1.	Responsible for the implementation, conversion, and maintenance of the Fixed Asset System to provide for an accurate and up-to-date Fixed Asset Accounting facility that reflects all University’s assets.
2.	Responsible for training functional and end users in the utilization of the Fixed Asset System with regard to the processing of data, asset inquiry, and report writing.
3.	Responsible for formulating accounting policies and procedures in compliance with generally accepted accounting principles.
4.	Responsible for providing guidelines for fixed assets criteria and reviewing accuracy of fixed asset capitalization.
5.	Responsible for reconciling fixed assets system transactions to general ledger.
6.	Responsible for ensuring the completion of annual asset verification by departments and the completion of physical inventory of all assets on a periodic cycle.
7.	Responsible for fixed asset records maintenance, including addition, adjustment, deletion, and transfer.
8.	Responsible for processing depreciation calculation and verifying depreciation schedules.
9.	Responsible for coordinating with system developer in troubles shooting and technical matter resolutions.
10.	Responsible for coordinating with auditors in fixed asset accounting and auditing. Fixed Assets Accounting Procedure Banner Fixed Asset Procedures

back