University of Limerick Accounts Department

University of Limerick, Limerick, Ireland

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Management of Fixed Assets - Staff

Fixed Assets Forms and Documents

The university is required by the Comptroller and Auditor General to maintain an Asset Register of all acquisitions of office furniture, office equipment, computer equipment and all other equipment costing over €1,000 and to physically account for the existence of these assets.

Each Head of Department is required annually to:

Confirm that the list of Assets held in respect of his/her department is complete.
Confirm that the listed assets can be physically accounted for and are located in the relevant department.
Provide equipment serial numbers where applicable.
Identify items not already tagged with the appropriate asset register number so that register number tags may be attached.
Facilitate the physical inspection by a representative of the Accounts Department, of all listed assets and equipment held by his/her department.
Supply details of any assets listed on the register that have been sold, scrapped, or transferred to another department or location in the University.

The appropriate form should be completed and signed by the Head of Department to ensure the Accounts Dept. is updated for any asset disposals or transfers.

Contact Person: Maria O'Connor ext. 3050

Last modified: November 13 2008 13:39:34.