Asset Management

An important capacity of the college and university business operation is the equipment inventory or fixed asset function. At Oklahoma State University, Fixed Assets is primarily an accounting function, administered by the Assistant Director of Budget & Asset Management. The goal of the Fixed Assets division 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 or 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 utmost in our actions, the importance of maintaining an accurate inventory of fixed assets becomes imperative.
 
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