What does the property administrator (PA) do?

The role of the property administrator (PA) encompasses various responsibilities, but the primary function centers on managing property transactions and ensuring the accuracy of property records. The choice indicating the PA enters non-capitalized property adjustments within Oracle is particularly relevant because it highlights their administrative role in maintaining accurate inventory records.

Non-capitalized property refers to items that do not meet the threshold for capitalization in financial reporting. While the PA may not exclusively handle non-capitalized transactions, keeping these records up to date within a system like Oracle is crucial for effective property management. This ensures that all assets, regardless of their financial classification, are accounted for accurately.

In contrast, managing capitalized property transactions typically involves higher-value assets and may require different protocols and oversight than non-capitalized items. Coordinating sales of surplus property pertains to the disposal and management of property that is no longer needed, which is important but not the main function of a PA. Conducting property audits is essential for accountability and ensuring compliance, but it is more of a review process rather than a primary responsibility of managing records directly. Overall, the PA's focus on adjustments in property records aligns closely with their role in ensuring comprehensive management of the property inventory.