An important capacity of the college and university business operation is the equipment inventory or fixed asset function. At Oklahoma State University, Fixed Assets processes and procedures are primarily an accounting function. The goal of UAC – Asset Management is to assist university departments in effective management and accountability for their property, establish administrative control over fixed asset inventories, help establish a climate of responsibility for preserving the institution’s assets, and interact with auditors, government officials, and other cognizant reporting agencies. As employees of Oklahoma State University, each person is responsible for the equipment he/she works with and is accountable for the use of equipment purchased from all moneys with which we are entrusted. With accountability and departmental needs being of utmost importance in our actions, maintaining an accurate inventory of fixed assets becomes imperative.