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.