Title: Effective Date: November 2015 Responsible Office: Financial Operations Last Updated: March 14, 2025 William & Mary Accounting Policies & Procedures follows the guidelines set forth by the ...

All equipment acquired or controlled by the University will be subject to the General Property Accounting Procedures. In addition to the General Property Accounting Procedures, the Property Accounting ...

When a business wants to financially thrive and retain or improve its position in the marketplace, its owner or management team develops sound accounting policies and procedures. Even small businesses ...

Accounting and auditing procedures are the steps that accountants and auditors follow when performing their respective tasks. Although accounting is about recording business transactions into ...

The Non-Compensation Approval Authorization Policy supersedes the Signature Authorization Policy. This policy sets out the approval authorizations and procedures required for processing financial ...

The University has a stewardship responsibility for all externally sponsored funds. Proper management of sponsored project expenditures is essential to meet this obligation. Therefore, The Cost ...

If the project is awarded and the cost share accepted by the sponsor, one or more grant cost share worktags will be created by Sponsored Projects to account for cost shared expenses that can be ...

The IRS has issued new guidance on automatic accounting method changes. Revenue Procedure 2009-39 provides certain additions, modifications and clarifications to Revenue Procedures 2008-52 and 97-27 ...

The IRS on Thursday updated the list of accounting method changes to which automatic change procedures apply (Rev. Proc. 2021-34). Generally, unless otherwise provided, a taxpayer must secure the ...

Upon acceptance of federal agreements the University becomes directly responsible for and accountable for all government property in accordance with the provisions of these agreements. The ...

The Internal Revenue Service is proposing procedures for how a taxpayer can ask for automatic consent to change an accounting method in preparation for the Financial Accounting Standards Board’s new ...

An audit by the Government Accountability Office of the Securities and Exchanges Commission’s Investor Protection Fund financial statements for fiscal years 2011 and 2012 found two areas of ...