1.3 Who will benefit from the Guide

Practical guidance to Chief Finance Officers to implement a better practice strategic asset management framework

The Guide is primarily intended for Chief Finance Officers, and accounting and asset management staff in Australian Government entities. It aims to consolidate existing guidance and to provide further practical guidance on the strategic asset management framework processes associated with asset management and accounting.

For executive and senior management, the Guide provides advice on how entities may incorporate, where appropriate, asset management into their strategic and operational business plans as well as providing advice on the capital investment decision.

For financial accounting staff, the Guide also discusses the life-cycle costs and accounting treatment associated with the planning, acquisition, operations, maintenance and disposal of assets.