an asset. The financial reporting elements of tracking often relate to accounting procedures and valuation needs but may or may not relate to location information. Asset location tracking software often takes one of two approaches to monitoring asset locations. The first approach is to use a physical tracking device to provide data on physical location. This can take the form of a Bluetooth tracking beacon or a GPS tracking unit. The second approach is to track a location by the "responsible party". In this approach the software uses peer to peer assign and accept procedures to allow individuals to accept responsibility for assets. The asset location is then inferred based upon the person who has accepted responsibility. See also Asset Computerized maintenance management system Fixed asset register (FAR) Infrastructure asset management Radio-frequency identification (RFID tags are used for automatic asset management) External links Towards better management of public sector assets Democratising Data Privacy Management accounting Fixed asset