FIN-013
The University has established internal controls for the transfer of equipment assets to and from the University to properly record/retire equipment assets in the financial accounting system and adequately insure equipment inventory. In addition, controls over equipment assets serve to avoid any potential adverse impact upon negotiated Federal Facilities & Administrative (F&A) rates and safeguard sponsor awards.
Functional Area
Applies To
Academic Division
The College at Wise
Approved On
Contact Office
Business Assets & Cost Recovery (Office of)
Keywords
Transfer Equipment Assets
Sponsored Program
surplus property
research equipment
transfer equipment
Last Revised
Major Category
Finance and Business Operations
Oversight Executive
Vice President for Finance