Office of Financial Management Services


Office of Financial Management Services FMS Knowledge Base

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Table of Contents Capital Asset Management (CAMS)
Answers to questions related to CAMS transactions, capital asset inventories, capitalization policies, etc.

What are the rules for capitalization of equipment purchases?

What should I do if I can't locate a capital asset that requires a tag?

What should I do if an asset located for tagging already has an I.U. tag on it?

What should I do if it appears an asset has been duplicated in CAMS (Capital Asset Management System)?

What are the physical inventory requirements for the university?

What are the appropriate procedures for retiring a capital asset?

What are the appropriate procedures for transferring capital equipment to another university department?

What is the current policy on capital equipment loans?

What is the current policy on capitalization of fabricated equipment?

I have never done an inventory for my department before--what is the process?

What is the asset capitalization process?

Is it possible to get a copy of Circulars A110 and A21 which are frequently referenced by the Capital Asset Office?

What is the current policy on screening of requisitions for federally funded capital equipment?

What steps should be taken to remove equipment from our inventory if we wish to throw it away?

What is the proper procedure for sending capital equipment to the Bloomington campus salvage warehouse?