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Equipment Management
Division of Financial and Business Services

Frequently Asked Questions

Why is a Physical Inventory required on sponsored accounts upon termination?

A Physical Inventory is conducted on sponsored accounts upon termination to ensure that the equipment expenditures coincide with General Ledger expenditure, as well as the Financial Report submitted to the agency by Sponsored Projects Accounting. Any inaccuracy is corrected before the Final Inventory Report is submitted to the Sponsoring agency by Equipment Management. 

Categories: Reports