Click to review the below policies related to accounts receivable:

FIN-ACC-55: FOREIGN SOURCE GIFTS, CONTRACTS, AND REVENUE-PRODUCING ACTIVITIES

Click the above link to review the Indiana University policy on foreign source gifts, contracts, and revenue-producing activities. This policy assigns departmental responsibility for compliance and establishes procedures for the university to comply with applicable foreign source reporting requirements, including 20 U.S.C. § 1011f (Section 117) and Indiana Code Title 21 Article 49 (SEA 388). This policy outlines the reporting requirements and emphasizes that Indiana University is required to report certain gifts, contracts, revenue-producing activities, and other arrangements with a foreign source if they involve the university, one of its units, or an affiliated organization receiving money, property, or other tangible benefits from a foreign source for the benefit of the university. Review this policy for information about the requirements around accepting and processing tangible items from a foreign source, definitions for common terms surrounding foreign source arrangements, and for information about how this policy impacts different units and employees at IU.

FIN-ACC-460: Depositing of Revenue for the Sale of Goods and Services at the IU Foundation

Click the above link to review the Indiana University policy on the depositing of revenue for the sale of goods and services at the IU Foundation. This policy provides guidelines on when funds generated through the sale of a good or service can be deposited or transferred to the Indiana University Foundation (IUF) from Indiana University (IU), the procedures for transferred funds, the necessary documentation when funds are transferred, how this impacts departments at Indiana University, and explains the importance of adhering to this policy as non-compliance can impact IUF’s tax-exempt status.

FIN-TRE-120: PROCESSING REVENUE

Click the above link to review the Indiana University policy on processing revenue. Review this policy to understand the revenue processing system and the importance of standardizing revenue processing within Indiana University as a means to reduce the risk of fraud and/or loss while increasing the efficiency of its cash.