Departmental Sales

1
Accounting 101 Module IV MCG Financial
Activities Class IV Physical Inventory
2
Purpose

• This session is designed to discuss the
  importance of the Annual Physical Inventory and
  describe the related documentation.

3
Objectives

• 1. Why is the Annual Physical Inventory
  Important?
• 2. How, When and What has to be inventoried.
• 3. Describe the related documentation.

4
Agenda

• 1. The importance of the Annual Physical
  Inventory
• Funding Requirements
• State Requirements
• MCG Policy Requirements

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Agenda

• 2. What, when and how is the inventory conducted?
• All Assets over 1,000 and computers over 500 in
  value
• April May timeframe
• Inventory done by barcode scanners

6
Agenda

• 3. Documentation
• Request for Moving Services
• Property Loan Agreement
• Lost/Stolen Police Report

7
Questions/Answers
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Conclusion

• This concludes Module IV
• Physical Inventory
• If you have any questions, comments or problems
  with the Inventory, please call Kevin Doyle at
  1796. The Asset Management link is
  www.mcg.edu/supply/property/index.htm.
• Thank you