FIXED ASSET ACCOUNTING AND MANAGEMENT …

FIXED ASSET ACCOUNTING AND MANAGEMENT procedures MANUAL Table of Contents REVISED December 2005 i Section 1 Organizational Responsibilities .. 1 1 Purpose .. 1 2 1 3 Scope .. 1 4 Responsibilities .. 1 5 Acquisitions .. 2 6 3 7 Retirements and Disposals .. 4 8 ASSET Inventory .. 4 9 Annual Financial Reporting .. 4 10 Records Maintenance .. 4 11 Definitions .. 5 Section 2 ASSET Valuation .. 7 1 Purpose .. 7 2 Scope .. 7 3 Guidelines .. 7 4 Valuation Terms .. 10 5 Valuation of Land .. 11 6 Valuation of Buildings .. 14 7 Valuation of Improvements Other than Buildings .. 16 8 Valuation of Machinery and Equipment (Including Vehicles) .. 17 9 Valuation of Construction Projects in Progress .. 18 10 Self-Constructed Assets .. 19 11 Multiple-Unit Acquisitions .. 19 12 Make-Ready Costs .. 20 13 Multiple Funding Sources .. 21 14 Recording Valuation Information in the FAMS.

MANAGEMENT PROCEDURES MANUAL . SECTION 1 Organizational Responsibilities . REVISION 3 February 4, 2004 2 . 4.2 Director of Finance & Administration • Establishes a fixed asset management program within Finance & Administration (F&A) to coordinate the development and dissemination of fixed asset policies and procedures

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  Management, Policies, Procedures, Policies and procedures, Management procedure

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