Economics and financing

Cover of Capitalisation of Infrastructure
Capitalisation of Infrastructure
  • Publication no: AP-116-94
  • ISBN: 0 85588 459 2
  • Published: 1 January 1994
Governments are moving away from the traditional cash accounting framework to adopting accrual accounting, the method of accounting used in the private sector. This will require the capitalisation of the road infrastructure, which is an area of considerable diversity of opinion. As a consequence, policies have been developed to facilitate the consistent reporting across road authorities of the value of the road infrastructure. In developing these policies, the National Financial Management Liaison Group consulted with the Australian Accounting Research Foundation, major accounting firms and Local Government associations.
  • AP-116/94 CAPITALISATION OF INFRASTRUCTURE
  • Table of Contents
  • 1. Purpose
  • 2. Background
  • 3. Policies
    • 3.1. Recognition of Infrastructure Assets
    • 3.2. Classification of Infrastructure Assets
    • 3.3. Valuation Policies
    • 3.4. Provision for Depreciation
    • 3.5. Revaluation of Infrastructure
    • 3.6. Accounting for Parliamentary Appropriations
  • 4. Statement of Underlying Rationale for Policies
    • 4.1. Recognition of Infrastructure Assets
    • 4.2. Classification of Infrastructure Assets
    • 4.3. Valuation Policies
    • 4.4. Provision for Depreciation
    • 4.5. Revaluation of Infrastructure
    • 4.6. Accounting for Parliamentary Appropriations