Optimized Fixed Asset Records
Optimal Unit of Reporting: only track what is required from regulatory agencies, including local property taxation, insurance, or environmental control management.
Optimal Unit of Property Management: use Best Practices to define most efficient unit of property for managing asset life cycles.
Address Special Information Needs: construction in progress, leased property, environmental assets, non-insurable assets, retired assets, and adjusted property
Asset Information System: include asset type, description, manufacturer, serial number, year, original cost, account, project number, and as appropriate location and bar codes, job number, partial retirement, transfer, and adjustment information
Classification by Reporting Class
Identification of Intangibles 13