Asset Acquisition Type Lookup

Description: Wor4942

The valid asset acquisition types are as follows.

Asset Acquisition Type definitions:

Type Name

Description

Non Capital

Non-capital assets are assets valued at less than $5,000.

Found

Found capital assets are assets that were retired in error or incorrectly classified in a prior fiscal year. Found assets create ledger entries.

Note: The system assigns the origin code, document number, document type code, and posting date to a found capital asset. Because these entries are system-assigned for this acquisition type, they are not displayed.

Gift

 

A gift of a capital asset occur either through a donation to the Foundation or through a direct donation to an organization. Gift assets create ledger entries.

Note: The system assigns the origin code, document number, document type code, and posting date to a gift capital asset. Because these entries are system-assigned for this acquisition type, they are not displayed.

New

This acquisition type is used to create non-movable additions that are not created in CAB. An acquisition type of New adds assets to the database without creating a General Ledger entry.

Note: CAB transactions also use the Asset Global document to create assets. In documents created by CAB transactions, the payments are displayed as view-only.

Cptl Transfer-in Federally/Other Owned

This acquisition type is used to create assets where the title is not to be vested in the university or receiving institution. This acquisition type generates ledger entries.

Note: The system assigns the origin code, document number, document type code, and posting date to this type of capital asset. Because these entries are system-assigned for this acquisition type, they are not displayed.

Transferred from other Univ. or Federal

Transfer-in capital assets are assets received from an external organization (usually another university) or government surplus. This acquisition type generates ledger entries.

To display and work with a global document, follow these steps:

  1. Search for the appropriate asset acquisition type.

  2. Click the  link for this type.

    The system displays the Asset Global document.

  3. Enter information as needed.

  4. If desired, use the delete button at the bottom of a section to delete sections that are not needed for adding assets.

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Document Layout