Pathways for implementing an asset information framework for the valuation and management of fixed assets

Implementation of accrual-based accounting systems and the related preparation of an initial balance sheet are stimulating a debate on valua- tion and management of fixed assets, emphasising how critical it is to have adequate asset information. This chapter aims to propose a framework to clarify the relationship between the asset inventory and the asset reg- ister by examining the objectives and characteristics of asset information systems, drawing from experience regarding the implementation of asset inventories and registers from four countries (Malaysia, South Africa, Switzerland, and Australia – State of Victoria).