Canadian Solution

PSAB 3150 For Tangible Capital Assets

User friendly design results in quick start up time with very little training required

Self guided approach/framework for meeting the PS3150 requirements, accounting for tangible capital assets

Minimize the time required to enter data and reduce data entry errors with preset sample drop lists to categorize data in a consistent fashion

Supports a wide variety of capital assets such as land, buildings, roads, water, sewer and other utility systems, bridges, vehicles and equipment, furniture and fixtures

Define and customize category data including asset classification, asset type, division, equipment type, location type, surface type, etc.

Account for assets using either the single asset approach or the more detailed component basis

Quickly set up linear assets such as roads and streets at a “master” level and break down to a more detailed level using the Asset Segmentation feature

Assign and locate applicable asset features such as signs, culverts, bridges, curbs and gutters, sidewalks, etc.

Supports up to 20 user definable fields for feature descriptions such as dimensions, capacity, year built, restrictions, building construction details, etc.

Calculate original costs using the Asset Deflation Calculator to determine the original cost based on average inflation, age of the asset and current cost to build or replace the asset

Generate management reports such as asset listing, depreciation reports, condition rating reports and more

Inventory vehicles and equipment, equipment type, vehicle ID, license number, original cost, useful life, replacement cost, scrap values, etc.

Comply with PSAB management and reporting requirements

Convenient migration path to full featured activity based cost accounting and management reporting and/or service requests and fleet management