Internal Accounting Transactions 05-06-08

Summary

Accurate, complete, and timely processing of internal accounting transactions is important for supporting reliable financial reporting, complying with Federal and other regulatory requirements, and minimizing correcting transactions. This policy was established to:

  • Clarify the definition of various non-cash related financial transactions entered into the University’s general ledger (PRISM);
  • Comply with Generally Accepted Accounting Principles; and
  • Comply with Federal and other governmental regulations.

Organization

Category: Financial
Section: Accounting and Financial Oversight
Effective Date: March 2016
Last Reviewed: March 2016
Responsible Unit:
Responsible Executive: Senior Vice Chancellor and Chief Financial Officer
Policy Contact:

Procedure(s) and Supporting Documents

Please refer to the policy and/or the policy contact for any accompanying procedures, supporting documents, and/or forms.