Click to review the below policies related to inventory:

FIN-ACC-170: Capital Movable Asset Physical Inventories, Tagging, and Location Changes

Click the above link to review the Indiana University policy on capital movable asset physical inventories, tagging, and location changes. This policy outlines that each unit is responsible for movable capital asset physical inventories, tagging, and changing locations for those assets capitalized under their organization code in the Kuali Financial System. This policy helps ensure that physical inventories and tagging are completed accurately and timely to secure university capital assets, to verify location for compliance with OMB Uniform Guidance, and to assist units with effective management of capital equipment. Review this policy in full for details about the process surrounding the physical inventory of, tagging for, and location changes of capital assets, the scope of the policy, reasoning for the policy, definitions for commonly used phrases related to this process, and the history of this policy.