Revised Policy: E.2.9.6. Policy on Generally Accepted Accounting Principes

The Policy on Generally Accepted Accounting Principles was added to BoardDocs on September 12, 2012. The purpose of the policy is to outline the specific principles that the University follows in order to obtain an unqualified opinion on the Financial Statements and in order to meet various requirements established by the Federal government, the Commonwealth of Virginia, and other outside entities. The policy also outlines the choice made by the University when more than one method of accounting is acceptable.

Adopted in 2005 and revised in 2012.