Review and Adjust Monthly Additions Listing

Introduction Verify Departmental Equipment List Review and Adjust Quarterly Additions Listing Ensure Adequate Asset Stewardship Process Controls

Departmental Administrators are sent a quarterly report from the Fixed Asset Accountant of all equipment asset transactions showing on Oracle Financials.

First, use the Departmental and Equipment Listing Form to verify that the transactions included in the report are equipment additions and not, for example, maintenance contract payments that have been miscoded. Then indicate which items have been added correctly to the Departmental Equipment Listing, which is a comprehensive list of all equipment assets with a value of £10,000 or more.

 Full details of how to fill in the form and what to include are given in steps 1-11 of the Complete the Departmnetal Equipment Listing support document.

This should be done promptly so that the Fixed Asset Accountant can amend the Fixed Asset Register and close the Oracle period for the Fixed Assets module on time.