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
• UCO-IRR-1.01 Financial Process Narrative
• UCO-IRR-1.02 Financial Sub-Certification
• UCO-IRR-2.00 Constituent Reporting Units
• UCO-IRR-2.01 Standard on Standards

Accounting and Financial Statements Overview

• UCO-AFO-1.00 Accounting Terminology
• UCO-AFO-1.01 Normal Balances
• UCO-AFO-1.02 Financial Transaction Substantiation
• UCO-AFO-2.00 Accounting Principles
• UCO-AFO-3.00 Internal and External Financial Statements
• UCO-AFO-3.01 Income Statement
• UCO-AFO-3.02 Balance Sheet
• UCO-AFO-3.03 Cash Flow Statement

Accounting Close

• UCO-CLS-1.00 Accrual Accounting
• UCO-CLS-2.00 Balance Sheet Substantiation
• UCO-CLS-2.01 Material Transactions Substantiation
• UCO-CLS-3.00 Variance Analysis
• UCO-CLS-4.00 Account Reconciliation

IU Financial Systems Resources

• UCO-SYS-2.00 Transfer of Funds
• UCO-SYS-2.01 Distribution of Income and Expense/General Accounting Adjustment
• UCO-SYS-2.02 Internal and Service Billing Documents
• UCO-SYS-2.03 Accrual Voucher

Chart of Accounts and General Ledger

• UCO-COA-1.00 Framework
• UCO-COA-1.01 RC, Org, and Account
• UCO-COA-1.02 Fund and Sub-Fund Groups
• UCO-COA-1.03 Consolidation, Object Levels, and Object Codes

Accounting for Assets

• UCO-AST-2.02 Non-Student Accounts Receivable

Accounting for Liabilities and Fund Balance

Accounting for Revenue and Receipts

• UCO-REV-9.00 Foreign Source Gifts, Contracts, and Revenue-Producing Activities

Accounting for Expenses and Payments

Recharge and Service Center Units

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