Institutions are required to maintain the University’s Fixed Asset Register. This requires that institutions tick the Track as Asset box in CUFS, either at requisition, purchase order or invoices stage for any Fixed Asset purchases.
Fixed Assets checklist
- Check fixed assets are secure, maintained and verified (ongoing).
- Review all large (>£5,000) purchases within the month and confirm they have been correctly tracked.
- Check any new additions acquired during the month are accurately reflected in the Asset Additions report .
- Ensure the Fixed Asset Helpdesk has been notified of any fixed asset disposal during the month.
- Review and confirm that Institution Fixed Asset Report is accurate.
Latest version 21 December 2024