|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 firstname.lastname@example.org for questions.