Click to review the below policies related to unearned revenue:

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-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 the efficiency of its cash.