Inventory Training - Life Cycle of an Asset


  • Importance of inventory management
  • Political & Regulatory Requirements
    • Handbook of Business Procedures (HBP)
    • Federal Acquisition Regulations (FAR) System
    • Texas State Government Code
    • State Property Accounting (SPA) System
    • UT Systems Requirements

Roles & Responsibilities

  • Expectations of Inventory Contact
  • Assigning Inventory contacts using DEFINE command GG5

Definition of Inventory

  • Different ways to acquire an asset
  • Equipment ownership
  • Difference between capitalized, controlled, and expensed assets
  • Object code determination

Acquisition of an Asset

Tracking an Asset

Removal of Asset


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