Capital Assets Management Overview
Course # 382
This course will provide participants with an overview of Capital Assets Management policies and procedures for the acquisition and on-going management of capital assets. Participants will learn about roles & responsibilities, specific business rules and processes, access to systems and available reporting tools.
- Capital Assets Management (CAM)
- What is the mission of the Capital Assets Management office and how do they serve campus?
- What is a capital asset?
- What information is required on purchased requisitions and why?
- What are encumbrances and how do I affect encumbrance balance?
- What is a change voucher and how is it submitted?
- What information must you provide on vouchers and why?
- What is the tagging process and why is it critical?
- What is your role in the process? What is the biennial inventory process, what is your role and why is it important?
- What is unique about the management of federal assets and who is involved? (CAM, Grant Accounting, departments)
- How do I handle unique situations related to capital assets (donated capital assets, transfers, trade-in’s, retirements, etc.)
- How do transactions appear on accounting reports?
- Where can I find the appropriate CAM forms?
- What reporting tools are available to me?
- What are the consequences of not following processes and policies?
Participants (audience course is designed for):
This is an elective course in the Business Processes Series. All staff & faculty who are involved in the acquisition or management of capital assets are encouraged to attend.