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The Fixed Asset Confirmation Tool is currently available in the same application as the Journal Entry Workflow.
Access to this application is automatically granted to custodians of record as of the May 2017 application refresh and the financial manager on the org that purchased the asset.
That new tag will then replace the old Drexel or DUCOM tag on the asset.
Because of this inventory, we are not requiring that departments confirm assets using the Fixed Asset Confirmation Tool, but encourage those in buildings not undergoing the physical inventory to do so.
Fixed capital does not include materials used in the actual composition of the good being produced.
Investments in fixed capital include the addition of new tools and equipment, as well as real estate need to create and house the goods being produced.
For FY 2017, we have engaged Duff and Phelps to conduct a physical equipment inventory of 12 University locations during the months of May and June 2017 for our Facilities and Administrative rate proposal.
As noted above, you may add other data series to this line before entering a formula.
In July 2016, the Fixed Asset Confirmation Tool was introduced to the University community to conduct the annual fixed asset confirmations for FY 2016.
In May 2017, we have refreshed the data on the Fixed Asset Confirmation Tool based on the over 3600 confirmation received for FY 2016.
"Net fixed investment" includes the depreciation of existing assets from the figures for new fixed investment, and is called net fixed capital formation.
GFCF is not a measure of total investment, because only the value of net additions to fixed assets is measured, and all kinds of financial assets are excluded, as well as stocks of inventories and other operating costs (the latter included in intermediate consumption).