Fixed Asset Management, Large Standard



Standardize the solution to provide the enterprise with the ability to manage large fixed assets. 


  1. PeopleSoft Financials and Supply Chain Management (FSCM) from Oracle; will be used to fulfill fixed asset management where the value is over $5,000.


Fixed Asset - Fixed asset inventories include five distinct classes: Equipment, Construction-inProgress, Buildings and Building Improvements, Infrastructure and Land and Land Improvements. Refer to "OMB Fiscal & Administration Policies" appendix A for further description.


This standard applies to all executive branch state agencies including the University Systems Office but excluding other higher education institutions, i.e. campuses and agricultural and research centers.

Statement of Commitment

North Dakota's CIO/CTO directs that IT Policy be created to establish statewide information technology policies and standards as defined within ND Century Code (Chapter 54-59-09).


Non-compliance with this standard shall be reported to the Office of the State Auditor.

Revision Number: 1
Revision Date: 2021-04-08
Effective Date: 2021-04-08
Last Reviewed: 2021-04-08
Number: POL0020185