The purpose of the Financial Fixed Assets Universe is to list all fixed assets in the Texas A&M University System Fixed Assets application (FFX). With this universe you can create reports that provide asset detail.
The universe is of type snapshot.
A record is kept in this universe for every asset per Asset Number, per component, per fund sequence.
The measures for this universe show detail monetary values and quantities.
- Total Cost – For a purchased item, it consists of the purchase price, and, optionally, purchase-related costs (freight, insurance, tax, other) and installation costs. For an item built in-house, it includes materials, labor and other related costs. For a donated item, it is an estimated value.
- Salvage Amount – Salvage Value is an estimate of the worth of the asset when fully depreciated.
- Depreciation Amount – If the Depreciation Method is MAN (manual), the charge for annual depreciation expense is supplied by the user rather than calculated by the system.
- Debt Finance Amount – amount financed
- Disposal Amount – The Disposal Amount is the net proceeds from the disposal of the asset. For example, if the asset has been sold, the ‘Disposal Amount’ is the sale price less any related costs. If costs exceed receipts, the ‘Disposal Amount’ has a negative value.
- Quantity – Quantity indicates the number of identical items included together as one asset, under a single asset number. Usually this is just one, but there are cases where it is fitting to consider a set of items as a single asset. An example of a multiple- quantity asset might be a set of dining hall chairs.
This universe contains links to the following dimensions. Any attribute in these dimensions can be used to sort, filter, subset, or include on the report or graph.
- Asset Class
- Asset Attributes
- Asset Building