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General Accounting: Difference between revisions
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Equipment acquisitions will be recorded in accordance with the [https://nebraska.edu/-/media/unca/docs/offices-and-policies/policies/policies/capitalization-policy.pdf University of Nebraska Board of Regents Capitalization Policy], OMB Uniform Guidance and generally accepted accounting practices. The assignment of estimated years of life for equipment will be based on both [www.irs.gov IRS] and [www.aha.org American Hospital Association] guidelines. | Equipment acquisitions will be recorded in accordance with the [https://nebraska.edu/-/media/unca/docs/offices-and-policies/policies/policies/capitalization-policy.pdf University of Nebraska Board of Regents Capitalization Policy], OMB Uniform Guidance and generally accepted accounting practices. The assignment of estimated years of life for equipment will be based on both [www.irs.gov IRS] and [www.aha.org American Hospital Association] guidelines. | ||
== Control of Capital Assets == | == Control of Capital Assets == | ||
All equipment traded in, transferred, housed off UNMC grounds, disposed, or sold will be coordinated through General Accounting and General Supply. | All equipment traded in, transferred, housed off UNMC grounds, disposed, or sold will be coordinated through [http://info.unmc.edu/management/finance/general-accounting/ General Accounting] and [https://info.unmc.edu/procurement/general-supply/index.html General Supply]. | ||
Department managers are responsible for coordinating capital asset activity. Equipment belonging to UNMC must be properly secured within UNMC campus, and physically inventoried every two years. It is against UNMC policy for any such equipment or property to be used by employees for their personal use, or be located in their residences without proper authorizing documentation. | Department managers are responsible for coordinating capital asset activity. Equipment belonging to UNMC must be properly secured within UNMC campus, and physically inventoried every two years. It is against UNMC policy for any such equipment or property to be used by employees for their personal use, or be located in their residences without proper authorizing documentation. | ||