property classifications

Property Classifications for Asset Management

When it comes to accurately scheduling your property values for insurance, it’s important to classify items correctly. What you may picture as a building or structure may not line up with your policy language. Additionally, some may not be…
capitalize or expense an asset

How to Determine Whether to Capitalize or Expense an Asset

Acquisitions are not always straightforward, making it difficult to decide whether to capitalize or expense an asset. Our staff assists public clients daily with asset capitalization and we frequently encounter scenarios that are not as simple…
preparing for your university’s inventory audit

Tips for Preparing for Your University’s Inventory Audit

When preparing for your university’s inventory audit, where do you begin? What should you focus on?  Auditors will typically select a sample population of assets to be reviewed. It’s vital to ensure that the following data elements and…