Free Samples
ENG708 Asset Management
.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}
ENG708 Asset Management
0 Download4 Pages / 884 Words
Course Code: ENG708
University: University Of Tasmania
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Questions:
Outdoor infrastructure data management/open space asset management (finance and data)
Organisation: public service e.g. council.
Insurance thresholds
What to insure and to what level?What can be claimed?
Financial threshold (valuation threshold)
What gets capitalized?What is capitalized maintenance?What do valuation include?Methodology for capitalization/componentisation
Data collection
What data to be collected and maintained?
Asset handover (capital vs maintenance)
Handover of developmentsHandover of capital works (the process from asset team)How do we find out about maintenance
In the field:
What statutory obligations to comply with?What level of detail data is actually required to meet the requirements?What other details to make day to day operations easier?
Answers:
Open Space Asset Management.
The Asset Management planning covers the various aspect of the use and the utilization of the different kind of asset held under use by the Public Service Council. There are different assets of the organization, which are the key assets and the same should be dealt with concerns and factors like Insurance of the Assets, Valuation of the Asset and the Asset Handover Techniques (Duchin et al. 2017).
Insurance Thresholds
The Local Council should have all the assets of the organization secured in order to avoid the risk constituted with asset. The assets of the organization should be insured in order to avoid undue risk arising or occurring from theft, fire and other risk, which may affect the useful life of the asset and the same could result in the financial loss for the council if the same is not insured or secured (Guironnet, Attuyer and Halbert 2016). The local council can claim for the damages that may arise because of the above risks mentioned. The local Council can claim the damages occurred in the assets of the council and the council can recover the same amount of insurance contract done by the Council. The Insurance Contract should be as a risk-assessing instrument for the use by the council. The value of the asset should be quantified at first in order to determine the correct value and to know the threshold level for Insurance (Porter and Heppelmann 2015).
Financial Thresholds (Valuation Thresholds)
The financial accounting of data and the application of the same involves judgment and probability factor implied by the auditors of the company. There are certain points and terms where the quantitative thresholds are applied in the use of financial data evaluation and with the use of qualitative factors for evaluation and assessment purpose. The financial and accounting decisions taken by the company with respect to the assets of the company depends upon the type of asset and the nature of asset use taken by the local council. The financial threshold is applicable at the different level of operation in the business. The financial decisions and other relevant information could implement and influence the long-term workings and the growth of the council (Dumay 2016).
The assets, which is capitalized, depends upon the financial decisions taken by the council and the same depends upon the usage of the assets whether the same is for a long-term perspective or the same is for the maintenance purpose. The methodology involved depends upon the classification and the use of the assets by the council. The valuation method include valuation of long-term assets of the council at the respective book value of the assets and the assets, which are held for long-term purpose. Assets held for maintenance and short-term use or as an investment, purpose by the council is determined at the fair value by the council. The valuation of assets are done primarily by two values wither at book value or the fair value and depending upon the usage, characteristics and type of assets class it is the council choice to classify the asset at the respective valuation methodology.
Asset Handover (Capital vs Maintenance)
The asset handover is the process of transformation of ownership of the asset for the purpose of use of the assets. The assets held by the management and the classification of asset depend upon the type of the asset. The assets are transferred for general usage within the employee of the organization or council (Arthur 2018).
In the Field
Several compliances and guidelines needs to be followed in respect to the statutory rules and regulations laid down by the statutory body where the local council operates. The statutory guidelines and regulations serves as the guideline for the local council to operate, work, and carry on their daily workings (Brunswicker and Vanhaverbeke 2015).
There needs to be a proper detail of the daily workings of the council, which is carried on by the local council and the same needs to be in detailed discussion so that the workings of the local council is directed in a well way.
There are certain other details required for the operations of the company and the same should include all the important details including the financial details and the operational details of the local council in order to ensure that the workings of the council is assess and examined in a well classified manner.
References
Arthur, W.B., 2018. Asset pricing under endogenous expectations in an artificial stock market. In The economy as an evolving complex system II (pp. 31-60). CRC Press.
Brunswicker, S. and Vanhaverbeke, W., 2015. Open innovation in small and medium?sized enterprises (SMEs): External knowledge sourcing strategies and internal organizational facilitators. Journal of Small Business Management, 53(4), pp.1241-1263.
Duchin, R., Gilbert, T., Harford, J. and Hrdlicka, C., 2017. Precautionary savings with risky assets: When cash is not cash. The Journal of Finance, 72(2), pp.793-852.
Dumay, J., 2016. A critical reflection on the future of intellectual capital: from reporting to disclosure. Journal of Intellectual capital, 17(1), pp.168-184.
Guironnet, A., Attuyer, K. and Halbert, L., 2016. Building cities on financial assets: The financialisation of property markets and its implications for city governments in the Paris city-region. Urban Studies, 53(7), pp.1442-1464.
Porter, M.E. and Heppelmann, J.E., 2015. How smart, connected products are transforming companies. Harvard Business Review, 93(10), pp.96-114.
Free Membership to World’s Largest Sample Bank
To View this & another 50000+ free samples. Please put
your valid email id.
Yes, alert me for offers and important updates
Submit
Download Sample Now
Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.
UploadUnique Document
DocumentUnder Evaluation
Get Moneyinto Your Wallet
Total 4 pages
PAY 3 USD TO DOWNLOAD
*The content must not be available online or in our existing Database to qualify as
unique.
Cite This Work
To export a reference to this article please select a referencing stye below:
APA
MLA
Harvard
OSCOLA
Vancouver
My Assignment Help. (2021). Asset Management. Retrieved from https://myassignmenthelp.com/free-samples/eng708-asset-management/the-asset-handover-techniques.html.
“Asset Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/eng708-asset-management/the-asset-handover-techniques.html.
My Assignment Help (2021) Asset Management [Online]. Available from: https://myassignmenthelp.com/free-samples/eng708-asset-management/the-asset-handover-techniques.html[Accessed 18 December 2021].
My Assignment Help. ‘Asset Management’ (My Assignment Help, 2021)
My Assignment Help. Asset Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/eng708-asset-management/the-asset-handover-techniques.html.
×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}
×
Thank you for your interest
The respective sample has been mail to your register email id
×
CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.
Account created successfully!
We have sent login details on your registered email.
User:
Password:
With time, MyAssignmenthelp.com has become one of the best college essay writing services. Our all rounded services give students the confidence to overcome assignment related issues. Our services are fast enough to meet most urgent deadlines. We are capable of delivering fast essay writing services with the help of our specially designed provisions and writers’ teams. Our urgent essay help services guarantee most rapid delivery of assignment solutions. Some of our most popular essay services are application essay help, exploratory essay help, literary review essay help and argumentative essay help.
Latest Management Samples
div#loaddata .card img {max-width: 100%;
}
MPM755 Building Success In Commerce
Download :
0 | Pages :
9
Course Code: MPM755
University: Deakin University
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More
SNM660 Evidence Based Practice
Download :
0 | Pages :
8
Course Code: SNM660
University: The University Of Sheffield
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: United Kingdom
Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration
BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20
Course Code: BSBHRM513
University: Tafe NSW
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More
MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5
Course Code: MKT2031
University: University Of Northampton
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: United Kingdom
Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration
MN506 System Management
Download :
0 | Pages :
7
Course Code: MN506
University: Melbourne Institute Of Technology
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Australia
Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology
Next