Search
Policy Areas
Filter and Sort

Showing 1 - 10 of 10 results

Leasehold Improvements: Depreciation, Reconciliations Reports and Centralized Functions

Leasehold Improvements: Depreciation, Reconciliations, Reports and Centralized Functions Description 1. Depreciation is the measure of wearing out, consumption or other loss of value of a fixed asset whether arising from use, the passage of time or obsolescence. This policy specifies requirements on recording and reporting on depreciation reconciliations for leasehold improvements. 2. …

Content Type: Document Document Type: Policy Effective Date: 25-07-2016 Planned Review Date: 09-01-2026 Policy Area: Administrative Services Policy Chapter: Asset Management - Property, Plant and Equipment Policy Sub-Chapter: Leasehold Improvements Policy: Depreciation, Reconciliations Reports and Centralized Functions (Leasehold Improvements)

Plant and Property: Disposal and Write-Off

Plant and Property: Disposal and Write-Off Use of Legal Counsel 1. Given the legal complexities involved in the transfer of title documents for Plant, Land and Buildings, the first step in processing the disposal of the Plant, Land or Building is to engage the services of legal counsel in consultation with Legal Office (LO), Bureau for Management Services (BMS) for the necessary advice in the …

Content Type: Document Document Type: Policy Effective Date: 26-07-2016 Planned Review Date: 09-01-2026 Policy Area: Administrative Services Policy Chapter: Asset Management - Property, Plant and Equipment Policy Sub-Chapter: Plant and Property Policy: Disposal and Write-Off (Plant and Property)

Furniture and Equipment: Depreciation, Reconciliations Reports and Centralized Functions

Furniture and Equipment: Depreciation, Reconciliations Reports and Centralized Functions Depreciation 1. Depreciation is the measure of wearing out, consumption or other loss of value of a fixed asset over its useful life. This is also known as ‘depreciation expense’, which is expensed over the life of the asset rather than when the asset is paid for. 2. Depreciable amount is the cost of an …

Content Type: Document Document Type: Policy Effective Date: 25-07-2016 Planned Review Date: 09-01-2026 Policy Area: Administrative Services Policy Chapter: Asset Management - Property, Plant and Equipment Policy Sub-Chapter: Furniture and Equipment Policy: Depreciation, Reconciliations Reports and Centralized Functions (Furniture and Equipment)

Leasehold Improvements: Acquisition and Maintenance

Leasehold Improvements: Acquisition and Maintenance 1. Leasehold improvements in UNDP are improvements made to commercially leased premises where the lease agreement was signed by UNDP, donated right to use premises occupied by UNDP or any premise that is not OWNED by UNDP. Such improvements will only be capitalized if the total cost of improvement exceeds US$50,000. Each improvement will be …

Content Type: Document Document Type: Policy Effective Date: 25-07-2016 Planned Review Date: 09-01-2026 Policy Area: Administrative Services Policy Chapter: Asset Management - Property, Plant and Equipment Policy Sub-Chapter: Leasehold Improvements Policy: Acquisition and Maintenance (Leasehold Improvements)

Furniture and Equipment: Acquisition and Maintenance

Furniture and Equipment: Acquisition and Maintenance Scope 1. Due to the similarity in accounting treatment, this section describes the operational policies and procedures for the following classes of assets that have been titled Furniture and Equipment: · Furniture and fittings · Communications and IT equipment · Heavy machinery and other equipment · Vehicles   2. All Furniture and Equipment …

Content Type: Document Document Type: Policy Effective Date: 25-07-2016 Planned Review Date: 09-01-2026 Policy Area: Administrative Services Policy Chapter: Asset Management - Property, Plant and Equipment Policy Sub-Chapter: Furniture and Equipment Policy: Acquisition and Maintenance (Furniture and Equipment)

Furniture and Equipment: Disposal and Write-Off

Furniture and Equipment: Asset Disposal and Write-Off Types of Disposals 1. All disposals will be initiated by the CO/HQ by the Asset Focal Point using the disposal form in UNall. These will typically occur under the following scenarios: a) Disposal by Sale External sale to a third party at fair market value. This may have an impact on gain/loss on sale in the books of the selling party. However …

Content Type: Document Document Type: Policy Effective Date: 26-07-2016 Planned Review Date: 09-01-2026 Policy Area: Administrative Services Policy Chapter: Asset Management - Property, Plant and Equipment Policy Sub-Chapter: Furniture and Equipment Policy: Disposal and Write-Off (Furniture and Equipment)

Plant and Property: Depreciation, Reconciliations Reports and Centralized Functions

Plant and Property: Depreciation, Reconciliations Reports and Centralized Functions 1. Depreciation is the measure of wearing out, consumption or other loss of value of a fixed asset over its useful life. It will be the monthly expense charged to a project for the use of an asset over its lifetime. 2. The Depreciable amount is the cost of an asset, or other amount substituted for cost, less its …

Content Type: Document Document Type: Policy Effective Date: 25-07-2016 Planned Review Date: 09-01-2026 Policy Area: Administrative Services Policy Chapter: Asset Management - Property, Plant and Equipment Policy Sub-Chapter: Plant and Property Policy: Depreciation, Reconciliations Reports and Centralized Functions (Plant and Property)

Property, Plant and Equipment (PP&E)

Property, Plant and Equipment (PP&E) 1. The term “Property Plant and Equipment” refers to a tangible or physically verifiable item that meets ALL the following five criteria: a) Provides future economic or service benefits to UNDP – i.e. the PP&E item is held for use in the implementation of UNDP Programmes or for administrative purposes; b) Is expected to be used during more than one reporting …

Content Type: Document Document Type: Policy Effective Date: 01-02-2016 Planned Review Date: 09-01-2026 Policy Area: Administrative Services Policy Chapter: Asset Management - Property, Plant and Equipment Policy Sub-Chapter: Property, Plant and Equipment Policy: Property, Plant and Equipment

Plant and Property: Acquisition and Maintenance

Plant and Property: Acquisition and Maintenance Plant 1. For the purpose of these guidelines, Plant comprises those assets that are grouped together; held in use for the production or supply of goods or services; used in the implementation of UNDP programmes and administrative operations; and are expected to be used during more than one financial reporting period. Examples of such assets are …

Content Type: Document Document Type: Policy Effective Date: 25-07-2016 Planned Review Date: 09-01-2026 Policy Area: Administrative Services Policy Chapter: Asset Management - Property, Plant and Equipment Policy Sub-Chapter: Plant and Property Policy: Acquisition and Maintenance (Plant and Property)

Leasehold Improvements: Disposal and Write Off

Leasehold Improvement Disposal and Write-Off   Structure Element - Description 1. In general, leasehold improvements will not be disposed or written off as they are attached to the building.  UNDP’s standard lease agreement contains the following Article.   “Where, with the prior written consent of the Lessor, major alterations, renovations or additions are made on the demised Premises, the UNDP …

Content Type: Document Document Type: Policy Effective Date: 26-07-2016 Planned Review Date: 09-01-2026 Policy Area: Administrative Services Policy Chapter: Asset Management - Property, Plant and Equipment Policy Sub-Chapter: Leasehold Improvements Policy: Disposal and Write-Off (Leasehold Improvements)