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
- Laptops - Amended Useful Lives - 2020
- KFS - Asset Types
- Procedure for repurchasing of NWU asset
- GRT-CAM - KFS transactions - Screens
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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
- Asset Management Training - Finance and Facilities
Useful documents and information:
- IAS 16 - Property, Plant & Equipment
- Apportionment of shared costs - Calculation Template
- Office Inventory Form
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Specialised Equipment (>R200 000) - Useful Life Enquiry
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KFS - Changes to the use of object 3073 (1 June 2024)
03 December 2024