Accounting methods of Asset Management Essay Example | Topics and Well Written Essays - 500 words

Accounting methods of Asset Management - Essay Example2. The are many shipway the long term assets can be presented in the balance sheet per reference to AASB 1010 and AASB 1041. AASB 38 has lately been replaced by AASB 1041. AASB 1010 and AASB 1041 speaks of new ways of presenting the long term assets like buildings, equipment, plant, etc. customaryly with concentration on presenting them using the fair value1. Comparison of the various benchmarking methods is enumerated below4) Revalued at Replacement Cost - Buying a new item to replace damaged or outmoded equipments etc. Due to the continuous leap out of inflationary goods and services, replacement cost has a higher probability of going up.3. There are former(a) parameters for generating value added when what is being benchmarked is not in goods production but involved actively in the regimen health department, service company, local council, etc.For local government health departments and councils , prompt delivery of healt h programs and services, without the usual redundant application forms, is highly recommended. Doctors track patients and refer them to specialists, when needed. Most sponsors and charitable organizations will donate medicines and opposite related health and economic needs to poor patients. Doctors may share patients information with other health workers so there is lesser medical history interview time resulting in public health being handled faster.