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.
Applies To
The College at Wise
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 and Chief Financial Officer