Section: 2210 Tangible Capital Assets – Information Technology

Date: Mar 2010

This new Financial Administration Manual (FAM) Policy was developed to provide specific guidance on the treatment for the acquisition of information technology systems (ITS). Costs related to ITS investments are to be recorded in accordance with PSAB 3150 and in relation to FAM policies 2201 to 2206. This policy was also developed in consultation with the Office of the Chief Information Officer.

Approval of this Policy is within the scope of powers and duties entrusted to the Comptroller General in accordance with Section 12(2) of the Financial Administration Act and FAM Policy 1042, Directive 4.4.

Contact:

Financial Policy
Accounting Services
Department of Finance
Government of the Northwest Territories
Phone: (867) 920-3401
Email: FAM@gov.nt.ca