Click to review the below policies related to financial processing documents:

FIN-ACC-350: Accrual Accounting

Click the above link to review the Indiana University policy on accrual accounting. This policy outlines accrual accounting, how this impacts departments at Indiana University, and clarifies which method of accounting is required by the AICPA Audit Guide.

FIN-ACC-400: Recharge and Service Center Activity

Click the above link to review the Indiana University policy on recharge and service center activity. This policy outlines the billing requirements for any internal transaction that records income to one university account and expense to another. Review this policy in full to ensure compliance with Federal OMB Uniform Guidance and related federal cost accounting standards.

FIN-ACC-600: Auxiliary Financial Standards

Click the above link to review the Indiana University policy on auxiliary financial standards. This policy outlines the financial requirements for auxiliary organizations. An auxiliary organization is defined within the standard as an organization that exists to provide a service or a good for a fee. This policy applies to both auxiliary units that are allowed to provide services to external entities and make a profit and recharge (service) centers that are required to break even and only provide services to other university units.

FIN-TRE-90: External Agency Agreements

Click the above link to review the Indiana University policy on external agency agreements. The policy outlines the requirements to enter into contract with external agencies. This policy provides guidance and an operating framework for Indiana University (IU) to serve as fiscal agent for certain entities that are external to IU governance, for the purpose of facilitating the mutual achievement of educational, research, and public services purposes and goals.

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 cash efficiency.