Accounting and Reporting
Asset Management
Asset Management handles accounting and inventory for all USF owned fixed assets. A fixed asset is defined as a tangible asset, such as furniture, fixtures and equipment with a cost of $5,000 or more and a useful life of 1 year or more. Capitalization thresholds and responsibilities are set forth by the Florida SUS-Board of Governors.
Financial Accounting
Asset Management handles accounting and inventory for all USF owned fixed assets. A fixed asset is defined as a tangible asset, such as furniture, fixtures and equipment with a cost of $5,000 or more and a useful life of 1 year or more. Capitalization thresholds and responsibilities are set forth by the Florida SUS-Board of Govenors. This is defined at Florida BOG Capitalization Threshold.
Other Asset & Attractive Item Requests
Property Inventory
Additionally, the property inventory staff is responsible for the physical inventory of all university fixed assets. In order to facilitate this process, the university community has been divided into 13 inventory groups. The property office publishes a schedule of inventory of all groups. The staff also perform the task of identifying and tagging all new capitalized university equipment.
Transfer and Relief Request Documentation
These are the forms to initiate actions within the Asset Management process. To use this process, whether as a submitter or an approver, you must have the USF_INQUIRY security role. If you do not have the USF_INQUIRY role you will need to submit a security request. The FAST security request form is located on the University Controller's Website: About UCO > Forms > Access: FAST Security and Workflow.