| Description |
xiii, 50 pages ; 25 cm |
| Series |
Report ; 363 |
|
Australia. Parliament. Joint Committee of Public Accounts and Audit.
Report ; 363
|
|
Parliamentary paper (Australia. Parliament) ; 1998, no. 141
|
| Contents |
1. Introduction -- 2. The new framework -- Introduction -- Accrual based management framework -- Financial Management and Accountability Act 1997 -- Accrual reporting -- Accrual budgeting -- Impact of the new framework -- Integration with other management processes -- Assessment of alternatives to asset ownership -- Fully costed outputs and outcomes -- Full life-cycle costing -- correct on-going valuation of assets -- Appropriate depreciation regimes -- Facilitating change in Commonwealth Asset management -- Central guidance to agencies -- The Committee's conclusion -- Best practice models -- 3. The management of assets -- Introduction -- The performance of agencies in managing assets -- Audit report no. 41, 1997-98 Asset management , The Committee's conclusion -- Towards better asset management -- Introduction -- Beyond accrual accounting and reporting -- A more strategic approach to asset management -- The Committee's conclusion -- 4. The potential for greater efficiencies -- Introduction -- Acquisition of assets -- Ownership of assets -- Recognising the cost of capital -- A capital use charge -- The Committee's conclusion -- Operation of assets -- Monitoring information technology equipment -- Internal charging arrangements -- The Committee's conclusion -- Asset disposal -- Potential savings from improved asset management -- Appendices |
| Summary |
Recommendations: (1) The Department of Finance and Administration and the Australian National Audit Office should jointly convene an Asset Management Forum The Forum should comprise interested Commonwealth agencies and should meet regularly, provided the need exists, to exchange information on asset management issues; (2) Measurement of the performance of the senior management, including Chief Executive Officers, of Commonwealth agencies should include reference to how efficiently and effectively assets under their control are managed; and (3) The annual reporting guidelines for Commonwealth agencies should be amended to require agencies to provide information indicating how efficiently and effectively agency-controlled assets have been managed |
| Analysis |
Accrual accounting |
|
Asset management |
|
Assets |
|
Federal issue |
|
Financial management |
|
Government agencies |
| Notes |
"15976 Cat. No. 98 3202 0" -- Back cover |
|
"July 1998" |
| Bibliography |
Includes bibliographical references |
| Notes |
Also published as a Parliamentary paper (Australia. Parliament); 141/1998 |
|
Commonwealth of Australia 1998 |
| Subject |
Assets (Accounting)
|
|
Finance, Public -- Australia -- Management.
|
|
Government property -- Australia -- Management.
|
|
Public administration -- Australia.
|
| Author |
Charles, Bob (Robert Edwin)
|
| ISSN |
0727-4181 |
| ISBN |
0642374325 |
|
