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[[Human Resources|Human Resources]] | [[Safety/Security|Safety/Security]] | [[Research | [[Human Resources|Human Resources]] | [[Safety/Security|Safety/Security]] | [[Research Compliance|Research Compliance]] |[[Compliance|Compliance]] | [[Privacy/Information Security|Privacy/Information Security]] | [[Business Operations|Business Operations]] | | ||
Compliance|Research Compliance]] | [[Compliance|Compliance]] | [[Privacy/Information | |||
Security|Privacy/Information Security]] | [[Business Operations|Business Operations]] | | |||
[[Intellectual Property|Intellectual Property]] | [[Intellectual Property|Intellectual Property]] | ||
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[[General Accounting]] | [[SBIR/STTR Program Participation]] | [[Supplemental Compensation | [[General Accounting]] | [[SBIR/STTR Program Participation]] | [[Supplemental Compensation Plan]] | [[Facilities Management/Planning]] | [[Purchasing]] | [[Public Affairs]] | [[Facility Identification]] | [[Serving Alcoholic Beverages]] | [[Travel and Reimbursement]] | [[State Vehicles]] | [[Reproducing Copyrighted Materials]] | [[Credit Card Processing]] | [[Student Training Agreement]] | [[Non-faculty Volunteers]] | [[Cash Handling]] | [[Fraud]] | [[Assigning Research Lab Space]] | [[Public Research Lab Space]] | [[International Health Education]] | [[Faculty Personnel Records]] | [[Cellular Phone]] | [[Off-campus Graphic Design and Related Printing]] | [[Off-campus Photography]] | [[Tax Exempt Financing and Tracking of Both Qualified Use and Non-Qualified Use of Research Space]] | [[Secondary Logos]] | [[Social Media]] | ||
Plan]] | [[Facilities Management/Planning]] | [[Purchasing]] | [[Public Affairs]] | [[Facility Identification]] | [[Serving Alcoholic Beverages]] | [[Travel and Reimbursement]] | [[State Vehicles]] | [[Reproducing Copyrighted Materials]] | [[Credit Card Processing]] | [[Student Training Agreement]] | [[Non-faculty Volunteers]] | [[Cash Handling]] | [[Fraud]] | [[Assigning Research Lab Space]] | [[Public Research Lab Space]] | [[International Health Education]] | [[Faculty Personnel Records]] | [[Cellular Phone]] | [[Off-campus Graphic Design and Related Printing]] | [[Off-campus Photography]] | [[Tax Exempt Financing and Tracking of Both Qualified Use and Non-Qualified Use of Research Space]] | [[Secondary Logos]] | [[Social Media]] | |||
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POLICY NO: '''3000'''<br /> | POLICY NO: '''3000'''<br /> | ||
EFFECTIVE DATE: '''10/25/02'''<br /> | EFFECTIVE DATE: '''10/25/02'''<br /> | ||
REVISED DATE: '''10/25/02'''<br /> | REVISED DATE: '''10/25/02'''<br /> | ||
REVIEWED DATE: 10/25/02<br /> | REVIEWED DATE: 10/25/02<br /> | ||
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<big>'''General Accounting Policy'''</big><br /><br /> | <big>'''General Accounting Policy'''</big><br /><br /> | ||
== Basis for Accounting Policy == | == Basis for Accounting Policy == | ||
Accounting is the means through which financial data necessary for the efficient administration of our university is recorded, classified and reported. Our financial management system must meet the dual requirements of our institution while still being governed by the principles and concepts of institutional accounting and finance. These generally accepted accounting principles (GAAP) have developed over time and gained acceptance throughout our industry allowing the consistent presentation of financial results and comparability to other institutions. Many of our policies currently in practice today are today taken from the "Fundamental Concepts" from the latest edition of College and University Business Administration as well as the basic principles and changes mandated by the [http://www.aicpa.org/Pages/Default.aspx AICPA] Audit Guide, Federal Regulations of the [http://www.whitehouse.gov/omb/ Office of Management] (OMB) Circulars [http://www.whitehouse.gov/omb/circulars/a021/a021.html A-21], [http://www.whitehouse.gov/omb/circulars_a110 A-110] and [http://www.whitehouse.gov/omb/circulars_a133 A-133] along with the [http://www.unicam.state.ne.us/laws/index.htm statutes] of the [http://www.nol.org/ State of Nebraska] comprise the basic accounting policies currently driving the operation of our financial management system. | Accounting is the means through which financial data necessary for the efficient administration of our university is recorded, classified and reported. Our financial management system must meet the dual requirements of our institution while still being governed by the principles and concepts of institutional accounting and finance. These generally accepted accounting principles (GAAP) have developed over time and gained acceptance throughout our industry allowing the consistent presentation of financial results and comparability to other institutions. Many of our policies currently in practice today are today taken from the "Fundamental Concepts" from the latest edition of College and University Business Administration as well as the basic principles and changes mandated by the [http://www.aicpa.org/Pages/Default.aspx AICPA] Audit Guide, Federal Regulations of the [http://www.whitehouse.gov/omb/ Office of Management] (OMB) Circulars [http://www.whitehouse.gov/omb/circulars/a021/a021.html A-21], [http://www.whitehouse.gov/omb/circulars_a110 A-110] and [http://www.whitehouse.gov/omb/circulars_a133 A-133] along with the [http://www.unicam.state.ne.us/laws/index.htm statutes] of the [http://www.nol.org/ State of Nebraska] comprise the basic accounting policies currently driving the operation of our financial management system. | ||
Various legal and regulatory bodies have required special treatment for some accounting transactions. Listed below are these transaction types requiring special handling.<br /> | Various legal and regulatory bodies have required special treatment for some accounting transactions. Listed below are these transaction types requiring special handling.<br /> | ||
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If equipment will be housed off-campus for more than 30 consecutive days, a letter signed by the department head authorizing the employee’s use of the equipment should be sent to General Accounting. All equipment items must have the UNMC equipment tag placed on the equipment before it leaves the campus and this number should be included on the authorizing letter sent to [http://info.unmc.edu/dept/accounting/ General Accounting]. | If equipment will be housed off-campus for more than 30 consecutive days, a letter signed by the department head authorizing the employee’s use of the equipment should be sent to General Accounting. All equipment items must have the UNMC equipment tag placed on the equipment before it leaves the campus and this number should be included on the authorizing letter sent to [http://info.unmc.edu/dept/accounting/ General Accounting]. | ||
This policy does not apply to vehicles, communication equipment, or other types of equipment where the normal use necessitates an off-campus location. | This policy does not apply to vehicles, communication equipment, or other types of equipment where the normal use necessitates an off-campus location. | ||
Sale of equipment by public sales, auctions, or by sealed bid shall be conducted according to the procedures of the Medical Center. UNMC employees, staff, or faculty shall not receive any special consideration. Disposition of all surplus equipment shall be the responsibility of the Manager of [http://info.unmc.edu/dept/procurement/ General Supply/Furniture Stores] and must be coordinated with the appropriate director or department head.<br /> | Sale of equipment by public sales, auctions, or by sealed bid shall be conducted according to the procedures of the Medical Center. UNMC employees, staff, or faculty shall not receive any special consideration. Disposition of all surplus equipment shall be the responsibility of the Manager of [http://info.unmc.edu/dept/procurement/ General Supply/Furniture Stores] and must be coordinated with the appropriate director or department head.<br /> | ||
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For additional information or clarification, please see the [http://info.unmc.edu/dept/accounting/ Accounting Informational Manual] or contact [http://info.unmc.edu/dept/accounting/ General Accounting]. | For additional information or clarification, please see the [http://info.unmc.edu/dept/accounting/ Accounting Informational Manual] or contact [http://info.unmc.edu/dept/accounting/ General Accounting]. | ||
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This page maintained by [mailto:dpanowic@unmc.edu dkp]. | This page maintained by [mailto:dpanowic@unmc.edu dkp]. | ||