Asset records are created by the Capital Asset Management (CAM) team in KFS; however, it starts with the department’s submission of a purchase requisition. Capital assets are identified and created by the object codes assigned on the initial purchase requisition in KFS.
Once the purchased asset is received by the department and Accounts Payable issues the vendor payment, the PREQ eDoc is routed to CAM. CAM then verifies the purchase qualifies as a capital asset and either creates a new asset record or applies the payment to an existing asset record.
| Object Code | Definition or use case | Status |
|---|---|---|
| 6094 | Office art, capitalized and depreciated | Any |
| 6095 | Museum art, capitalized | Any |
| 6492 | Non-federally funded, MSU-owned asset | New purchase |
| 6497 | Federally funded, MSU-owned asset | New purchase |
| 6494 | Non-federally funded, MSU-owned fabricated asset | Under fabrication |
| 6493 | Federally funded, MSU-owned fabricated asset | Under fabrication |
| 6498 | Federally-owned asset, title is with non-MSU entity | Loaned asset |
| 6499 | Agency-owned asset, title is with non-MSU entity | Loaned asset |
| 6500 | Fabrication, federally-owned asset | Under fabrication |
