Financial Statements
GAAP stands for this
Generally Accepted Accounting Principles
Requests for new gift accounts are submitted to this office
Office of Development
The last day of AU's fiscal year
June 30th
This is the written authorization prepared for financial transactions to be posted to the general ledger
General Journal Entry Transaction Form
(JE Form)
The first two digits of a GL account
Fund
This is AU's basis of accounting
Accrual Basis
This office creates Fund 10 revenue and expense accounts
University Budget Office
This is a disbursement made for a future service
Prepaid expense
The form required to deposit funds in Capital One Bank
Departmental Deposit Form
This 5 digit number is used to identify specific activities management wants to separately account for
Project
Assets = Liabilities + Net Assets
The accounting equation
This office is responsible for cash management at AU
Treasury Operations
A cash receipt related to an activity that AU will complete in a future fiscal year
Deferred revenue
This is an examination of the University’s financial statements and accompanying disclosures by an independent auditor
The financial statements audit
This fund is designated for General Operations
Fund 10
These are probable future sacrifices of economic benefits
Liabilities
This position reviews whistleblower reports about finances
Chair of the Audit Committee of the Board of Trustees
An expense incurred this fiscal year but not paid as of year end
Accrued expense
This document lists assets, liabilities, and net assets
Statement of Financial Position
The six digit number used to classify the department and function of the financial activity
Unit
These are categorized depending on existing donor restrictions
Net Assets
The decision making authority for University PCI Compliance
PCI Governance Committee
An amount owed to the University for services that have been rendered prior to year end
Accrued income
This reports the revenues and expenses for a given period
Statement of Activities
This type of account is one whose object code begins with "5"
Expense