To comply with state and federal regulations and industry accounting standards the University of Cincinnati must maintain accurate assets records. Capital Assets Policy 2.1.13 addresses capital asset ownership, stewardship and reporting responsibilities.
The Asset Accounting module within UC Flex is the official university record for asset inventories, including value and accumulated depreciation for capitalized assets. Accuracy of the information within this system depends on Organizational Units exercising stewardship responsibilities over assets including creating and maintaining asset records. Assets acquired, fabricated or government furnished under a grant or contract must comply with all contractual obligations set forth by the sponsor, including (but not limited to) establishing an asset record.
Please refer to the Resources Section for additional information.
UC Flex transaction code AS02 (Change Asset) is used to submit:
- Asset Acquisition Requests (Asset Record Origin Tab)
- Asset Disposition Requests (Asset Record Origin Tab)
- Replacement Asset Tag Requests (Asset Record General Tab)