- Introduction
- 1.0: Accounting Principles and Definitions
- 2.0: Chart of Accounts
- 3.0: Purchasing and Contracts
- 4.0: Travel
- 5.0: Payroll
- 6.0: Accounts Payable
- 7.0: Capitalization
- Section 7 Introduction
-
7.1 Capital Asset Definitions and Guidelines
- 7.1.1 Capital Asset Classification
- 7.1.2 Capitalization Thresholds
- 7.1.3 Capital Asset Acquisition Cost
- 7.1.4 Capital Asset Donations
- 7.1.5 Leased Land, Buildings, and/or Equipment
- 7.1.6 Calculation of Leased Asset and Liability Amounts
- 7.1.7 Depreciating Capital Assets
- 7.1.8 Residual Value
- 7.1.9 Sale of Capital Assets
- 7.1.10 Computation of Gain and Loss from Sale of Assets
- 7.1.11 Assets Acquired by the Exchange of Other Assets
- 7.1.12 Assets Held in Trust
- 7.1.13 Controlled Assets
- 7.2 Account Number Reference For Capital Assets
- 7.3 Land and Land Improvements
- 7.4 Buildings and Building Improvements
- 7.5 Facilities and Other Improvements
- 7.6 Infrastructure
- 7.7 Equipment
- 7.8 Library Books and Reference Materials
- 7.9 Works of Art and Historical Treasures
- 7.10 Computer Software
- 7.11 Intangible Assets
- 7.12 Construction in Progress
- 7.13 Auxiliary Enterprises Renewal and Replacement (R&R) Reserve
- 7.14 Capital Asset Impairment
- 7.15 Appendices
- 8.0: Budget Process
- 9.0: Banking and Investments
- 10.0: Accounts Receivable
- 11.0: Inventory
- 12.0: Protection and Security of Records
- 13.0: Financial Management and Information Systems
- 14.0: Agency Funds
- 15.0: Auxiliary Enterprise Funds
- 16.0: Audits
- 17.0: Affiliated Organizations
- 18.0: Major Repair and Rehabilitation Funds and GSFIC Projects Managed By Institutions
- 19.0: Miscellaneous
- 20.0: Required Reports
- 21.0: Study Abroad Programs
- 22.0: Federal Stimulus Funds
- 23.0: Unrelated Business Income (UBI)
- 24.0: Student Fees
- Updates and Revisions
Colleges and universities are required by the National Association of College and University Business Officers (NACUBO) to adopt the AICPA Statement of Position 98-1, Software Developed or Obtained for Internal Use (SOP 98-1).