Apr 13
capital asset management
Conduct Inventory
Annual campuswide physical inventories are coordinated by CAM.
Transfer Assets
Transfer assets to another unit or to the MSU Surplus Store.
Retire Assets
Retire lost, destroyed, cannabalized, or transferred equipment.
News
Apr 06
FY21 Year-end June 30
The year-end of fiscal year 2021 is quickly approaching! A complete list of FYE accounting procedures—including Purchasing, Capital Asset Management, Accounts Payable, and more—is available on the MSU Office of the Controller website.FAQS
- It’s my year to conduct inventory. What are the options? You can either submit equipment inventory using the Annual Asset Reporting Template or check out a barcode scanner from CAM. Physical inventory instructions are available on our website.
- What is the definition of capital equipment?
At MSU, capital equipment is defined as:
•non-expendable, tangible personal property with an acquisition cost of $5,000 or more per unit
•has a useful life of more than one year, and
•has the capacity to function as a stand-alone unit without the assistance of another unit
- How do I know if it’s my year to do my department’s annual inventory?The actual physical inventory process is conducted for MSU departments on an alternating year basis by CAM. Notification letters will be send to departments if it’s your year to conduct the inventory.