IU Financial System Reports and Procedures
Click to review the below IU financial system reports and procedures related to substantiation:
Financial Statements Report and Instructions
The financial statements report is designed to help users obtain quick and easy access to all financial statements. Financial statements are formal records of financial activities and the overall financial position of an entity. There are three major financial statements utilized at Indiana University: the income statement, balance sheet, and cash flow statement. The financial statements report pulls all three of these reports simultaneously. Review the financial statements report instructions prior to running the report. Both the instructions and the report can be found by clicking the below links:
Multi-Year Financial Statements Report and Instructions
The multi-year financial statements report was introduced to help users obtain quick and easy access to historical financial statement information. This report provides users with the ability to summarize and compare income statement and balance sheet balances over multiple years. This will enable users to easily analyze trends and make informed decisions. Review the multi-year financial statements report instructions prior to running the report. Both the instructions and the report can be found by clicking the below links:
Material Transactions Report and Instructions
The material transactions report was introduced to assist units in pulling detailed, non-system-generated transactions with absolute values of $5 million or greater. To ensure the integrity of an entity’s financial position as well as compliance with internal controls and external audit requests, units are responsible for reviewing and substantiating these material transactions. This report allows units to readily identify individual entries at the account line-item level, review transactions for accuracy, and gather supporting documentation. Review the material transactions report instructions prior to running the report. Both the instructions and the report can be found by clicking the below links: