Capital Assets
- Overview of Purchasing & Reporting of Capital Assets
- Capital Asset Accounting
- Capitalization Thresholds
- Capital Asset Donations
- Master Lease Purchase Program
- Sale, Disposal or Interagency Transfer of Capital Assets
- Non-Monetary Transactions
- Assets Held in Trust
- Controlled Assets
- Capital Asset Categories
- Impairment of Capital/Leased Assets and Insurance Recoveries
- Depreciation
- Amortization
- Impact of Threshold on Indirect Cost Plans
Reporting Requirements for Annual Financial Reports of State Agencies and Universities
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Reporting Requirements for Annual Financial Reports of State Agencies and Universities
Capital Assets
Amortization
SPA Calculations
SPA calculates accumulated amortization and amortization expense for all amortizable property recorded in SPA. It is imperative for each agency to ensure SPA properly reflects its capital asset balances.
For a listing of SPA reports available on a daily basis, see the Daily Generation of SPA Ad Hoc Reports (FPP N.009) (login required).
References
Resources
- Agency Fiscal Year-End USAS Adjustments and AFR Checklist
- Step 1 – General Cleanup
- Step 2 – Review USAS Balances
- Step 3 – Investments
- Step 4 – Interagency Activity
- Step 5 – Binding Encumbrance and Payables
- Step 6 – General Revenue Reconciliation
- Step 7 – Statement of Cash Flows
- Step 8 – Notes to the Financial Statements
- Step 9 – Supplementary Schedules
- Step 10 – Analyze USAS Reports
- Step 11 – Review USAS Information
- Step 12 – Verify DAFRs and Complete AFR
- View Entire Checklist
- FAQs
- Definitions
- Appendices