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9 January 2023

Property, Plant and Equipment | Furniture and Equipment | Plant and Property | Leasehold Improvements | Corporate Purchasing Card | Lease Management (Premises and Equipment) | Establishing UNDP-supported presence outside a country office | Management of Local Presences | Duty Travel | Travel Requirements | Vehicle Management

The following policies have been updated to reflect UNDP’s transition to its new cloud-based management platform Quantum in January 2023, replacing its previous ATLAS system. Asset Management - Property, Plant and EquipmentAsset Management Property Plant Equipment PPE Furniture and EquipmentAcquisition and Maintenance (Furniture and Equipment)Depreciation, Reconciliations Reports and Centralized Functions (Furniture and Equipment)Disposal and Write-Off (Furniture and Equipment) Plant and PropertyAcquisition and Maintenance (Plant and Property)Depreciation, Reconciliations Reports and Centra ...

11 February 2021

Property, Plant and Equipment | Furniture and Equipment | Plant and Property | Leasehold Improvements | Intangible Assets | Establishing UNDP-supported presence outside a country office | Management of Local Presences

The following policies are now available in Spanish. To access the content, click on the Spanish language tab of the respective policy page: Property, Plant and Equipment (PP&E) Acquisition and Maintenance (Furniture and Equipment)Depreciation, Reconciliations Reports and Centralized Functions (Furniture and Equipment)Disposal and Write-Off (Furniture and Equipment)Acquisition and and Maintenance (Plant and Property) Disposal and Write-Off (Plant and Property) Depreciation, Reconciliations Reports and Centralized Functions (Plant and Property) Acquisition and Maintenance (Leasehold Improvement ...

UNDP has changed its asset capitalization threshold from US $1,500 to US $5,000. This policy change will significantly reduce the volume (i.e. quantity) of assets in the asset register thereby allowing UNDP to focus attention on higher value items. The change in policy should also result in a more effective verification and certification process.   UNDP has updated the following policies to reflect the changed asset capitalization threshold: 1.Furniture and Equipment: Disposal and Write-Off The following clause has been amended accordingly: 40 Additionally, the Asset Disposal Authority has inc ...

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.​