Capital Expenditure Policy

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Screenshot of the first page of Capital Expenditure Policy

This policy focuses on capital equipment in order to ensure that they are properly accounted for, tracked and safeguarded; to clearly document the proper process and required documents to ensure that the company’s key capital equipment transactions are performed timely, accurately and with all required information entered into the accounting system; and to ensure that vendors are paid timely and only after assets have been properly ordered, received and tagged in the accounting system.

It discusses capitalization and economic life of assets; construction-in-process (CIP) purchases; upgrades; inactive, damaged and impaired assets; intercompany accounting; etc.

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