Policy Financial Management Equity (FMPM 500 - FMPM 599) 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

Asset Revaluation Surplus

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

Approval Details

Policy DomainFinancial Management

Policy Sponsor

Vice Chancellor

Approval Authority

Finance Committee

Date for next 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