Dec 05, 2021  
DMACC Policies and Procedures 
    
DMACC Policies and Procedures
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BS701 - Financial Accounting


Policy

Section: Business Services

The College shall comply with Generally Accepted Accounting Principles (GAAP) promulgated by state, federal and professional accounting organizations with the appropriate jurisdiction. The expenditure of public funds shall meet the public purpose and reasonableness standards to be incurred for College business.

Legal Reference:
Iowa Code 260C.35

Cross Reference:
Procedure BS5702 - Accounting System Mandates  

Procedure BS5707 - New General Ledger Accounts or Indexes  

Procedure BS5715 - Transfer of receipts or disbursements between accounts or indexes  

Procedure BS5725 - Monthly Accounting Cut-Offs  

Procedure BS5818 - Petty Cash and Change Funds  

Adopted: June 17, 1986
Reviewed: 2005, 2020

Revised:
January 10, 2000

August 8, 2005

April 12, 2010

December 2019



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