Technology expenditures Software, such as enterprise reporting systems, whether purchased GASB Statement 51, – intangible assets or licensed, may meet the criteria to be considered an intangible Accounting and Financial and reported in Object 6400 or 6500, rather than Object 5800. Reporting for Intangible Assets CSAM Procedure 630, Technology Coding – Examples No amount entered for Object Object Code 9796 (Net Investment in Capital Assets) consists of CSAM Procedure 330, 9796, Investment in Capital capital assets, net of accumulated depreciation and less any related Object Classification “Net Assets” debt. Any deferred outflows and inflows of resources are also included. The technical review check reads: “NET-INV-CAP-ASSETS” If capital asset amounts are imported/keyed, objects 9400-9489 (Capital Assets) in funds 61-73, then an amount should be recorded for Object 9796 (Net Investment in Capital Assets) within the same fund.
Technology expenditures – intangible assets Software, such as enterprise reporting systems, whether purchased or licensed, may meet the criteria to be considered an intangible and reported in Object 6400 or 6500, rather than Object 5800. GASB Statement 51, Accounting and Financial Reporting for Intangible Assets CSAM Procedure 630, Technology – Coding Examples No amount entered for Object 9796, “Net Investment in Capital Assets” Object Code 9796 (Net Investment in Capital Assets) consists of capital assets, net of accumulated depreciation and less any related debt. Any deferred outflows and inflows of resources are also included. The technical review check “NET-INV-CAP-ASSETS” reads: If capital asset amounts are imported/keyed, objects 9400-9489 (Capital Assets) in funds 61-73, then an amount should be recorded for Object 9796 (Net Investment in Capital Assets) within the same fund. CSAM Procedure 330, Object Classification
sacsminutesfeb2018attb.docx