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A-17, Housing and Food Service Operations, Uniform Cost
Accounting System, Description of Contents
August 20, 1970
DESCRIPTION OF CONTENTS
SECTION I - INTRODUCTION
This section covers the objectives of the bulletin,
gives recognition to the need for flexibility and deviations, defines
the responsibility of campus Accounting Officers, and provides some
definitions of basic terms used throughout the bulletin.
SECTION II - MANAGEMENT REPORTS
This section covers the preparation of reports
to assist each level of management in controlling and analyzing costs
and evaluating performance. For each report the following is covered:
who should prepare it, use of the report, frequency and distribution,
and the source of data and method of preparation.
SECTION III - OPERATING PLANS
This section covers the preparation of operating
plans (forecasts) against which all levels of management can measure
performance. It covers the distribution and use of the plans, who
should prepare them and when, and provides guidelines as to the level
of detailed planning advisable.
SECTION IV - CLASSIFICATION OF REVENUE AND COSTS
This section covers an account and object code
structure which provides for the uniform classification of revenue
and costs for current and historical analysis. It covers the required
accounts and codes to be used when recording revenue and costs and
defines the content of each account. It also provides guidelines for
the recording of costs chargeable to more than one account.
SECTION V - ACCOUNTING POLICIES AND PRACTICES
This section covers policies and practices necessary
to properly relate revenue and costs on the Statements of Operations.
It covers the methods to be used in recognizing revenue when the cash
is received in different time periods. It covers requirements for
the accrual of significant costs and for the charging of central administration
costs to individual facilities. It also provides guidelines for the
allocation of facility costs to regular sessions, summer sessions,
and to conferences.
EXHIBITS - Referenced exhibits are located immediately
following the text material in which they are discussed.
*SECTION VI Deleted
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