Millersville University -- Acounting Office: BANNER FINANCE & BUDGET SYSTEM

Accounting Policies and Procedures Manual

J. FIXED ASSETS
	- 1. Overview
	- 2. Property Acquisitions
	- 3. Capitalization Policy

		- a. Criteria
		- b. Classification of Fixed Assets and Useful Lives
	- 4. Types of Fixed Assets

		- a. Personal Property
		- b. Real Property
		- c. Capital Leases
	- 5. Departmental Responsibility

		- a. Custodian Department
		- b. Purchasing Office
		- c. Receiving/inventory Control Department
		- d. Accounting Office
	- 6. Automated Fixed Assets System

		- a. Interfaces
		- b. Approving Assets
		- c. Disposals
		- d. Transfers
		- e. Adjustments
		- f. Reconciliation
	- 7. Physical Inventory of Equipment
	- 8. Depreciation Policy
	- 9. Class Table Display
	- 10. Campus Buildings
	- 11. Focus Request Examples
	- 12. Fixed Asset Accounting in Banner Fixed Asset System (PDF)