Capital Asset Management (CAM)

Responsibilities:

• All NWU assets are governed and reported by our department
• We ensure that all asset information recorded on the Asset Register is correct
• Process asset-related transactions on KFS (updates, verifications, disposals, transfers, etc.)
• Compile information for the NWU’s Annual Financial Statements related to fixed assets
• Engage with internal and external auditors on asset-related matters
• Conduct asset verifications - including physical verifications
• Provide asset-related training to NWU staff

Contact Details:

• Danika Alberts ~ x99 4506
• Anel Venter ~ x99 4507
• Lizette Williams ~ x99 4505
• Email address: kfs-assets@nwu.ac.za

Guidelines:

• NWU Fixed Assets - Standard Operating Procedures 
• How to create an Asset in KFS
• KFS - Asset Types
• Procedure for repurchasing of NWU asset

• GRT-CAM - KFS transactions - Solar Equipment, Batteries & Inverters

Asset Forms:

• Authorisation for the use of Assets - Off Campus
• Purchase of workstation from NWU
• Theft of Asset
• Asset Retirement 
• Asset OU Transfer

Asset Training Material:

• Asset Controller Training  
• Asset Management Training - Financial Planning 
• Asset Management Training - Purchases & Payments 

 Useful documents and information:

• IAS 16 - Property, Plant & Equipment 
• Apportionment of shared costs - Calculation Template 
• Office Inventory Form 

• Specialised Equipment (>R200 000) - Useful Life Enquiry 

• KFS - Changes to the use of object 3073 (1 June 2024)

  • Information

  • Procedures on the use of Object 3073 

  • Quotation Analysis Object 3073 - Template 

20 May 2025