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.

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