1. In order to obtain new assets, a purchase requisition form is completed and approved by the manager at each college. 2. The requisition is sent to head office, where the purchasing officer checks the requisition for approval and completes a purchase order for the new asset. 3. Assets costing more than $5000 are approved by the financial accountant. All assets over $20000 require board approval. 4. The purchase order is then sent to the supplier and a copy is sent to the central store at the head office location. 5. The asset is received by the central store where the receiving clerk checks that all the asset details agree with those on the receiving report and the copy of the purchase order. The receiving clerk