Capital Equipment & Accounting
In Capital Equipment and Accounting, we work with campus departments, Capital Budget, Capital Programs, Financial Service Center, Medical Center, and UC Office of the President (UCOP) in the administration of all capitalized asset accounting, which includes accounting for equipment assets, plant assets, capital leases and long-term debt.
UCOP and Federal Regulations require that campus departments perform a physical verification of all capitalized assets listed in the UCSF asset management database system every two years. This is essential for continued Federal, State, and private donor funding of operations and research projects. Equipment custodians are charged with conducting the physical inventory on a biannually-scheduled basis.
We recommend the following steps for new equipment custodians to become familiar with the acquisition, use, upkeep, tracking and disposition of capitalized assets:
If you need our assistance, please refer to our Contacts tab, and we will be happy to assist you.