DataTeam
Fixed Asset Inventory (FAI) is designed to
keep track of those thousands of items within
the school district. Have you ever heard these
questions:
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Who has
the new projector? |
| • |
Do you
remember when we bought that hard disk
drive in Sally's computer? |
| • |
Do you
remember if this printer is on a service
contract? |
| • |
Did we
put all of the kitchen equipment on
the insurance listing? |
| • |
My computer
is acting funny. Is it still under warranty? |
| • |
How are
we going to meet those new GASB 34 guidelines?
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Fixed Asset Inventory
combines the latest advancements in technology
in an easy-to-use package. FAI is user-friendly,
offering many useful standard reports, as well
as allows for customization. Let's suppose you
want a report on all of the computer equipment,
bought from Local Computer Store in the last two
years that is not under a service contract. With
FAI, you quickly and easily decide what's in your
report.
“. . GASB Statement
No. 34, [is] arguably the most significant change
in the history of governmental accounting. It
is a dramatic change in the way that school
districts must report and present financial
information. The new reporting model affects
every school organization that issues financial
statements in conformity with Generally Accepted
Accounting Principles (GAAP).”
--ASBO International
Fixed Asset Inventory is specifically
designed to meet the GASB 34 reporting requirements.
It provides the depreciation expense and accumulated
depreciation, allocated to various programs based
on where the asset is used, and other related
information required by your auditor to meet your
reporting guidelines. FAI significantly shortens
the work required to meet the GASB 34 requirements!
To learn more about implementing GASB 34 in a
school district, DataTeam recommends a book published
by ASBO International.
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Virtually
every field is "user definable" in FAI, but
we provide a standard set to get you up and
running quickly. If you want a different classification
for your assets, just change it! You can choose
now to not use a field (like asset identification
number) and implement it at a later date.
No problem, you're in control. |
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