Accounting Services is responsible for internal and external financial reporting including the annual published financial statements. The unit manages ¾Ã²ÝÈȾòÝÊÓƵ-wide audits with the largest being the annual financial statement audit. Accounting Services oversees financial transactions and reconciles all ¾Ã²ÝÈȾòÝÊÓƵ bank accounts, investment accounts and debt transactions. Accounting Services provides assistance and guidance to various ¾Ã²ÝÈȾòÝÊÓƵ departments as they evaluate business transactions, tax issues and debt financing. The unit processes accounts payable transactions for System Administration, ¾Ã²ÝÈȾòÝÊÓƵ Wide Resources, and ¾Ã²ÝÈȾòÝÊÓƵ Bank, approves vendor setup for all campuses, and maintains a capital asset database for System Administration and ¾Ã²ÝÈȾòÝÊÓƵ Wide Resources. In addition, the unit collaborates with campus accounting, budget and payroll offices to design and implement applicable policies and procedures and related internal controls, to ensure compliance with accounting and tax regulations.
Reviewed 2019-08-05