset -- Items to Be Tagged -- Bar Coded Tags -- Security -- Asset Policies Manual -- Purpose -- Creating the Manual -- Partial Sample Manual -- Use of the Manual -- Property, Plant, and Equipment Custodian's Responsibilities -- Responsibilities of Asset Accountant -- Procedures for Purchase of Physical Assets -- Approval Limits -- Minimum Capitalization Level -- Items Always Charged to Expense Account -- Transaction Reports -- Data Definitions -- Establishing Value -- Historical Cost -- Other Values -- Uses of Values -- Insurance -- Collateral for a Loan -- Purchase or Sale of a Complete Business