FINANCIAL REPORTING POLICIES - Division of （财务报告的政策部门）.pdf

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