INVESTMENT PROPERTY LEDGER CARD
(IPLC)
INSTRUCTIONS
A. The IPLC shall be maintained by the Accounting Division/Unit for each class of investment
property. The Accounting Staff in charge of maintaining this ledger shall record promptly the
acquisition, description, custody, estimated life, depreciation, impairment, disposal, repair history
and other information about the property. It shall be prepared by fund cluster.
B. This ledger shall be accomplished as follows:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
Entity Name – name of the agency/entity
Fund Cluster – the fund cluster name/code in accordance with the UACS
Investment Property – name of the investment property
Description – description of the investment property
UACS Object Code – object code in accordance with the UACS
Estimated Useful Life – estimated period over which the investment property is expected
to be available for use by the entity
Rate of depreciation – rate of depreciation per month to be recorded in the books of
accounts depending on the date of acquisition; that is during the month, if acquired on or
before the 15th day of the month or ensuing month, if acquired after the 15th day of the
month. It shall be computed using the straight-line method of depreciation.
Date – date of acquisition, recognition of depreciation/impairment, or disposal
Reference – reference document used as a basis in recording the acquisition, recognition of
depreciation/impairment, or disposal of the investment property
Acquisition-Qty. – quantity of the investment property received based on source
documents
Acquisition-Cost/Fair Value per Unit – cost/fair value per unit of the investment property
Acquisition-Total Cost/Fair Value – total cost/fair value of the investment property (Qty.
x Cost/Fair Value per Unit)
Accumulated Depreciation – the amount of depreciation charged to the investment
property
Accumulated Impairment Loss – the amount of impairment loss charged to the
investment property
Carrying Amount – the difference between the total cost/fair value of the investment
property less the accumulated depreciation, impairment loss or adjustments, if any
Disposal – amount of investment property disposed
Remarks – important information, observation or comment about the investment property
C. The IPLC shall be reconciled with the inventory of the asset and the control accounts and any
discrepancies shall be immediately verified and adjusted.
168