IU Accounting Standards
Welcome to the UCO bookshelf! Check out our books for relevant standards and resources centered around the below topics. IU Accounting Standards are the authoritative and comprehensive guidance on accounting and financial reporting at Indiana University. Fiscal Officers should follow these standards to ensure fiscal compliance as prescribed by the Office of the University Controller. This helps to ensure everything is done by the book. Existing Standard Operating Procedures will be incorporated into the IU Accounting Standards as they are reviewed and revised.
Search Accounting Standards Pressbooks:
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Table of Contents
This book contains a list of the current IU Accounting Standards and the respective books they reside within
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Internal Controls and Roles & Responsibilities
Understanding internal controls, an effective financial control environment, and the roles and responsibilities of fiscal compliance at Indiana University
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Accounting and Financial Statements Overview
Overview of accounting terminology, accounting principles, financial statements, and the impact financial statements have within regular operations
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Accounting Close
Overview of both the interim and year-end closing process
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IU Financial Systems Resources
Guidance on the proper usage of documents as well as general information, requirements, and best practices associated with each document
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Chart of Accounts and General Ledger
Overview of the various components of the chart of accounts at Indiana University
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Accounting for Assets
How to properly account for the main assets listed on the balance sheet
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Accounting for Liabilities and Fund Balance
Under Construction: How to properly account for the main liabilities listed on the balance sheet
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Accounting for Revenue and Receipts
How and when to account for revenue and how to record receipts from donors, suppliers, students, government organizations and more
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Accounting for Expense and Payments
How and when to account for expenses and how to make payments related to employees, students, suppliers, travel, hospitality and more
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Recharge and Service Center Units
How to properly account and record the sale of goods and services to both external and internal customers; as well as associated inventory, taxes and accruals
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Taxes
A comprehensive overview of taxes at Indiana University, including relevant standards, regulations, and best practices that govern tax withholding, reporting, and compliance.
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Payroll
Guidance on payroll and related procedures