Fixed assets / Account system - Economy-point.org

» Personal Loan No Credit Check, Online Economics » Account system » Topics begins with F » Fixed assets

Page modified: wtorek, lipiec 12, 2011 14:28:27

Account system

Definition: To the fixed assets belong all pieces of property, which are bound in the enterprise on a long-term basis. The fixed assets cover everything that belongs for the setting up and to the equipment of an enterprise.

The fixed assets are beside the circulating capital part of the balance of an enterprise. It stands on the assets side, represents thus a part of the firm's property.

As fixed assets are considered loud "§ 247 exp. 2 HGB all fortune articles, which are intended to serve durably the business concern.

Among them fall for example

Material assets such as machines and real estates,
long-term financial assets such as Federal loans or participation in other enterprises as well as
immaterial fortune articles such as license rights and patents, if they are to be added on a long-term basis to the business concern, and the goodwill.

After the GoB (principle of regular record keeping) all fortune articles of the fixed assets must be set for the completeness ("§ 239 exp. 2 HGB). Exception: Balance prohibition for immaterial fortune articles of the fixed assets (e.g. goodwill even created, provided software, which applies for the internal requirement), even created.

With fortune articles of the fixed assets, which are temporally limited, is the acquisition and/or manufacturing costs according to plan to copy ("§ 253 exp. 2 sentence 1 HGB).

Beyond that unscheduled writings-off must be made, if it comes to a presumably lasting depreciation ("§ 253 exp. 2 sentence 3 HGB) - this is the moderated minimum value principle. Reasons for unscheduled writings-off:

Correction of the writing-off plan
Loss anticipation
extraordinary technical or economic wear
if tax allowance was made (unit of handels and tax balance)

If extraordinarily one copied, a writing up may be made.

Political economy

In the economical Gesamtrechnung (VGR) the fixed assets are a part of the fortune. Under fixed assets the following is seized: All produced fortune goods, which are repeated longer than one year or used durably in production. These are called tangible assets.

Financial assets and not-produced material assets, like reason and soil, as well as non and activated goodwill, do not belong to the fixed assets in the sense of the VGR. The customs ability of the private households is not contained just as. Military consumer durables are included in the fixed assets, even if they could be used civilian. Purely militarily usable goods such as weapons and armored vehicles do not belong to the fixed assets.

The fixed assets cover material and immaterial goods. Tangible assets cover material plants like e.g. Machines, vehicles etc. to the immaterial fixed assets e.g. belong. Computer programs.

Instead of of the fixed assets in the political economy usually of the capital stick one speaks.

Replacements of investments + Erweiterungsinvestitonen = asset investments

From a press release of the StBA from 21 October 2005:

"In the context of the economical Gesamtrechnungen (VGR) the Federal Statistical Office computes among other things also the value of the roads as a component after buildings the internationally recommended Kumulationsmethode. Is assumed today's tangible assets consist of the investments of the past.

The fixed assets calculation of the economical Gesamtrechnungen covers all produced and thus reproducible fortune goods, which are repeated longer than one year or used durably in production. Therefore is the value reason and soil not with contained, because it cannot be in accordance with-honoured by production activity. The reason and soil rank among the not-produced fortune goods, whose value in the economical Gesamtrechnungen is determined only in larger time intervals. "