FMPM 500 Overview - Equity Management

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Intent

To set out the requirements regarding the establishment and maintenance of an equity management system.

Definitions

Asset Revaluation Surplus

Consultancy Funds

Equity

Faculty Funds

Major Projects Funds

Miscellaneous Operating Funds

Operating Funds

Research Funds

Restricted Funds

Policy and Procedures

It is the responsibility of the Director, Financial and Business Services to establish and maintain equity management systems (FMPM 510-599) which efficiently, effectively and economically manage all equity, including surpluses.

The equity management system, including adequate internal controls, must provide for:

  • identifying, measuring, managing, and recording equity including surpluses.

For enquiries in relation to this FMPM Overview please contact financialsystems@jcu.edu.au.

Administration

Approval Details

Policy Sponsor

Deputy Vice Chancellor, Services and Resources

Approval Authority

Finance Committee

Date for next review

08/2016

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

18/08/2011

18/08/2011

Finance Committee (06/11)


01-01

12/2001

12/2001



There are no related procedures.

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