Contact Us  ·  Search  ·  Home    
Equipment Management
Division of Financial and Business Services

Frequently Asked Questions

What does asset retirement mean? (Page 14)

This is when an asset is no longer tracked in CAMS. The asset may have been returned to the vendor, exchanged, replaced, traded in, lost, stolen, discarded, transferred externally to another institution, etc. Once an asset is retired, no updates/changes may be made to the asset’s information. If an asset is retired in error, it must be recreated by Equipment Management to be returned to the inventory system.

Categories: CAMS Functional Processing