{1}
##LOC[OK]##
Business & Finance
About
Applications
Forms
News
Policies and Procedures
Who to Ask
Accounting & Budgeting
Accounting & Financial Reporting
Budget
Financial Controls & Security
Rate Schedules & Development
Service and Storeroom Centers
Sponsored Programs
Buying & Contracts
Procurement Laws & Regulations
Finding Goods and Services
Procurement Methods
Paying for Goods and Services
Contracts
Diverse Spend Dashboard
Paying People
Payroll & Benefits
Reimbursements
Cash Advances
Payments to Foreign Nationals
Payments to Non-Employees
Payments to Students
Travel
Headquarters and Travel Status
Planning and Booking
International Travel
Travel Payments and Reimbursements
Business Travel Glossary
Equipment Management
Equipment Overview
Equipment Acquisitions
Maintaining Equipment Records
Biennial Inventory
Surplus, Transfers, and Disposals
Equipment Management Glossary
Payments to the University
Department Receivables
Accepting Card Payments
Cash Handling
Policies & Procedures
Business & Finance
»
Policies & Procedures
»
12 Property Accounting
Skip Sidebar Navigation
Policies & Procedures
12 Property Accounting
Responsibilities
Definitions
Keeping Property Accounting Records
FAQs
12.1.1 Obtain Access to FABweb/Biennial Inventory Application
12.1.2 Classify Equipment and Property
12.1.3 Equipment Trade-Ins and Limitations
12.1.4 Determine the Value of Equipment or Property
12.1.5 Enter Account Codes when Purchasing Equipment
12.1.6 Process a New Acquisition in FABweb
12.1.7 Affix Property Labels
12.1.8 Identify Donated, Found, and Other Non-Cash Addition Equipment
12.1.9 Add Donated, Found, and Other Non-Cash Addition Equipment to Banner
12.1.10 Determine Capitalization Thresholds
12.1.11 Report New Software Over $250,000
Importance of Accurate Equipment Coding
12.2.1 Complete a Biennial Inventory
12.2.2 Unit FABweb and Biennial Roles
12.2.3 Comply with Unit Head Property Custodial Responsibilities
12.2.4 Maintain Entity Codes for Self-Supporting Activities
12.2.5 Update an Existing Asset in FABweb
12.2.6 Keep Property Secure
12.2.7 Assess an Employee for Missing or Damaged Equipment
Equipment Audits
Avoiding Property Accounting Problems
12.3.1 Transfer Equipment to Another Unit
12.3.2 Process an "Internal Sale" of Equipment to Another Unit
12.3.3 Loan Equipment to Another Unit
12.3.4 Permanently Transfer Equipment with Researcher
12.3.5 Other Permanent Equipment Transfer Situations
12.3.6 Loan Equipment to Another Institution
12.3.7 Equipment Loans to Faculty, Staff, or Students
12.4.1 Remove Stolen Equipment from Inventory
12.4.2 Remove Destroyed Equipment from Inventory
12.4.3 Dispose of Unneeded Equipment
12.4.4 Disposal of Firearms
12.4.5 Render Data Unrecoverable on Electronic Devices Prior to Transfer or Disposal
12.4.6 Process Unlocatable Equipment
12.4.7 Dispose of Equipment with a Nominal Value
12.5.1 Enter into Leases or Licenses for Real Property
12.5.2 Expensed Lease or Housing Stipend for a Non-University Owned Residence or Apartment
Management of Residences Occupied by Non-Employees
Management of Residences Occupied by Employees
Last item for navigation
12 Property Accounting
12.1 Process New Acquisitions
12.1.1 Obtain Access to FABweb/Biennial Inventory Application
12.1.2 Classify Equipment and Property
12.1.3 Equipment Trade-Ins and Limitations
12.1.4 Determine the Value of Equipment or Property
12.1.5 Enter Account Codes when Purchasing Equipment
12.1.6 Process a New Acquisition in FABweb
12.1.7 Affix Property Labels
12.1.8 Identify Donated, Found, and Other Non-Cash Addition Equipment
12.1.9 Add Donated, Found, and Other Non-Cash Addition Equipment to FABweb
12.1.10 Determine Capitalization Thresholds
12.1.11 Report New Software Over $250,000
Additional Resources for 12.1
Importance of Accurate Equipment Coding
12.2 Maintain Equipment Records
12.2.1 Complete a Biennial Inventory
12.2.2 Unit FABweb and Biennial Roles and Responsibilities
12.2.3 Comply with Unit Head Property Custodial Responsibilities
12.2.4 Maintain Entity Codes for Self-Supporting Activities
12.2.5 Update an Existing Asset in FABweb
12.2.6 Keep Property Secure
12.2.7 Assess an Employee for Missing or Damaged Equipment
Additional Resources for 12.2
Equipment Audits
Avoiding Property Accounting Problems
12.3 Transfers and Loans
12.3.1 Transfer Equipment to Another Unit
12.3.2 Process an "Internal Sale" of Equipment to Another Unit
12.3.3 Loan Equipment to Another Unit
12.3.4 Permanently Transfer Equipment with Researcher
12.3.5 Other Permanent Equipment Transfer Situations
12.3.6 Loan Equipment to Another Institution
12.3.7 Equipment Loans to Faculty, Staff, or Students
12.4 Disposals
12.4.1 Remove Stolen Equipment from Inventory
12.4.2 Remove Destroyed Equipment from Inventory
12.4.3 Dispose of Unneeded Equipment
12.4.4 Disposal of Firearms
12.4.5 Remove Data from Electronic Devices
12.4.6 Process Unlocatable Equipment
12.4.7 Dispose of Equipment with a Nominal Value
12.5 Real Property Leases
12.5.1 Enter into Leases or Licenses for Real Property
12.5.2 Expensed Lease or Housing Stipend for a Non-University Owned Residence or Apartment
Additional Resources for 12.5
Management of Residences Occupied by Non-Employees
Management of Residences Occupied by Employees
↑