Financial Reporting

View resources on university reporting including IPEDS, Middle State, regulatory, and accounting guidance.

Accounting financial documents procedure

General Accounting reviews and approves financial documents before posting the financial statements. See details of our data-driven approach to reviewing financial documents:

General Accounting Approval Procedures of Financial Documents

 

Foreign gifts and contract reporting

Institutions participating in the Title IV student assistance programs must report foreign gifts, contracts, etc. See detailed reporting procedure:

Foreign Gift and Contract Disclosure Procedures

IPEDS

Integrated Postsecondary Education System (IPEDS) is a primary source for information on US colleges and universities.  It is an essential tool used by Congress, Policymakers, Department of Legislative Services (DLS), and all of higher education.  The Office of the Controller prepares the financial portion of the annual IPEDS reports.  See reported statistics of UMD here:

Middle States

The Middle State Commission on Higher Education (MSCHE) is responsible for more than 525 accredited and candidate institutions in Delaware, the District of Columbia, Maryland, New Jersey, New York, Pennsylvania, Puerto Rico, the US Virgin Islands, and other locations abroad.  The Annual Institutional Update or AIU is part of MSCHE monitoring activities.

Unrecorded Liability/Revenue

The Office of Controller reviews Accounts Payable (AP) activity subsequent to year end to determine unrecorded liability/revenue. See detailed procedure here: 

Estimating Unrecorded Liability/Revenue by Fund for the Interim and Year-end Statements