Fixed assets I

Definition of fixed assets under commercial and tax law

• Delimitation of fixed assets from current assets.
• What can be activated?
• Independent assets.
• Composition of acquisition and production costs according to commercial and tax law.
• Accounting requirements, prohibitions and options.
• Acquisition-related expenses, subsequent production costs.
• Who can activate?
• Start of depreciation and permitted types of depreciation.
• Determining the useful life or depreciation period in commercial and tax law.
• Depreciable and non-depreciable fixed assets.
• Reversal of impairment losses.

Intangible assets

• Principles for the recognition and accounting of intangible assets such as licenses and software.
• Differentiation between acquisition/production costs and maintenance costs.

Property, plant and equipment

• Scope of property, plant and equipment, including differentiation between acquisition/production costs and maintenance costs.
• Movable and immovable property, plant and equipment.
• Production costs of a building, land costs.
• Differentiation between building components and technical installations, operating equipment.
• Own work capitalized, machinery, vehicles, etc.
• Low-value assets and assets (immediate depreciation under commercial and tax law) and pool depreciation in the commercial and tax balance sheets.
• Activation of fixtures.
• Subsequent acquisition and production costs.
•  
• Financial assets

• Composition of financial assets, including shares in affiliated companies, loans, securities.

Statement of changes in fixed assets

• Practical tools for setting up and fine-tuning the investment strategy.