FINANCIAL REPORTING POLICIES - Division of (财务报告的政策部门).pdf
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Financial Policy Manual
FINANCIAL REPORTING POLICIES
1401 Annual Closing/Financial Statements
1402 Monthly Closings/Reporting
1403 Financial Reporting to Outside Agencies
Page 1
Financial Policy Manual
1401 ANNUAL CLOSING/FINANCIAL STATEMENTS
SUBJECT: FINANCIAL R EPORTING
TITLE: ANNUAL CLOSING/FINANCIAL STATEMENTS
EFFECTIVE: DECEMBER 1986
REVISED: APRIL 2011
LAST REVIEWED: APRIL 2017
RESPONSIBLE OFFICE: COMPTROLLER
APPROVAL: COMPTROLLE R
PURPOSE
To provide information on the Universitys financial operation to management, Trustees, and other interested
parties.
POLICY
1. The Office of the Comptroller is responsible for:
A. Establishing and coordinating the annual financial closing and related audit with the Universitys
independent Certified Public Accountant;
B. Establishing all closing schedules in consultation with the Hospital, CPUP and any other related
entities of the University to ensure that the financial statements are completed by August 31 of each
year; and
C. Preparing the financial statements in accordance with Generally Accepted Accounting Principles for
Colleges and Universities as promulgated by the most recent AICPA audit guide.
2. The annual financial statements include the Universitys Educational, General and Health Services
activities, and those of its subsidiaries as part of the Universitys operations.
3. The financial statements shall be subject to annual audit by the Universitys independent Certified Public
Accountant as appointed annually by the University Trustees.
4. The annual financial report will be submitted to the Trustees of the University for approval at the Fal
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