Click to review the below policy related to accrual accounting:

FIN-ACC-350: General Accounting and Financial Audit Compliance

Click the above link to review the Indiana University policy on general accounting and financial audit compliance. This policy is in place to ensure accurate, consistent compliant financial activity in accordance with GAAP, GASB, and the State of Indiana. Additionally, to ensure compliance with various audit requirements established by OMB, IRS, and other state, federal, and external entities, as applicable.