Accrued Liabilities

This portion of the book will provide a framework towards understanding accrued liabilities at Indiana University.

Fall foliage at IU Northwest.
Fall foliage at IU Northwest.

Accrued liabilities represent financial obligations that IU has incurred but has not yet paid. These can include accrued benefits owed to employees, interest on loans, royalties, and other expense accrued over a period but not yet settled. Understanding accrued liabilities is crucial for IU to accurately assess their financial health, manage cash flow effectively, and comply with accounting standards. By recognizing and accounting for these liabilities, IU can ensure transparency in financial reporting and make informed decisions about budgeting and resource allocation.

POLICIES

Review the below policy related to accrued liabilities:

STANDARDS

There are no standards related to this portion of the book at this time. Please check back in the future!

Students relaxing outside on a sunny day at IU Columbus.
Students relaxing outside on a sunny day at IU Columbus.

CHECKLISTS

There are no checklists related to this portion of the book at this time. Please check back in the future!

TRAINING MATERIALS

Review the below training materials related to accrued liabilities:

Image of the outdoor clock at IU Southeast.
Image of the outdoor clock at IU Southeast.

OTHER RELATED MATERIALS

There are no other materials related to this portion of the book at this time. Please check back in the future!

IU Financial SYSTEM REPORTS AND PROCEDURES

Review the below IU financial system reports and procedures related to accrued liabilities:

Jordan Hall is pictured on the Indiana University Bloomington campus.
Jordan Hall is pictured on the Indiana University Bloomington campus.

 

License

Accounting for Liabilities and Fund Balance Copyright © by The Trustees of Indiana University. All Rights Reserved.