Property Accounting

Welcome to Property Accounting


Property, Plant, and Equipment (PP&E) Accounting

Property, Plant, and Equipment (PP&E) accounting includes all phases of financial accounting life cycle as it related to items that exceed the capitalization threshold, including internal-use software (IUS).  The financial accounting life cycle for PP&E includes acquisition/capitalization, depreciation/amortization and accounting, and disposition/retirement.


Please visit the complete Property, Plant, and Equipment (PP&E) and Internal Use Software (IUS) policy.


Construction Work in Progress (CWIP)

Construction Wxork in Progress (CWIP) is a temporary balance sheet account that tracks all costs associated with construction, fabrication, internal use software (SWIP account), and capital equipment purchases.  Costs remain in CWIP until the asset placed in service, which initiated the capitalization and depreciation process. 


A completed Plant and Capital Equipment (PACE) Project Life Cycle Form is required prior to starting and new construction, fabrication, or equipment purchase project that meet the capitalization threshold.


For Internal Use Software Projects please complete Internal Use Software Capitalization Form.


Contact Property Accounting:

Joanne Yeung (x4237)
Juri Korekata (x4753)


Mailing Address:

Property Accounting
Lawrence Berkeley National Laboratory
1 Cyclotron Road, MS: 971-GA
Berkeley, CA 94720-8047