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Property, Plant and Equipment | Acquisition and Maintenance (Furniture and Equipment) | Depreciation, Reconciliations Reports and Centralized Functions (Furniture and Equipment) | Disposal and Write-Off (Furniture and Equipment) | Acquisition and Maintenance (Plant and Property) | Depreciation, Reconciliations Reports and Centralized Functions (Plant and Property) | Disposal and Write-Off (Plant and Property) | Acquisition and Maintenance (Leasehold Improvements) | Depreciation, Reconciliations Reports and Centralized Functions (Leasehold Improvements) | Disposal and Write-Off (Leasehold Improvements) | Corporate Purchasing Card | Type of Leases and Treatment in UNDP Books | Acquisition, Renewal and Termination of Premise Leases | Equipment Leases | Developing a Business Case for Local Presence | Clearing a Local Presence | Setting Up a Local Presence | Closing a Local Presence | Authorizing Official Business Travel | UN Travel Documents and National Passport | Route, Mode of Transportation, and Standard of Accommodation | Visas at Headquarters (New York) | Vehicle Management

Property, Plant and Equipment | Acquisition and Maintenance (Furniture and Equipment) | Depreciation, Reconciliations Reports and Centralized Functions (Furniture and Equipment) | Disposal and Write-Off (Furniture and Equipment) | Acquisition and Maintenance (Plant and Property) | Depreciation, Reconciliations Reports and Centralized Functions (Plant and Property) | Disposal and Write-Off (Plant and Property) | Acquisition and Maintenance (Leasehold Improvements) | Depreciation, Reconciliations Reports and Centralized Functions (Leasehold Improvements) | Disposal and Write-Off (Leasehold Improvements) | Corporate Purchasing Card | Type of Leases and Treatment in UNDP Books | Acquisition, Renewal and Termination of Premise Leases | Equipment Leases | Developing a Business Case for Local Presence | Clearing a Local Presence | Setting Up a Local Presence | Closing a Local Presence | Authorizing Official Business Travel | UN Travel Documents and National Passport | Route, Mode of Transportation, and Standard of Accommodation | Visas at Headquarters (New York) | Vehicle Management

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9 January 2023

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 ...

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 Centralized Functions (Plant and Property)Disposal and Write-Off (Plant and Property) Leasehold Improvements Acquisition and Maintenance (Leasehold Improvements) Depreciation, Reconciliations Reports and Centralized Functions (Leasehold Improvements) Disposal and Write-Off (Leasehold Improvements) Corporate Purchasing Card Corporate Purchasing Card Lease Management (Premises and Equipment) Type of Leases and Treatment in UNDP Books Acquisition, Renewal and Termination of Premise Leases Equipment Leases Management of Local Presences Developing a Business Case for Local Presence Clearing a Local Presence Setting Up a Local PresenceClosing a Local Presence Duty TravelAuthorizing Official Business TravelPost travelUN Travel Documents and National Passport (policy and procedures)Route, Mode of Transportation, and Standard of AccommodationVisas at Headquarters (New York) (policy and procedures) Vehicle ManagementVehicle Management

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Property, Plant and Equipment | Acquisition and Maintenance (Furniture and Equipment) | Depreciation, Reconciliations Reports and Centralized Functions (Furniture and Equipment) | Disposal and Write-Off (Furniture and Equipment) | Acquisition and Maintenance (Plant and Property) | Depreciation, Reconciliations Reports and Centralized Functions (Plant and Property) | Disposal and Write-Off (Plant and Property) | Acquisition and Maintenance (Leasehold Improvements) | Depreciation, Reconciliations Reports and Centralized Functions (Leasehold Improvements) | Disposal and Write-Off (Leasehold Improvements) | Intangible Assets: Acquisition, Development and Maintenance | Intangible Assets : Amortizations, Reconciliations, Reports and Centralized Functions | Intangible Assets: Disposal and Write-Off | Developing a Business Case for Local Presence | Clearing a Local Presence | Setting Up a Local Presence | Closing a Local Presence

Property, Plant and Equipment | Acquisition and Maintenance (Furniture and Equipment) | Depreciation, Reconciliations Reports and Centralized Functions (Furniture and Equipment) | Disposal and Write-Off (Furniture and Equipment) | Acquisition and Maintenance (Plant and Property) | Depreciation, Reconciliations Reports and Centralized Functions (Plant and Property) | Disposal and Write-Off (Plant and Property) | Acquisition and Maintenance (Leasehold Improvements) | Depreciation, Reconciliations Reports and Centralized Functions (Leasehold Improvements) | Disposal and Write-Off (Leasehold Improvements) | Intangible Assets: Acquisition, Development and Maintenance | Intangible Assets : Amortizations, Reconciliations, Reports and Centralized Functions | Intangible Assets: Disposal and Write-Off | Developing a Business Case for Local Presence | Clearing a Local Presence | Setting Up a Local Presence | Closing a Local Presence

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11 February 2021

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 ...

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 Improvements)Depreciation, Reconciliations Reports and Centralized Functions (Leasehold Improvements) Disposal and Write-Off (Leasehold Improvements) Acquisition, Development and Maintenance (Intangible Assets) Amortizations, Reconciliations, Reports and Centralized Functions (Intangible Assets) Disposal and Write-Off (Intangible Assets)Developing a Business Case for Local PresencesClearing a Local PresenceSetting up a Local PresenceClosing a Local Presence

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Property, Plant and Equipment | Disposal and Write-Off (Furniture and Equipment) | Disposal and Write-Off (Plant and Property)

Property, Plant and Equipment | Disposal and Write-Off (Furniture and Equipment) | Disposal and Write-Off (Plant and Property)

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7 February 2020

Property, Plant and Equipment | Furniture and Equipment | Plant and Property

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 ...

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 increased from US $2,500 to US $5,000. Clauses 2, 4, 5, 15, 17, 19 and 22 of the policy have been updated accordingly. 2.Furniture and Equipment: Acquisition and Maintenance The following clauses have been amended accordingly: 3, 5-7; 14; 35-37; 41, 43, 46, 48; 73 and 83. 3.Plant and Property: Acquisition and Maintenance The following clauses have been amended accordingly: 1, 3, 5 and 21 4.Plant and Property: Disposal and Write-Off The Asset Disposal Authority has increased from US $2,500 to US $5,000. Clause 4 has been updated accordingly. 5.Furniture and Equipment: Property, Plant and Equipment (PPandE) The following clauses have been amended accordingly: 1, 4, and 5

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Property, Plant and Equipment

22 February 2017

Property, Plant and Equipment

To adjust the changes on Furniture and Equipment: Acquisition and Maintenance policy which were made in Feb 2017 based on the audit recommendation, the following descriptions on Assets and closure of projects were added for clarification purpose.Assets and closure of projectsNo asset should be left in the closed project. Project cannot be closed if it has not completed disposal or transfer of its assets. Well in advance of the project closure, project management should identify assets disposal methods taking into consideration respective provisions of the project document, UNDP Policy as ...

To adjust the changes on Furniture and Equipment: Acquisition and Maintenance policy which were made in Feb 2017 based on the audit recommendation, the following descriptions on Assets and closure of projects were added for clarification purpose.

Assets and closure of projects

No asset should be left in the closed project. Project cannot be closed if it has not completed disposal or transfer of its assets.
Well in advance of the project closure, project management should identify assets disposal methods taking into consideration respective provisions of the project document, UNDP Policy as well as local circumstances.
Assets disposal methods, requirements and procedures are described in details in the Disposal policy.

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Property, Plant and Equipment | Depreciation, Reconciliations Reports and Centralized Functions (Furniture and Equipment)

Property, Plant and Equipment | Depreciation, Reconciliations Reports and Centralized Functions (Furniture and Equipment)

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3 October 2014

Property, Plant and Equipment | Furniture and Equipment

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.

Property, Plant and Equipment

19 April 2013

Property, Plant and Equipment

The threshold on the corporate purchasing card has been increased from $2500 to $5000, excluding expenditures for PPE. Regarding furniture and equipment, UNDSS assets are no longer recorded as UNDP Assets and only UNDP’s share of assets purchased under common service arrangements will be recorded in UNDP’s books. The procurement catalogue provides guidance to ensure appropriate recording.

Property, Plant and Equipment

24 February 2011

Property, Plant and Equipment

Assets Management section of Administrative Support Services chapter has been updated with the Project Assets Management. The process establishes procedures and systems to ensure compliance with the UNDP Financial Rules and Regulations and to ensure accurate reporting of all non-expendable (fixed) project assets. As stated in the UNDP Financial Regulations and Rules, the management of fixed assets includes all actions necessary for the acquisition and receipt, custody, maintenance and disposal of non-expendable assets which are controlled and safeguarded by UNDP. This includes the timely ...

Assets Management section of Administrative Support Services chapter has been updated with the Project Assets Management. The process establishes procedures and systems to ensure compliance with the UNDP Financial Rules and Regulations and to ensure accurate reporting of all non-expendable (fixed) project assets. As stated in the UNDP Financial Regulations and Rules, the management of fixed assets includes all actions necessary for the acquisition and receipt, custody, maintenance and disposal of non-expendable assets which are controlled and safeguarded by UNDP. This includes the timely and proper location, tracking and record-keeping of all related transactions. The compliance with the procedures is an auditable requirement.

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