Abstract
Asset management is a requirement in every organization. This chapter reviews a number of the best accounting systems such as that should be adopted in order for organizations to reap sustainable benefits. To name but a few, Sustainable Asset Accounting System (SAAS) and Triple-Bottom-Line accounting system. Why understanding these accounting systems, as opposed to the traditional financial accounting systems, is an essential pre-condition to achieving sustainability. SAAS tracks the following categories of revenue accounts which are mission services, energy sources, ecosystem service, transportation, and lease/rent. The facts that these systems are applicable to any private or public sector installation are outlined. The steps required by SAAS in order to bring sustainable benefits, assessing assets and inventory identify problems and opportunities, analyzing options, and taking actions and concluding remarks that overcoming prevailing bottlenecks, understanding, and measuring the interactions between the economic and the social environmental remains the key challenges are given.
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