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

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-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-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.