Fixed assets procedures manual

NUI, Galway Finanical Policy Procedures Manual – Fixed Assets cont. To ensure value for money in acquiring fixed assets and to maximise residual value in the disposal of same, where applicable 3. Authority and Responsibility The Governing Authority has overall responsibility for the custody, safekeeping. FIXED ASSETS PROCEDURES MANUAL. R2 Governing Board Approved October 13th, FIXED ASSETS ACQUISITION PROCESS Purpose: The fixed assets acquisition process is responsible for the proper recording and distributing of any fixed asset. Objective: The objective is to properly identify, tag, and transfer fixed asset items. FIXED ASSET ACCOUNTING AND MANAGEMENT PROCEDURES MANUAL. SECTION 5 Numbering and Tagging Fixed Assets. REVISION 3 February 4, Other Numbering Systems. Number schemes other than the above will not be assigned by a Department Fixed Asset Coordinator (DFAC) without prior approval and coordination of the numbering scheme.

FIXED ASSET ACCOUNTING AND MANAGEMENT PROCEDURES MANUAL SECTION 14 Physical Inventory REVISION 4 Janu Section 14 Physical Inventory 1 Purpose The purpose of this section is to establish procedures for conducting and reporting the periodic physical inventory of departmental fixed assets and to ensure the accuracy of departmental fixed asset records. 2 Scope. The list of accounting issues that need to be addressed in a fixed asset policies and procedures manual include: The organization’s working definition of a fixed asset. For example, an asset used in the production of goods and Threshold dollar limit for capitalizing versus expensing fixed assets. Fixed Asset Policy Procedures _____ © Asset Services 3 of 6 www.doorway.ru 1. Purpose The purpose of this manual is to set forth the regulations and procedures governing the control and reporting of capital and controlled assets. It is intended to assist personnel in implementing and maintaining an effective property control program.

Fixed Asset Register. 3. 3. Depreciation. 4. Appendix A Asset Disposal procedure. 5. Appendix B Checklist for Purchasing Procedure and Capitalisation. Fixed Assets Policies and Procedures. 2. Table of Contents of according to the procedures set forth in the State Accounting Procedures Manual. The purpose of this Policy and Procedures Manual is as follows: All capital assets and sensitive items as defined by the University are recorded in AMS.