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ERIC Number: ED219091
Record Type: RIE
Publication Date: 1980-Jun
Pages: 142
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
Illinois Community College Board Uniform Accounting Procedures Manual.
Illinois Community Coll. Board, Springfield.
This manual was designed to provide chief finance officers and other administrators with a summary of laws and policies that relate to Illinois public community colleges and to provide a uniform system for accounting, budgeting, auditing, and reporting in the state's community colleges. After chapter I describes the fiscal philosophies and objectives of the statewide uniform accounting system, chapter II reviews the policies, regulations, and guidelines established by the Illinois Community College Board (ICCB) that deal with local community college finances. Chapter III describes the basic accounting codification system, which provides common numerical codes to identify the major financial transactions by standard classifications of Fund, Program, or Object, Source or Type. Chapter IV sets forth definitions for major accounts and funds and specifies the limitations that are imposed on each. Chapter V establishes the budget elements, procedures, calendar, and form to be used by the colleges in submitting their annual budgets. After chapter VI considers the role and responsibilities of internal auditors and mechanisms for internal financial control, chapter VII considers statutory and ICCB requirements for external independent audits and specifies the elements and procedures of an independent audit. Finally, chapter VIII reviews the ICCB's suggested audit program and its steps. Appendices include definitions of terms and the forms used in the uniform accounting and reporting process. (AYC)
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Illinois Community Coll. Board, Springfield.
Identifiers: Audits; Illinois