Fixed assets sometimes represent the largest single investments for a business, so every business owner should take the time to develop fixed asset policies and procedures. Fixed asset policies should ...

Fixed assets are items used by businesses to help produce income and often have significant value. Fixed assets differ from other business expenses such as paper or ink because the items are used over ...

The article explains why physical verification is more than a compliance exercise, emphasizing the auditor's responsibility to evaluate management's verification process and ensure discrepancies are ...

Acquisition and Capitalization: All fixed asset purchases are to be made in accordance within the policies and procedures of the University and Research Institute Purchasing Offices. Approval of ...

Stephanie Trovato is an experienced journalist with a focus on tech and small business. She has written for national web publications like Hubspot, SmallBizClub, and Investopedia. You can find her at ...

Fixed assets are assets that are staples of your business, like property, equipment, and plants. These assets are tangible and depreciable, and typically last for longer than one year. Understanding ...

The fixed asset custodian plays a critical role in maintaining the accuracy of the University’s fixed asset records. The Office of the Comptroller relies on custodians to ensure that asset information ...

For fiscal year 2026 (FY26), the Fixed Asset Confirmation Tool has been updated and is available for use by asset custodians and organizational financial managers. The FY26 confirmation process is ...

The Fixed Assets Management staff manages all financial reporting of fixed assets, including equipment, land, buildings, infrastructure (sidewalks, exterior lighting, piers, and docks, etc.), ...