This portion of the book will provide a framework towards understanding accounting and finance at Indiana University. This section of the book focuses on important accounting terminology, normal balances, and financial transaction substantiation requirements. Having a strong understanding of these elements is key to ensuring the accuracy of IU financial statements and compliance with external regulatory requirements.

POLICIES

Review the below policy related to introduction to accounting:

• FIN-ACC-650: Financial Compliance: Authority and Accountability

STANDARDS

Review the below standards related to introduction to accounting:

• UCO-AFO-1.00: Accounting Terminology
• UCO-AFO-1.01: Normal Balances
• UCO-AFO-1.02: Financial Transaction Substantiation

CHECKLISTS

There are no checklists related to this portion of the book at this time. Please check back in the future!

TRAINING MATERIALS

There are no training materials related to this portion of the book at this time. Please check back in the future!

OTHER RELATED MATERIALS

There are no other materials related to this portion of the book at this time. Please check back in the future!

IU Financial SYSTEM REPORTS AND PROCEDURES

Review the below IU financial system procedure related to introduction to accounting:

• Financial Systems Administration Overview