The Fixed Assets division at Oklahoma State University provides a service to each
department in the University and its branch campuses. The services provided not only
encompass State Law and University Policy and Procedure, but also includes capturing
and interfacing information for the Financial Reporting System and keeping abreast
of ongoing changes regarding capitalization guidelines at state and federal levels.
Timely reporting of acquisitions and changes in location or nature of fixed assets
provides a security system that protects University assets against theft and catastrophic
loss while establishing accountability. The Fixed Assets division can provide information
regarding equipment purchases for budgetary planning. Reports from the Fixed Assets
system are available to assist departments in locating pieces of equipment by room
number, building number, product code or owner code. Other information provided by
Fixed Assets generated reports include inventory numbers, item nomenclature, serial
number, make, model, PO number and funding information, claim number, date of addition
to Fixed Assets system and item dollar amount.