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Accounting Policies & Procedures Manual
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Weight: 6 pounds
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Procedures Manual Sections:
Fixed Assets Control Policy Procedure
The Fixed Assets Control Policy Procedure is available in the Accounting Policies and Procedures manual.
The Fixed Assets Control Policy Procedure outlines methods for acquiring, disposing and maintaining control of fixed assets to provide reporting assistance and ensure proper internal controls. This fixed assets control policy applies to all capital equipment with a value of $500 or more and with a useful life greater than one year. It includes the responsibilities of department managers and accounting personnel. (10 pages, 1280 words)
Activities Covered in the Fixed Assets Control Policy Procedure
- Acquisitions
- Dispositions
- Asset Records
Forms Included in the Fixed Assets Control Policy Procedure
- Capital Asset Requisition Form
- Asset Disposition Form
- Bill of Sale Form
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