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Title: Fixed Asset Policy
Subject: Accounting Services                       
Policy No: FIN: 2016: 04                                                                  
Applies: University-Wide                   
Issuing Authority:  President                                                           
Responsible Officer:  Senior Vice President for Finance and CFO                        
Last Revision: 11/12/2018
Last Reviewed: 11/12/2018


The purpose of  of this policy is to ensure that Rowan University owned capital assets, government funded and furnished capital assets are properly protected, controlled,  and accounted for in accordance with the requirements established by Generally Accepted Accounting Principles (GAAP) as promulgated by the Governmental Accounting Standards Board (GASB) and with the regulatory standards set forth in the Federal Acquisition Regulation (FAR) and Office of Management and Budget (OMB) Circular A-110.