Decision-making in the domain of capital asset acquisition planning reflects the hierarchical

structures of tax and financial accounting regulations. As a result, classification problem solving

offers a natural approach for selecting an appropriate acquisition type based on a firm's current

status and goals. The Internal Revenue Service (IRS) delineates a hierarchy of transaction types in

order to determine the correct tax treatment for each acquisition [11], and the Financial Accounting

Standards Board (FASB) has created its own classifications to insure that a firm's financial reports

represent its standing as fairly as possible [1,13]. To a lesser extent, the corresponding tax

regulations and financial accounting standards impose a natural ordering on the process of selecting

one transaction type from among a set of alternative types. These hierarchies can be viewed from

two different perspectives. The IRS and the FASB use their own structures to classify completed

transactions for the purpose of insuring regulatory compliance by the parties involved. The parties

themselves potential buyers and lessees, potential sellers and lessors attempt to achieve the most

favorable tax and reporting effects by using a composite hierarchy, assembled using compiled

knowledge, to choose a transaction type having the desired characteristics..

 

Capital Asset Management Review Team

The capital asset management review team provides assurance that VA’s capital asset management processes and methodologies for effectively managing assets provide a safe and appropriate environment for the delivery of cost-effective benefits to veterans.  The team also provides assurance that the Department manages its assets to maximize resources, safeguard assets, and fully explore investment opportunities.  The team concentrates on reviewing the effectiveness of the lifecycle management of capital assets in achieving VA’s capital portfolio goals.  Accordingly, the team reviews the progression of assets through their lifecycle from formulation to disposal.  To this end, the team reviews compliance with department, administration, and local policies and procedures designed to achieve efficient and effective capital asset management.  Additionally, the team reviews the integrity of data used to report its progress in meeting VA portfolio goals and Federal Real Property Council metrics