FIXED ASSET MANAGEMENT

ACL ESSENTIALSGet insight into your ERP process health,

compliance & financial exposure

Page Analytic Name

Fixed assets listingAM Analytic 01

Fixed assets with zero book valueAM Analytic 02

Fixed assets with no depreciationAM Analytic 03

Sample of fixed assets for physical inspection by auditAM Analytic 04

Version 6.0.0 –2018/02

Extracts a listing of fixed assets

ACCOUNTS PAYABLE

PAGE 3

ACL ESSENTIALS –FIXED ASSET MANAGEMENT

ACL ESSENTIALS | FIXED ASSET MANAGEMENT | AM_ANALYTIC_01_AMCS101

CONTEXTA fixed assets listing provides a summary of all assets held within an organisation.

RISKLack of fixed asset register management and maintenance.

PROCEDUREExtracts a current listing of fixed assets.

ANALYTIC LOGICExtracts a current listing of all fixed assets in the system.

OUTPUT RESULTS FIELD NAMES

Company Code Company Name Asset Number Asset Description

Asset Class Description

OUTPUT VISUALIZATION EXAMPLES

PAGE 4

Acquisition Value

Asset Class

Cost Value Incl. Revaluation

Accumulated Depreciation

Book Value Report Currency

Count of fixed assets by class

Fixed asset listing by acquisition value

Extracts all fixed assets a book value of zero

PAGE 5

ACL ESSENTIALS –FIXED ASSET MANAGEMENT

ACL ESSENTIALS | FIXED ASSET MANAGEMENT | AM_ANALYTIC_02_AMCS102

CONTEXTFixed assets listed with a zero book value are indicative of assets that have incorrect useful lives and/or are incorrectly valued.

RISKAssets are incorrectly valued or have incorrect useful lives.

PROCEDUREIdentifies all fixed assets with a book value of zero.

ANALYTIC LOGICExtracts fixed assets in the system with a book value of zero (where cost includingrevaluations equals accumulated depreciation).

OUTPUT RESULTS FIELDS

OUTPUT VISUALIZATION EXAMPLES

PAGE 6

Asset Number Asset Description Asset ClassAcquisition Value

Cost Value Incl. Revaluation Book Value Report CurrencyAccumulated Depreciation

Pie chart of total acquisition by asset class

Asset number by asset class

Acquisition value by asset class

Company Code Company Name

Extract all fixed assets with no depreciation

PAGE 7

ACL ESSENTIALS –FIXED ASSET MANAGEMENT

ACL ESSENTIALS | FIXED ASSET MANAGEMENT | AM_ANALYTIC_03_AMCS103

RISKContravention of accounting standards and overstatement of the balance sheet.

PROCEDUREIdentifies all fixed assets with no depreciation.Note: Certain fixed assets such as investment property, land, and assets underconstruction are not depreciable assets. These asset classes should ideally beexcluded for purposes of this analytic.

ANALYTIC LOGICExtracts all those assets with zero accumulated depreciation.

OUTPUT RESULTS FIELD NAMES

OUTPUT VISUALIZATION EXAMPLES

CONTEXTDepreciation shows a reduction in the value of an asset over time, as the asset is used in the business. Depreciation methods should be aligned to accounting standards and applied consistently every year.

PAGE 8

Heat map of total acquisitions by asset and description

Total book value of exceptions by asset

Asset Number Asset Description Asset Class Asset Class Description Acquisition Value

Report Accumulated Depreciation Report Book ValueCost Value Incl Revaluation Report Currency

Generates a sample of fixed assets for physical inspection by audit

PAGE 9

ACL ESSENTIALS –FIXED ASSET MANAGEMENT

ACL ESSENTIALS | FIXED ASSET MANAGEMENT | AM_ANALYTIC_04_AMCS104

RISKNon-existence of assets listed on the fixed asset register.

PROCEDUREGenerates a sample of fixed assets for physical inspection by audit.

ANALYTIC LOGICExtracts a random sample of fixed assets using the random sampling method ofACL.

VARIABLESample size.

CONTEXTPhysical inspection of assets verifies the existence of the assets. It also assists with confirming the condition of the asset to validate its valuation.

PAGE 10

OUTPUT RESULTS FIELD NAMES

OUTPUT VISUALIZATION EXAMPLES

Acquisition value of assets

Book value of assets

Company Code Company Name Asset Plant Location Asset Number Asset Description

Report Acquisition Value Cost Value Incl. RevaluationAsset Class Description Report Accumulated Depreciation

Asset Class

Report Book Value Report Currency Asset Value First Post Asset Capitalization Date Asset Value Last Post

Deactivation Date