All departments are required to perform a complete inventory of their capital equipment once per year. This process is an important control activity designed to safeguard the assets of the University.

Inventory valuation is often necessary for the purposes of evaluating and determining damages. Such damages could arise from a multitude of factors such as water intrusion, fire, theft and / or ...

Top menu: ‘Add-ins’> Oracle>Switch responsibility. If this responsibility does not show, you need to request access by submitting an Oracle responsibility request form found on the RIT Service Center ...

When it's time to take inventory, businesses must consider key factors in achieving accurate and consistent results. Companies can take strategic planning steps when preparing for physical counts, ...

A notification has been sent to custodians and financial managers of fixed assets purchased on research awards to make them aware that the federal regulation, 45 CFR Part 75.320 (d), requires that a ...

Inventory balances are impacted by the data that’s input into the system. When input activity is occurring in a system, the ticketed data may not get into the system until a day or more after ...

Each department with an inventory is required to take a physical count at least once a year to ensure an accurate asset value is reported on the balance sheet and that cost of goods sold is recorded ...

There are so many unavoidable tedious tasks in running a business. Physical inventory counts rank high on this list. Fortunately, there are a number of ways businesses can mitigate the pain of ...

For those of you who still shut down your facility once or twice a year to review inventory, I have to ask why. With cycle counting, there is no need for such disruption. The best way to ensure ...

Fiscal year 2026 (FY26) is considered a base year for developing the facilities and administrative (F&A) rate proposal for submission to the Division of Cost Allocation (DCA) of the Department of ...

Supply chain management and the production and storage of spare parts represent something of a sticking point for the global manufacturing industry. Spare and replacement parts have traditionally been ...