Asset Management Automated GAAP Entry Class Fund (CSU Account Account Name (Net Position) Program Fund) Amount Net investment in capital 811-Net investment in 713811 90 501 $xxx assets capital assets Transfers to/from other 811-Net Investment in 724004 13 501 ($xxx) CSU campuses, net Capital Assets Class Fund (CSU Account Account Name (Net Position) Program Fund) Amount Transfers to/from other CSU 724004 881-Unrestricted 13 532 $xxx campuses, net 722004 Supplies and services 881-Unrestricted 07 532 ($xxx) CWIP Additions Construction work in progress (CWIP) is not included and is being tracked outside of the Asset Management module. Entries to CWIP are initially recorded in the legal memo journal entry in CSU Fund 501 and a GAAP manual adjustment is made to reverse the credit to Net Investment in capital asset. Derived GAAP Entry the fund financing the purchase –in Class Fund (CSU Account Account Name (Net Position) Program Fund) Amount Supplies and other 722004 881-Unrestricted 07 221 $xxx services 711102 Short-term investment 881-Unrestricted 90 221 ($xxx) Journal Accounting records derived from legal for recording the payment for the acquisition of Description capital asset. Derived GAAP Entry in CSU fund 501 – Class Fund (CSU Account Account Name (Net Position) Program Fund) Amount 811-Net investment in 711207* Capital assets, net 90 501 $xxx capital assets Net investment in capital 811-Net investment in 713811 90 501 ($xxx) assets capital assets Journal Accounting records derived from legal for recognizing the CWIP additions to CSU Fund Description 501. * Use FIRMS Object Code 110008 Construction Work in Progress.
Asset Management Automated GAAP Entry Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 713811 Net investment in capital assets 811-Net investment in capital assets 90 501 $xxx 724004 Transfers to/from other CSU campuses, net 811-Net Investment in Capital Assets 13 501 ($xxx) Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 724004 Transfers to/from other CSU campuses, net 881-Unrestricted 13 532 $xxx 722004 Supplies and services 881-Unrestricted 07 532 ($xxx) CWIP Additions Construction work in progress (CWIP) is not included and is being tracked outside of the Asset Management module. Entries to CWIP are initially recorded in the legal memo journal entry in CSU Fund 501 and a GAAP manual adjustment is made to reverse the credit to Net Investment in capital asset. Derived GAAP Entry –in the fund financing the purchase Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 722004 Supplies and other services 881-Unrestricted 07 221 $xxx 711102 Short-term investment 881-Unrestricted 90 221 ($xxx) Journal Description Accounting records derived from legal for recording the payment for the acquisition of capital asset. Derived GAAP Entry – in CSU fund 501 Account Account Name Fund (Net Position) Program Class (CSU Fund) Amount 711207* Capital assets, net 811-Net investment in capital assets 90 501 $xxx 713811 Net investment in capital assets 811-Net investment in capital assets 90 501 ($xxx) Journal Description Accounting records derived from legal for recognizing the CWIP additions to CSU Fund 501. * Use FIRMS Object Code 110008 Construction Work in Progress.
CH_04.01.05_Capital_Assets_Depreciation_and_Amortization_Rev_2015-0811.docx