Policy University Management FMPM 500 - FMPM 599 - Equity FMPM 520 Asset Revaluation Surplus
FMPM 520 Asset Revaluation Surplus
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Intent
To set out the requirements for management of asset revaluation surpluses.
Scope
Function | Responsibility of |
---|---|
Management of an asset revaluation surplus | Chief Financial Officer |
Definitions
Policy
The Chief Financial Officer must ensure that accounting for the revaluation of assets is in accordance with the approved accounting policies of the University. Refer to Appendix B - Accounting Policies.
Related documents, legislation or JCU Statutes
Australian Accounting Standard AASB 116 – Property Plant & Equipment
Non-Current Asset Policies for the Queensland Public Sector published by Queensland Treasury (revised February 2012).
For enquiries in relation to this FMPM Policy please contact CapitalandInfra@jcu.edu.au.
Administration
NOTE: Printed copies of this policy are uncontrolled, and currency can only be assured at the time of printing.
Approval Details
Policy Domain | University Management |
Policy Sub-domain | Finance |
Policy Custodian | Chief Financial Officer |
Approval Authority | Vice Chancellor |
Date for next Major Review | 04/2018 |
Revision History
Version | Approval date | Implementation date | Details | Author |
---|---|---|---|---|
15-01 | 09/09/2015 | 10/09/2015 | Policy Sponsor and Approval Authority updated to reflect the approved Policy and Delegations Framework | Quality Standards and Policy Unit |
11-01 | 14/04/2011 | 04/04/2011 | Finance Committee (02/11) | |
01-01 | 12/2001 | 12/2001 |