| Activity: | Physical Inventory |
| Policy: | Capital Movable Asset Physical Inventories, Tagging and Location Changes, FIN-ACC-170 CSOP, 4.0 Physical Inventories |
| Forms: | Physical Inventory Certification |
| Things To Know: | Indiana University policy requires all organizations with capital equipment to conduct a physical inventory once every two years. A physical inventory is the process of physically verifying that capital equipment exists and providing proof of that existence by scanning a yellow Indiana University barcode tag affixed to the equipment. Inventory Procedures contains: - Best Practices offering guidance and suggestions on how to begin physical inventory scheduling, its preparation, processes and post-inventory tips. - FAQs offers information on how to get inventory tags, troubleshooting, etc. - A pdf document with scanner Instructions. Capital Movable Asset Physical Inventories, Tagging and Location Changes, FIN-ACC-170 is the main IU policy that requires departments to execute the physical inventory task for movable-class equipment and the importance to secure University assests while complying with federal guidelines. CSOP 4.0 Physical Inventories contains a more thorough explanation on the actual inventory process. Visit FMS Capital Assets Management, the office in charge of inventory management of IU’s capital assets. Please send an email to capasset@iu.edu for questions. |
