Review the below information for a list of the current IU Accounting Standards and the respective books they reside within. IU Accounting Standards are the authoritative and comprehensive guidance on accounting and financial reporting at Indiana University. Fiscal Officers should follow these standards to ensure fiscal compliance as prescribed by the Office of the University Controller. Existing Standard Operating Procedures will be incorporated into the IU Accounting Standards as they are reviewed and revised.

Internal Controls and Roles and Responsibilities

• UCO-IRR-1.00 Internal Controls– initially published prior to 1/1/2025
• UCO-IRR-1.01 Financial Process Narrative– initially published prior to 1/1/2025
• UCO-IRR-1.02 Financial Sub-Certification– initially published prior to 1/1/2025
• UCO-IRR-2.00 Constituent Reporting Units– initially published prior to 1/1/2025
• UCO-IRR-2.01 Standard on Standards– initially published prior to 1/1/2025

Accounting and Financial Statements Overview

• UCO-AFO-1.00 Accounting Terminology– initially published prior to 1/1/2025
• UCO-AFO-1.01 Normal Balances– initially published prior to 1/1/2025
• UCO-AFO-1.02 Financial Transaction Substantiation– initially published prior to 1/1/2025
• UCO-AFO-2.00 Accounting Principles– initially published prior to 1/1/2025
• UCO-AFO-3.00 Internal and External Financial Statements– initially published prior to 1/1/2025
• UCO-AFO-3.01 Income Statement– initially published prior to 1/1/2025
• UCO-AFO-3.02 Balance Sheet– initially published prior to 1/1/2025
• UCO-AFO-3.03 Cash Flow Statement– initially published prior to 1/1/2025

Accounting Close

• UCO-CLS-1.00 Accrual Accounting– initially published prior to 1/1/2025
• UCO-CLS-2.00 Balance Sheet Substantiation– initially published prior to 1/1/2025
• UCO-CLS-2.01 Material Transactions Substantiation– initially published prior to 1/1/2025
• UCO-CLS-3.00 Variance Analysis– initially published prior to 1/1/2025
• UCO-CLS-4.00 Account Reconciliation– initially published prior to 1/1/2025

IU Financial Systems Resources

• UCO-SYS-2.00 Transfer of Funds– initially published prior to 1/1/2025
• UCO-SYS-2.01 Distribution of Income and Expense/General Accounting Adjustment– initially published prior to 1/1/2025
• UCO-SYS-2.02 Internal and Service Billing Documents– initially published prior to 1/1/2025
• UCO-SYS-2.03 Accrual Voucher– initially published prior to 1/1/2025

Chart of Accounts and General Ledger

• UCO-COA-1.00 Framework– initially published prior to 1/1/2025
• UCO-COA-1.01 RC, Org, and Account– initially published prior to 1/1/2025
• UCO-COA-1.02 Fund and Sub-Fund Groups– initially published prior to 1/1/2025
• UCO-COA-1.03 Consolidation, Object Levels, and Object Codes– initially published prior to 1/1/2025

Accounting for Assets

• UCO-AST-2.02 Non-Student Accounts Receivable– initially published prior to 1/1/2025

Accounting for Liabilities and Fund Balance

Accounting for Revenue and Receipts

• UCO-REV-9.00 Foreign Source Gifts, Contracts, and Revenue-Producing Activities– initially published prior to 1/1/2025

Accounting for Expenses and Payments

Recharge and Service Center Units

• UCO-RSC-1.00 Rate Submission Requirements for Recharge and Service Centers– initially published prior to 1/1/2025
• UCO-RSC-1.01 Internal and Service Billing Documents– initially published prior to 1/1/2025
• UCO-RSC-2.00 Internal Recharge Activity in Accounts under $100,000 in Internal Revenue– initially published prior to 1/1/2025
• UCO-RSC-3.00 Allocating Costs to Internal and External Activity– initially published prior to 1/1/2025
• UCO-RSC-4.00 Unallowable Expenses for Recharge and Service Centers– initially published prior to 1/1/2025
• UCO-RSC-6.00 Capital Asset Purchases and Allocation of Depreciation on Recharge and Service Center Accounts– initially published prior to 1/1/2025
• UCO-RSC-7.00 Rebate Revenue and Applicable Credits for Recharge and Federal Grants– initially published prior to 1/1/2025