Mansfield University Home PageThe accounting functions are responsible for the University's internal and external financial reporting requirements within the respective areas.
The responsibilities for Endowment and Plant Accounting include:
- Monitoring of all plant fund projects.
- Request reimbursement for bond related projects.
- Planning and performing the annual financial accounting closing process.
- Preparation of university financial statements.
- Contact for external audit firm.
- Supervision of all accounting functions which includes payroll.
The responsibilities for General Accounting include:
- Daily reconciliation of cash and subsidiary ledgers with general ledger.
- Monthly reconciliation of bank statements with general ledger.
- Internal analyses which includes:
- Financial report analysis (ratios and graphics)
- Summer School analysis
- Fall and Spring Credit Continuing Education analysis
- Summer Athletic Camp analysis
- External reporting which includes:
- Common Cost Accounting (financial data only)
- IPEDS (Integrated Post secondary Education Data System) (financial data only)
- IRS 1099 reporting requirements
- Supervision of the Accounts Payable and Perkins Loan functions.
The responsibilities for Grant Accounting include:
- Daily monitoring of all designated and restricted funds given to university.
- Reconciliation of bank loan funds received electronically.
- Internal contact for all grant budget managers for expenditure clarification.
- External reporting which includes:
- Filing Form 990 -T (Unrelated Business Income) with IRS
- Federal Financial Aid funds with Department of Education
- Filing FISAP report with Department of Education
- Reporting requirements for each granting agency