Auxiliary Accounting Michael Lewis – Auxiliary Accounting Anna Jensen – Director of Auxiliary

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Presentation transcript:

Auxiliary Accounting Michael Lewis – Auxiliary Accounting Anna Jensen – Director of Auxiliary

Auxiliary Accounting Dept. Responsibilities: Review approx. 90+ material organizations Approve month-end accrual entries Consult with auxiliary unit fiscal personnel to ensure proper accrual accounting and accurate financial statements Perform a quarterly Variance Analysis of all material auxiliary organizations Maintain the financial reporting tool

Documents Auxiliary Voucher Accrual Voucher (AVAE) –Reverses Adjusting Voucher (AVAD) –Does not reverse Recode Voucher (AVRC) –Acts like an Adjusting Voucher, but used for transactions between accounts

Example Accrual Voucher

Resulting Transactions:

Example Accrual Voucher

Resulting Transactions:

Example Adjusting Voucher

Resulting Transactions:

Example Recode Voucher

Resulting Transactions:

Auxiliary Reports Available Reports: –Income Statement –Balance Sheet –Cashflow Statement