The Role Of Asset Management Policy And Procedures Guide Of The Mai Wel Group

Samuelson believes that the assets definition should concentrate upon property rights that are concerned with wealth, which provides a true balance sheet orientation, rather than being concerned with revenue generation, Samuelson’s definition may lead to an exit value orientation for assets. One of the key points about the property rights approach lies in exchangeability of the asset. Samuelson’s viewpoint would result in certain deferred charges being expensed immediately even though their incurrence may bring about future economic benefits.

Fixed assets are assets that will be held or used over a period longer than one year. Companies typically have land, equipment, and buildings as their fixed assets. The account is usually called property, plant, and equipment or PP&E.

Policies are documents within the work place put together, influenced by law, by the manager. The policy will be designed around an area of practice that needs to be evidenced as being in line with law. The document gives a list of procedures for carrying out the task required,

* An organisation’s policies and procedures enable staff to work in line with best practice and the law (legislation).

Valuing People (Department of Health 2001) it was introduced by the labour government who were keen to promote independent living. This white paper on learning disabilities was for the first in England in 30 years. It made direct payments available to more people with a learning disability and was the first paper where we officially come across the term ‘Person Centred Planning’. It stresses the importance of Personal Centred Planning in helping people with learning difficulties take charge of their own lives. This paper has been ‘refreshed’ in 2009 titling it Value People Now and is a new three year strategy for people with learning disabilities, and will lead to better lives for people.

These are new groups that bring people from different organisations and from the wider community together. Their job is to work to put Valuing People into action locally. People with learning disabilities and carers will be members of the Board.

Assets are to be recorded and valued based of the type of asset there are.

The Australian Securities & Investments Commission 's (ASIC) Financial Reporting Surveillance Program was purpose to improve the quality of financial reporting by reviewing the annual financial reports of two listed companies whether or not compliance with the Corporations Act and Australian Accounting Standards. Martha Miller who is the Head of the Financial Reporting Surveillance Program just intended to analyze intangible assets and related disclosures. Thus, comparing the disclosures for the intangible assets of CSL and Acrux,

 What is the plan to maximize asset and increase asset turnover, which decreased from 2005 to 2008

The current assets are those which are readily convertible into cash and cash equivalents due to their highly liquid nature and also form part of working capital of the company’s operations. However, the long term assets in contrast are not liquid because since they have a useful life of more than a year and hence their full value cannot be easily realized within

10. Fixed asset turnover = Total Revenues in Statement of Operations / Net Property and

One of these is with regards to goodwill and intangible assets with identifiable useful lives.

Assets driven strategies focus on lengthening the maturity profile of the assets by deploying loanable funds available in long-term assets such as leasing and hire purchase .

Aberdeen Asset Management plc (for the purpose of this report I will refer to the company as Aberdeen) is an international investment management group that manages assets for third parties; institutions and individuals (p.2, MarketLine Company Profile, 2015). Aberdeen is an extremely large firm and results from the last financial year showed net revenue of £1,117.6m and a pre-tax profit of £324.4m (p.1, Final Results 2014, AAM Plc). The group employs over 2,600 members of staff, in 33 offices across 25 different countries around the world, with its headquarters based in Aberdeen, Scotland (p.4, MarketLine Company Profile, 2015). The company has seen rapid growth since it was founded in 1983 through acquisitions and internal growth. In 1991 it began floating on the London Stock Exchange under the name Aberdeen Trust PLC (p.5, MarketLine Company Profile, 2014). Fig. 2 shows how the success of the company is reflected in its increasing share price since floatation, earning it a place in the coveted FTSE 100 Index in 2012 (Our History, aberdeen_asset.co.uk). The firm is authorised and regulated by the Financial Conduct Authority (FSA) in the United Kingdom jurisdiction. Aberdeen is a public limited company (plc) which means it has limited liability and its shares may be freely sold and traded by the public, Fig 2 shows the fluctuation of the share price in recent years. The current market capitalisation of Aberdeen, which is calculated

1.0 INTRODUCTION Asset management is a concept that companies use to ascertain the value of their assets. It provides a quick measure of the worthiness of the organization and so becomes easier for organizations to prepare their final accounts as they are able to quickly estimate the value of their assets. Well managed organizations are required to perform regular fixed asset audits. Tracking and managing corporate assets and equipment is a challenge to most organizations especially when there is a large volume of assets or when those assets move frequently between departments or multiple branches. However in today‟s regulatory environment, it has become more important than ever for companies to