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​​Two terms changed throughout the policies below: GSSU replaced GSSC, while DMS changed to UNDP Service Request Portal. 1.Furniture and Equipment: Depreciation, Reconciliations Reports and Centralized Functions 2.Leasehold Improvements: Acquisition and Maintenance 3.Leasehold Improvements: Depreciation, Reconciliations Reports and Centralized Functions 4.Plant and Property: Disposal and Write-Off  5.Plant and Property: Depreciation, Reconciliations Reports and Centralized Functions  

​The Depreciation, Reconciliations Reports, and Centralized Functions (Furniture and Equipment) main policy is available in French. To access the document, click on the French language tab.

​The updated Plant, Property and Equipment (PP&E) section clarifies the nature of NGO involvement in Asset Management processes in response to the newly revised Programme and Project Management (PPM) chapter and also reflect the change to the asset certification process approved by the Senior management as part of the recent business streamlining initiatives.

The updated PP&E section clarifies the nature of NGO involvement in Asset Management processes in response to the newly revised Programme and Project Management (PPM) chapter and also reflect the change to the asset certification process approved by the Senior management as part of the recent business streamlining initiatives.

As per audit recommendations, responsibilities of regional bureaus/regional hubs and BMS have been clarified.

The asset capitalization threshold has increased from $500 to $1500 for UNDP and from $500 to $2500 for UNCDF. Additionally, the required number of years an asset should be depreciated (accounting useful life) has been updated and replacement useful life introduced.​