Accounting Guidelines

View resources on accounting guidelines, including those for inventory control, capitalization, and non-capital asset management. 

Inventory Control Procedure - Sensitive Analysis

Inventory Control reviews and approves requisitions to ensure accuracy and completeness of the asset data captured. View details of the updated approval procedures of requisition here. 

Inventory Control Procedure

Capitalization Policy

Policy for capitalization and inventory control ensures compliance with generally accepted accounting principles and prudent financial management. Access the policy here. 

Capitalization Policy

Non-Capital Asset (NCA) Guidance

View guidelines and instructions for UMD departments for the proper control, care, maintenance, security, and disposition over non-capital assets (NCA) here. 

NCA Guidance

Guidelines for Funding Facility Projects

The attached Guidelines for Funding Facility Projects and sample MOU are designed to ensure that the responsibility for funding facility projects is identified in writing by MOU in advance of project start.  The guidelines also require all parties to approve all changes in budget as the project proceeds.  Project accounts will no longer be set up without a signed MOU.

 

Facility Funding Guidelines

Funding MOU Boilerplate