Business Procedures Manual

Fiscal Affairs Division

Section 1 Introduction

(Last Modified on February 25, 2016)

The University System of Georgia (USG) is an organizational unit of the State of Georgia, under the governance of the Board of Regents, engaged in business activities. The USG’s accounting policies conform with accounting principles generally accepted in the United States of America (GAAP) applicable to public colleges and universities engaged in business-type activities as prescribed by the Governmental Accounting Standards Board (GASB) and the State of Georgia’s statutory basis of accounting (Budget Funds) reported in the State of Georgia Budgetary Compliance Report (BCR).

↑ Top