Standards
Capital Purchases and Leases OVERVIEW
The Office of the University Controller is in the process of converting Standard Operating Procedures (SOPs) into IU accounting standards. As such, these SOPs are no longer being updated. Information is as current as of the date of last revision available on each SOP. Please continue to check back as SOPs are converted into standards within this book.
- CSOP 1.0 – Capitalization Rules
- CSOP 2.0 – Asset Retirement
- CSOP 3.0 – Asset Transfer
- CSOP 6.0 – Equipment Loan
- CSOP 7.0 – IU Gifts
- CSOP 8.0 – Capitalization of Moveable Equipment
- CSOP 10.0 – Trade-in of Similar Capital Equipment
- CSOP 11.0 – Equipment Lease vs. Purchase
- CSOP 12.0 – Fabricated Equipment
- CSOP 13.0 – Certificate of Substantial Completion
- CSOP 14.0 – Capitalization Entries to the General Ledger
- CSOP 15.0 – Merge an Asset
- CSOP 16.0 – Movable Equipment – Construction in Process to Complete
- CSOP 17.0 – Transfer Title from Federal or Other Owned
- CSOP 22.0 – Accounting for the Impairment of Capital Assets
- CSOP 26.0 – Capitalization of Signage
- CSOP 31.0 – Mass Purchase of Equipment and Other Durables
- CSOP 32.0 – Capital Equipment Purchased for Resale
- CSOP 33.0 – Capitalization of Found Equipment
- CSOP 34.0 – Pollution Remediation Obligation
- CSOP 38.0 – Capital Assets Not Expected To Be Received in Current FY
- CSOP 39.0 – Computer Software
- CSOP 40.0 – Transfer-in of Capital Assets from Non-IU Institutions
- CSOP 43.0 – Capitalization of Asbestos Abatement Cost