【正文】 reports Complete list for Inventory control Feedback on items held Items to be further investigated Identified corrections Verified FA register Authorised GL adjustments Compile accurate data for asset verification FA Conduct inventory check FA Highlight exceptions FA Track asset history and reconcile FA Update FA register amp。 reconcile FA Update FA register amp。s / disposals 13 PwC175 Fixed Assets Level 2 Dispose of Assets Sales price and buyer confirmed Sale/Disposal pleted Asset sale or disposal registered with Accounts dept FA Register updated Assets identified for disposal Asset disposal notification Interface to GL FA Select assets to dispose FA Obtain quote (if applicable) FA Sell / Dispose of Asset FA Notify Accountants FA Reconcile GL accounts Sub Processes / Notes ? Cost Centre managers identify items for disposal ? Cost Centre manager to obtain quote for asset, place item in auction, or advertise as appropriate ? Asset sold and monies received by Cost Centre managers ? Cost Centre managers to ensure monies received for assets as agreed or expected from auction ? Invoices raised by AR for sale of assets on credit ? Cost Centre managers to notify FA staff /accounts of disposals ? Cost Centre manager to ensure asset payment received and registered. ? Ensure FA register reconciles with asset values in GL ? GL maintained for Disposals ? Ensure that all details of profit / loss have been recorded accurately to the correct cost centres in GL ? FA accountant to update register with disposals FA Record Transactions in accounts Select assets to dispose FA Obtain quote (if applicable) FA Sell/dispose of assets FA Notify finance FA Reconcile GL accounts FA GL a/c’s maintained for disposals Update FA register Disposal procedures Valuation procedures Authorisation procedures Disposal procedures Disposal procedures Reconciliation procedures Cost centre managers Cost centre managers Cost centre managers Cost centre manager FA accounting staff FA register FA accounting staff Financial manager Record transactions in accounts FA 14 PwC175 Fixed Assets Level 2 Maintain Asset Register FA Receive Request FA Transfer Assets FA Adjust Assets FA Writeoff / down assets Sub Processes / Notes FA Revalue Assets FA Capitalise WIP Assets FA Report on adjustments ? Receive request to alter fixed assets register ? Transfer single asset between GL depreciation expense accounts or departments ? Transfer a group of assets between GL depreciation expense accounts or departments ? Reserve adjustments . adjust for accumulated depreciation for single or groups of assets ? Fully or partly write off assets ? Calculate gains and losses before running depreciation ? Recognise ?go live? status ? Commence depreciation ? Revalue assets ? Run depreciation ? Run reports detailing changes to FA register Systems controls Updated FA Register FA accounting staff Cost centre managers Management accountant Authorisation procedures Maintenance policy Asset register updated Reports Authorisation procedures Maintenance policy FA Accounting staff Cost centre managers Receive request FA Transfer Assets FA Adjust Assets FA Writeoff / down Assets FA Revalued Assets FA Capitalise WIP Assets FA Report on adjustments FA FA accounting staff Approved request 15 PwC175 Fixed Assets Level 2 Perform Period End Routine Sub Processes / Notes FA Calculate depreciation FA Post depreciation to GL FA Reconcile accounts FA Send monthly reports to asset owners ? Calculate cumulative depreciation to date in the year based on current asset register with reference to relevant asset rules ? Prepare all postings for GL . additions, disposals, depreciation, adjustments ? Post to GL automatically ? Reconcile Asset register to Balance Sheet ? Report on adjustments / corrections required ? Generate standard month end asset / depreciation report for relevant managers Reports Updated FA register amp。 accounting policies FA accounting staff FA accounting staff FA accounting staff Cost centre managers 12 PwC175 Fixed Assets Notes Add Assets Best Practice Features ? Linked databases used in recording asset details, to increase accuracy of the asset register and to eliminate duplicate paper trails ? Appropriate asset “numbering” methods driven by users of asset information。 – split or merge assets。 – Expenses。 Master Data set up on