Product
Asset Management System
MOVABLE ASSET
Movable Assets means assets or equipment which can be moved or removed from one place to another easily including Movable Assets supplied together with the preparation of the building or other infrastructure.
CAPITAL ASSET
Movable Assets with an original acquisition price of RM 2,000 (Ringgit Malaysia Two Thousand) or more per unit.
CAPITAL PROPERTIES
Movable Assets whose original acquisition price is less than RM 2,000 (Ringgit Malaysia Two Thousand) per unit.
ACCEPTANCE
Assets received should be carefully inspected to ensure that the assets meet the specified specifications.
REGISTRATION
Assets received through purchase, hire purchase, through gift, transfer and through legal process or agreement must be registered.
USE, STORAGE AND INSPECTION
Records of use, storage and periodic inspection of assets that have been registered.
MAINTENANCE
Identify and manage Movable Assets that require maintenance
TRANSFER
The process for transferring ownership of Movable Assets between a Federal Government Agency and another Federal Government Agency
DISPOSAL
The process of recording and managing asset’s disposal as stated in the circular.
WRITE-OFF
The process of recording and managing assets that is lost for as stated in the circular.