FINANCIAL AFFAIRS Fax: (301) 445-2761 The University System of Maryland has established the following System-Wide accounting practices: Debt accounting process accounting guide Accounting for student accounts receivable for instructional sessions not yet started Calculation of current/non-current portion of accrued leave liability Preparation of interim financial statements Classification of operating and nonoperating revenues Valuation of investments not traded on recognized securities markets Reconciliation of detail records and balances to control totals Financial reporting and valuation of Accounts Receivable
