Ask Your Mates Open Forum

Asset accounting policies

  • 1.  Asset accounting policies

    Posted 03 September 2015 22:23
    Dear asset mates,

    We've had an asset accounting policy sitting in draft form at Willoughby for a number of years now, and I am in the process of finalising it for Council adoption. The information we already have is pretty good, and a credit to the technical experts within our organisation, but I want to be sure we are covering off all the relevant accounting procedures and assumptions.

    A quick Google search showed up a large number of examples from other Councils that I can draw from in finalising this document, but I'm curious to know from the experts in this forum (particularly those with a financial background): are there any particular examples of Asset Accounting Policies out there that you would hold up as good examples of best practice?

    Kellie Adlam
    Assets Management Co-ordinator
    Willoughby City Council

  • 2.  RE: Asset accounting policies

    Posted 06 September 2015 20:10

    Hi Kellie,

    Queensland Treasury have some excellent resources that you could use as best practice guide; see the link below

    David Okunyah
    Asset Analyst
    Campaspe Shire Council


  • 3.  RE: Asset accounting policies

    Posted 16 September 2015 19:38
    Hi Kellie

    I find ours to be fairly straight forward. .  It is obviously linked to the Asset Management Policy


    Reece Harrison
    Coordinator Asset Management
    City of Charles Sturt