I. General
All receivables of the University (excluding the Health System) from individuals and organizations should be recorded in this series of G/L accounts; however, these receivables should not include amounts due from other departments of the University. This series of G/L accounts also includes related reserve G/L accounts to reflect the net collectible valuation of the receivables.
Specific procedures should be established to provide adequate internal control and to insure that these accounts reflect the net realizable receivables. Refer to GAP 200.035, Accounts Receivable Control Procedures for more information.