Faculty of business department of accounting an assessment of fixed asset managementin the

CHAPTER TWO; REVIEW OF RELATED LITERATURES
2.1 Fixed Capital...................................................................................................................6
2.2 Objective of Internal Control System............................................................................. 7
2.3 Types of Internal control ............................................................................................... 8
2.4 Functions of Internal Control.........................................................................................8
2.4.1 Preventive Controls .....................................................................................................8
2.4.2 Detective Control ........................................................................................................8
2.4.3 Corrective Controls .....................................................................................................8
2.5 Nature of Plant Assets ....................................................................................................9
2.6 Accounting for Plant Assets .......................................................................................... 9
2.7 Cost of Plant Assets........................................................................................................ 10
2.8 Cost Subsequent Acquisition .........................................................................................11
2.9 Depreciation...................................................................................................................11
2.10 Estimate of Economic Life ......................................................................................... 12
2.10.1 Depreciation Methods Cost Allocation ...................................................................12
2.11 Capital Expenditure and Revenue Expenditure ...........................................................13
2.11.1 Capital Expenditure
13

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2.11.2 Revenue Expenditure
13
2.12 Management of Asset Disposal..................................................................................
2.12.1 Disposal Planning....................................................................................................
2.12.2 Methods of Disposal................................................................................................
2.13 Inventory Reduction .................................................................................................
2.14. The Inventory Decision Model .................................................................................
2.13. Secondary data Collection ........................................................................................