Wayne State University

Aim Higher

Old Main

1.5.1 Monthly Accounting Reports

DESCRIPTION

The scheduled Monthly Accounting Reports are produced by the Financial Accounting System (FAS). A listing of these reports and their descriptions is provided in the FAS User's Manual.

POLICY

The responsibility for the financial management of an account is placed on the Dean/Director and the Principal Investigator. The Accounting Reports do not relieve them of their responsibility but serve as a tool to aid in account management. Reports should be reconciled against documents to assure accuracy. Discrepancies should be reported to Accounting.