Verify Departmental Equipment List
Each quarter, after the Fixed Asset Accountant has updated the Departmental Equipment List with adjustments, Departmental Administrators will receive the latest version of the list, which should show all assets currently owned by the department including any adjustments.
Departmental Administrators need to check that any additions, disposals, thefts or reassignments of assets are included and report any amendments using the Asset Disposal/Amendemnt/Impairment Form.
For details of how to carry out this verification exercise, refer to steps 12-14 of the Complete the Departmental Equipment Listing support document.