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561 - 580 of 1845 Results

ACCOUNTING FOR PROPERTY DISPOSITIONS - TRADE-IN OF PROPERTY

Chapter: 8600

Section: 8642

Agencies/departments which plan to trade in capital assets/property should first receive approval from the Department of General Services, Surplus Property and Reutilization program. The Surplus Property and Reutilization program will determine whether the property being traded-in should be acquired ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8642
PROPERTY—DEFINITION

Chapter: 8600

Section: 8609

Section deleted

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8609
VALUING PROPERTY

Chapter: 8600

Section: 8618

Capital assets/property acquired through purchase or internally built/generated, will be reported at the historical cost (i.e., the cost of the asset, and the related costs necessary to place the asset in its intended location and condition for use). Gifts, warranty replacements, and certain transfe ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8618
ACCOUNTING FOR PROPERTY ACQUISITIONS - GIFT

Chapter: 8600

Section: 8634

Gifts are normally either real property and intangibles or personal property, such as equipment and cash. Retain receipts, letters, stock received reports, or other documents as evidences of gifts. Government Code sections 8647, 11005, and 16302 pertain to the state’s acceptance of gifts ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8634
PROPERTY ACCOUNTING—BASIC ACCOUNTING REQUIREMENTS/DIFFERENCES

Chapter: 8600

Section: 8620

Section deleted and content moved to 8670.1.

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8620
ACCOUNTING FOR PROPERTY DISPOSITIONS - SALE OF PROPERTY

Chapter: 8600

Section: 8641

Accounting for capital assets/property sales differs depending on the Generally Accepted Accounting Principles (GAAP) classification of the owner fund. Governmental Funds Capital assets/property sold by governmental funds are removed from the asset accounts of the governmental fund (Legacy ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8641
PURPOSE AND OBJECTIVE OF PROPERTY ACCOUNTING

Chapter: 8600

Section: 8600

Property accounting policies and procedures are designed to maintain uniform accountability for the management, control, accounting, and record-keeping of state property. A combination of accurate accounting records and strong internal controls must be in place to prevent and detect the unauthorized ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8600
INTANGIBLE ASSETS - LAND USE RIGHTS

Chapter: 8600

Section: 8615.2

Land use rights include easements or mineral, timber, and water rights. Land use rights acquired in a transaction that does not involve acquiring the associated land should be reported as an intangible asset. In contrast, land use rights acquired with a land purchase are reported as land. Land use r ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8615-2
IMPROVEMENTS OTHER THAN BUILDINGS

Chapter: 8600

Section: 8613

Section deleted, revised and renumbered to 8610.3

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8613
USEFUL LIFE

Chapter: 8600

Section: 8617

Useful life is the period of time during which a capital asset/property provides service. Capital assets/property for state agencies/departments using FI$Cal have standard estimated useful lives for all asset classifications. For agencies/departments deferred/exempt from using FI$Cal, ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8617
ACCOUNTING FOR PROPERTY ACQUISITIONS - INTERNALLY GENERATE INTANGIBLE ASSETS

Chapter: 8600

Section: 8635

Intangible capital assets/property are considered internally generated if they are created or produced: By the agency/department. An entity contracted by the agency/department. If they are acquired from a third party but require more than minimal incremental effort on the part of the agency/depa ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8635
CLASSIFYING PROPERTY - CONSTRUCTION WORK IN PROGRESS

Chapter: 8600

Section: 8610.7

Construction work in progress is used to accumulate costs incurred to construct or develop a tangible capital asset before it is substantially ready to be placed into service (at which time the costs would be reclassified into the appropriate major classification). Depreciation cannot begin until th ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8610-7
VALUING PROPERTY - IMPROVEMENTS

Chapter: 8600

Section: 8618.1

Improvements, betterments and additions are costs that add value to an existing capital asset/property. An improvement that meets the capitalization threshold in SAM section 8602 is required to meet the criteria of this section. The improvement should have an estimated useful life that is representa ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8618-1
INTANGIBLE ASSETS - COMPUTER SOFTWARE

Chapter: 8600

Section: 8615.1

Agencies/Departments shall capitalize costs for purchased software licenses if they meet the capitalization threshold in SAM Section 8602. For information on internally generated intangible assets, see SAM Section 8615.3. Agencies/Departments shall record capitalized computer softwa ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8615-1
ACCOUNTING FOR PROPERTY DISPOSITIONS

Chapter: 8600

Section: 8640

Government Code sections 14673, 14674, and 14675 authorize the Director of General Services to approve the sale, exchange, or transfer between agencies/departments of real or personal property owned by the state if the sale, exchange, or transfer is in the best interest of the state. Before disposin ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8640
INTANGIBLE ASSETS

Chapter: 8600

Section: 8615

An intangible asset is an asset that possesses all of the following characteristics: Lacks physical substance. It may be contained in or on an item with physical substance (e.g., software stored on a compact disc), or it may be closely associated with another item that has physical substanc ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8615
FINANCIAL STATEMENT REPORTING REQUIREMENTS

Chapter: 8600

Section: 8660

Section deleted and content moved to 8670.2.

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8660
JOURNAL ENTRIES FOR THE CAPITAL ASSETS GROUP OF ACCOUNTS

Chapter: 8600

Section: 8622

Section deleted and content moved to 8670.1.

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8622
BUILDINGS

Chapter: 8600

Section: 8612

Section deleted, revised and renumbered to 8610.2

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8612
ACCOUNTING FOR PROPERTY ACQUISITIONS - LEASES AND CONTRACTS THAT TRANSFER OWNERSHIP (FINANCED PURCHASE)

Chapter: 8600

Section: 8632

Governmental Accounting Standard Board (GASB) Statement No. 87 establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. Prior to GASB No. 87, leases were classified as capital leases or operating leases. G ...

https://www.dgs.ca.gov/Resources/SAM/TOC/8600/8632

Search DGS

561 - 580 of 1845 Results

ACCOUNTING FOR PROPERTY DISPOSITIONS - TRADE-IN OF PROPERTY

PROPERTY—DEFINITION

VALUING PROPERTY

ACCOUNTING FOR PROPERTY ACQUISITIONS - GIFT

PROPERTY ACCOUNTING—BASIC ACCOUNTING REQUIREMENTS/DIFFERENCES

ACCOUNTING FOR PROPERTY DISPOSITIONS - SALE OF PROPERTY

PURPOSE AND OBJECTIVE OF PROPERTY ACCOUNTING

INTANGIBLE ASSETS - LAND USE RIGHTS

IMPROVEMENTS OTHER THAN BUILDINGS

USEFUL LIFE

ACCOUNTING FOR PROPERTY ACQUISITIONS - INTERNALLY GENERATE INTANGIBLE ASSETS

CLASSIFYING PROPERTY - CONSTRUCTION WORK IN PROGRESS

VALUING PROPERTY - IMPROVEMENTS

INTANGIBLE ASSETS - COMPUTER SOFTWARE

ACCOUNTING FOR PROPERTY DISPOSITIONS

INTANGIBLE ASSETS

FINANCIAL STATEMENT REPORTING REQUIREMENTS

JOURNAL ENTRIES FOR THE CAPITAL ASSETS GROUP OF ACCOUNTS

BUILDINGS

ACCOUNTING FOR PROPERTY ACQUISITIONS - LEASES AND CONTRACTS THAT TRANSFER OWNERSHIP (FINANCED PURCHASE)