Fixed Assets Research Paper
OVERVIEW:
The report documentation necessary to perform the following activities as required pursuant to Board Policy:
(1) Conducting your Annual Fixed Asset Inventory for your campus
(2) Reviewing your prior fiscal year lost or stolen final disposition.
The yearly inventory procedure has been changed to make the process more manageable and place a greater emphasis on high-value assets. Unlike prior years, fixed assets are not requiring schools to report on every asset. At this time, schools are only required to account for all Capital assets and Information technology (IT) assets. Fixed Asset Inventory Audit will not include any non-IT assets less than $5,000.
COMMUNICATION AND SUPPORT CHANGE:
In an attempt to better serve your campus,
The report documentation necessary to perform the following activities as required pursuant to Board Policy:
(1) Conducting your Annual Fixed Asset Inventory for your campus
(2) Reviewing your prior fiscal year lost or stolen final disposition.
The yearly inventory procedure has been changed to make the process more manageable and place a greater emphasis on high-value assets. Unlike prior years, fixed assets are not requiring schools to report on every asset. At this time, schools are only required to account for all Capital assets and Information technology (IT) assets. Fixed Asset Inventory Audit will not include any non-IT assets less than $5,000.
COMMUNICATION AND SUPPORT CHANGE:
In an attempt to better serve your campus,