Policies and Procedures

Delegation of Authority for Executing Contracts on Behalf of Drexel University

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Non-compensation Approval Authority Policy

The Non-Compensation Approval Authorization Policy supersedes the Signature Authorization Policy. This policy sets out the approval authorizations and procedures required for processing financial transactions within the University.

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Accounting Principles

Drexel University's financial accounting policies and procedures follow the generally accepted accounting principles of Fund Accounting as prescribed by the National Association of College and University Business Officers (NACUBO), the American Institute of Certified Public Accountants and the Financial Accounting Standards Board (FASB).

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Activity Code

Activity codes are optional four digit numerical codes in FAS that may be used to define the activities of a unit in more detail than is available through the account codes.

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Cash Deposit Procedure

All Drexel University cash, check, and credit card receipts (other than patient deposits, gifts, donations and research grants/contracts) must be promptly deposited at a University Cashier's Office.

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Cash Reimbursement Procedures

In accordance with the University’s Business Travel Expense Policy, reimbursements or advances for travel and local business expenses will be paid via check or direct deposit for employees enrolled in paycheck direct deposit.

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Financial Accounting System

The Financial Accounting System (FAS) is an on-line integrated financial accounting system that records, monitors and maintains all accounting and financial transactions of the University except for the University’s subsidiary corporation Academic Properties, Inc. that has a separate accounting system.

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Graduate Student Funding and Taxation Policy

The purpose of this policy is to ensure proper tax withholding and reporting for graduate students receiving funding from federally sponsored research grants, training grants, or university sources.

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Contact the General Accounting Office

3141 Chestnut St, Main Building
Suite 225
Philadelphia, PA 19104

T: 215.895.1442
F: 215.895.1508


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