Click to review the below policies related to tuition and revenue:

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

Click the link above to review the Indiana University policy on general accounting and financial audit compliance. This policy outlines the accounting principles followed at IU, such as accrual accounting, and explains how these practices impact departments across the university. It helps ensure accurate, consistent, and compliant financial activity in accordance with GAAP, GASB, and the State of Indiana. Additionally, the policy supports compliance with various audit requirements established by the OMB, IRS, and other state, federal, and external entities.

FIN-TRE-81: Collection Agency Placement of Indiana University Accounts

Click the above link to review the Indiana University policy on the collection agency placement of Indiana University accounts. This policy outlines the authority and framework for assigning contracts with collection agencies, provides procedures and reasoning for this policy, and contains definitions related to collection agency agreements. This policy applies to all IU units and employees. Review this policy in full as compliance with this policy helps ensure that all university units desiring collection agencies to assist them with delinquency recovery receive the most economic rates possible and ensures that Indiana University will affiliate itself with agencies that have properly trained staff, adequate liability insurance, adequate bonding, and demonstrated collection performance.

FIN-TRE-110: Accepting Electronic Payments

Click the above link to review the Indiana University policy on accepting electronic payments. This policy provides the necessary guidance to ensure that the university takes advantage of the opportunities electronic payments present while meeting the regulatory requirements, operational challenges, internal controls, and security responsibilities associated with accepting payments electronically. Review this policy for information about the procedures around accepting and processing electronic payments, definitions for common terms surrounding electronic payments, and for information about how this policy impacts different units and employees at IU.