Accounting

Software Accounting Policy (previously Accounting for Internally-Developed Software)

Key Policy Highlights - Download full policy from left sidebar. 

Policy Statement

This policy defines when costs for purchased and internally-developed software or cloud-hosting arrangements must be capitalized at the University.
If direction differs between this policy and external regulations, sponsor or donor terms, or other internal policy or procedures, the more restrictive...

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Lease Accounting Policy

Previously called Accounting for Leases

Policy Statement
This policy establishes accounting treatment for lease agreements and agreements that contain lease components entered into by the University, both as a lessee and as a lessor. The lessee is the party granted use rights of an asset as part of an agreement. The lessor is the owner of the assets identified in the agreement.

There are two types of lease classifications for a lessee: finance and operating. There are three types of leases for a...

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