Financial Policies
Policies related to the financial operation of the University of Pennsylvania
1106.3 Plant Assets – Retirements
To properly account for plant asset retirements.
1100 – Accounting
Comptroller
1100 – Accounting
Comptroller
1106.4 Plant Assets – Plant Construction Costs
To properly account for the costs of construction of University plant.
1100 – Accounting
Facilities and Real Estate Services (FRES)
1106.5 Plant Assets – Property Management
To ensure proper management and control of fixed and moveable equipment.
1100 – Accounting
Comptroller
1106.6 Plant Assets: Equipment in Process
To ensure proper accounting for Equipment in Process (EIP).
1100 – Accounting
Comptroller
1106.7 Plant Assets: Internal Use Software Costs
Establish guidance for the proper accounting of software purchased or developed for internal use.
1100 – Accounting
Comptroller
1100 – Accounting
Treasurer
1108 Interest Costs on Long Term Debt
The University may incur interest costs during the course of operations.
1100 – Accounting
Treasurer
1109 Equipment Lease
The University leases facilities and equipment as required by normal operations with the intention to support the mission of instruction, research and public service.
1100 – Accounting
Treasurer
1110 Compensated Absenses
To properly account for Compensated Absences, i.e., vacation, illness and holiday pay.
1100 – Accounting
Comptroller