Safeguard Fixed Assets
Activites:
- Properly safeguard fixed assets by creating a secure environment
- Prevent unauthorized acquisition
- Oversee physical inventory procedures
- Follow University fixed asset disposition procedures
- Timely submission of property loss notice
- Timely submission of Asset Activity Transmittal forms to the Property Office to identify asset located changes
- Tag capitalized equipment appropriately
Timing: As needed
Contacts:
- Property Office
- Cost Accounting Department within General Accounting
- Risk Management
Resources:
- Fiscal Operations website - Property Management link at http://fisops.wayne.edu/accounting/property/index.php
- Administrative Policies & Procedures Manual (APPM) at http://fisopsprocs.wayne.edu/appm/, Section 6, Equipment Management
Templates: Property management forms at http://fisops.wayne.edu/accounting/property/forms.php