Optimizing Capital Asset Practices

Recorded On: 10/04/2023

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Optimizing Capital Asset Practices 

October 4, 2023
2:00 – 3:30 pm EDT * Webinar
3:35 – 4:30 pm EDT * After the Show * Talk with the Faculty Directly!

Research administration continues to face increasing compliance and regulation coupled with fewer available resources. This discussion will demonstrate how the successful implementation of capital asset accounting practices can lower risks, increase recoveries, and provide useful data for other institutional needs. We will explore various driving forces for accurate fixed asset records including: audit, accountability, Uniform Guidance compliance, FAR Compliance, F&A (indirect cost) recovery, useful life analysis, federal requirements, risk management, and budget planning.

Highlights of the discussion will include:

  • Review compliance mandates and increased audit accountability and reporting requirements.
  • Discern the need for accurate fixed asset data from external stakeholders such as Risk Management, Accounting, Research and Sponsored Programs.
  • Establish consistent capital asset accounting classes and useful lives.
  • Discuss the potential increase for university capital equipment depreciation allocation and subsequent recoveries generated through F&A rate calculations.
  • Provide examples of best practices for accountability, disposals, transfers, F&A recovery, risk management, UG and FAR Compliance.
  • Learn how mobile based and RFID applications can reduce resources required while improving accuracy and completeness of asset data collected.

Format of webinar: 90-minute presentation, followed by 55 minutes of discussion.

  • Learn compliance strategies for capital equipment inventory process, accounting for sponsored assets, and disposition and transfer of assets.
  • Learn the various types of technology used by peer institutions and efficiencies to be gained.
  • Participants will see the impact that using good consistent cost accounting principles have on the results of their F&A rate calculations.

Albana Cejne

Assistant Director, Sponsored Research Audit

Princeton University

Mike Fister

Chief Operations Officer

HCA Asset Management

Betty Rasmussen

Senior Compliance Officer

University of Colorado Boulder

Participants receive 1.5 hours of continuing education credits.

You can access your certificate from the box on the right side of the screen, after filling out the webinar evaluation.

NCURA webinars use the Zoom Webinar platform. To confirm that you are ready to participate, please test your browser before joining the webinar, or review the more detailed system requirements.
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  • Wifi is not recommended. The problem with WiFi is signal strength can vary causing bandwidth to increase or decrease.
  • We recommend a wired connection. A wired connection gives a consistent signal and consistent bandwidth. A wired connection provides a better experience.
  • It's better for organizations with low bandwidth to only have the webinar running on 1 computer in a conference room than having 10 individual people running the session on 10 computers at their desks.
  • Audio (sound) is projected through your computer speakers. Be sure your computer is equipped with speakers so you can hear the presenters.

Member Price: $130.00 Non-Member Price: $160.00

Your registration includes one log-in. We are pleased to provide the opportunity for you to register additional sites at your institution for no additional charge.

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Handouts will be available 24 hours before the live webinar. 

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