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Balance Sheet Substantiation/Backup - This section discusses the elements of the balance sheet substantiation document and how it is used internally within Indiana University. Information presented in this section walks through what balance sheet substantiation is, how to complete the balance sheet substantiation procedure, and requirements and best practices related to this process.
Variance Analysis - This section discusses what a variance analysis is and how it is used internally within Indiana University. This section helps users and entities throughout the University analyze variances correctly to ensure that management knows the root causes of the variances present within the financial statements.
Accruals - Accrual accounting attempts to match the revenues an entity has earned in a period with the expenses that were incurred to generate the revenue. An accrual refers to an entry made in the books of accounts related to the recording of revenue or expense paid without any exchange of cash. This section discusses a general understanding of accruals, how they impact the income statement and balance sheet, and how they are recorded within Indiana University.