Financial Policies

Policies related to the financial operation of the University of Pennsylvania

Sort By
Last Reviewed May, 2023

1106.3 Plant Assets – Retirements

To properly account for plant asset retirements.

1100 – Accounting

Comptroller

1100 – Accounting

Comptroller

Last Reviewed May, 2023

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)

Last Reviewed May, 2023

1106.5 Plant Assets – Property Management

To ensure proper management and control of fixed and moveable equipment.

1100 – Accounting

Comptroller

Last Reviewed May, 2023

1106.6 Plant Assets: Equipment in Process

To ensure proper accounting for Equipment in Process (EIP).

1100 – Accounting

Comptroller

Last Reviewed May, 2023

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

Last Reviewed May 2023

1107 Long Term Debt

To properly account for long-term debt

1100 – Accounting

Treasurer

Last Reviewed May 2023

1108 Interest Costs on Long Term Debt

The University may incur interest costs during the course of operations.

1100 – Accounting

Treasurer

Last Reviewed May 2023

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

Last Reviewed May 2023

1110 Compensated Absenses

To properly account for Compensated Absences, i.e., vacation, illness and holiday pay.

1100 – Accounting

Comptroller