Read or review the financial statements to verify footnote disclosure of:
Departments may used the KSU Accounts Receivable Report form or some other reporting tool or software of their choice. This monthly report is to be maintained in the department. Do not include receivables due from other university departments. The Division of Financial Services will handle the accounts receivable reporting procedures for sponsored projects and receivables being reported in KSIS.
Thus, departments should not include these receivables in their reports. The KSU Accounts Receivable form and instructions are available by clicking on one of the following documents: Departments or colleges that place holds on a student's academic records should note the following: Any hold or removal of a hold is to be posted to KSIS by the originating department or college.
Departments are responsible for timely removal of any hold, which they have placed on a student's academic record. KSU departments are to contact the Registrar's Office with questions concerning procedures for placing a hold on a student's academic record.
The Registrar's Office will train departments in placing holds on student's academic record. These lists do not include delinquent dollar amount. The Registrar's Office distributes to each department a list of students whose hold is in override status immediately following early enrollment.
If a department does not want a student's academic record cleared, the department is responsible for reactivating the hold.
The Division of Financial Services will contact the department to determine which account is to receive the payment and from which account the collection assistance fee is to be paid, and will then send a record of each of these transactions to the department for recording and filing.
The department has complied with. The department has received notification in writing from the Division of Financial Services that the account to be written off has been returned by the collection agency.
A list showing each debtor's social security or tax identification number, the debtor's name, the dollar amount due and the basis for determining the account to be uncollectible.
The total dollar amount to be written off. The total number of accounts to be written off. All requests to write-off accounts as uncollectible are submitted to the Division of Accounts and Reports.
These accounts are not to be included on the monthly accounts receivable reports after receiving the notification. All state agency accounts receivable which have been approved for write-off by the Director of Accounts and Reports become assigned to the State.
This account has been approved for write-off and thus transferred to the Department of Administration in accordance with K. The law also authorizes the Director of Accounts and Reports to attempt to collect the accounts which have been written off and thus assigned to the Director.
Each department is to provide the same assistance for these written off and assigned accounts as they do for other accounts placed in the setoff program, including answering general debtor inquiries concerning the accounts and participation in any appeal resolution hearings or litigation.
Pursuant to the Federal Trade Commission's Red Flags Rule the following guidelines are offered to assist in the identification of risks associated with extending credit or establishing account receivables for customers.
A "Red Flag" is a pattern, practice, or specific activity that indicates the possible existence of identity theft. A "Covered Account" includes all customer accounts or loans that are administered by the University.
In order to identify relevant Red Flags, the University should consider the types of accounts that it offers and maintains, the methods it provides to open its accounts, the methods it provides to access its accounts, and its previous experiences with identity theft. Please consider the following as potential Red Flags in each of the listed categories: Notifications and Warnings from Credit Reporting Agencies 1.
Report of fraud accompanying a credit report; 2. Notice or report from a credit agency of a credit freeze on an applicant; 3.
Notice or report from a credit agency of an active duty alert for an applicant; 4. Receipt of a notice of address discrepancy in response to a credit report request; and 5. Indication from a credit report of activity that is inconsistent with an applicant's usual pattern or activity.Accounting Lessons You'll Master - Learn accounting by watching curated videos for all levels of accounting.
Statement No. (Superseded) The FASB Accounting Standards Codification ® and the Hierarchy of Generally Accepted Accounting Principles—a replacement of FASB Statement No. (Issue Date 06/09) Statement No.
(Superseded) Amendments to FASB Interpretation No. 46(R) (Issue Date 06/09) Statement No. (Superseded) Accounting for Transfers of Financial Assets—an amendment of FASB. Automatic change procedures.
Unless otherwise provided in published guidance, you must file under the automatic change procedures if you are eligible to request consent to make a change in your method of accounting under the automatic change procedures for the requested year of change.
See the instructions for Part I later, and the List of Automatic Changes. Oracle Receivables User Guide Release Part Number E Next: Oracle Receivables User Guide Determining Exchange Rates Receivables Tables Accounting for Receivables. Opening and Closing Accounting Periods Accounting in Receivables.
1 Whether a security was issued for nominal consideration should be determined based on facts and circumstances.
The consideration the entity receives for the issuance should be compared to the security’s fair value to determine whether the consideration is nominal.
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