Financial Systems Policy

Screenshot of the first page of Financial Systems Policy

This policy outlines procedures for the development, implementation, enhancement and maintenance of financial systems.

Some of the financial systems addressed in this policy include: (1) general ledger system, which includes profit/loss reporting and analysis, balance sheet reporting, budget, forecasting, external financial reporting, and income tax; (2) purchasing system, including materials controls and accounts payable; (3) accounts payable systems, which interface with the areas of purchasing, freight payment and cash management; (4) payroll systems, including hourly, salaried and pension payrolls; (5) fixed asset systems, which interface with the areas of capital tracking and construction-in-progress; etc.

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