Business Matters

FARM Setup Reminders were published the August 2022 Business Matters to remind users how to maintain FARM data to avoid errors and delays with their unit’s transactions.  Unfortunately, we have continued to encounter approver setup discrepancies in FARM that cause I

After more than 33 years at Ohio University, our Director of Grants Accounting Cindy Perry has decided to retire.  Julie Allison, AVP of Finance and Cindy’s supervisor states: “Cindy has led us through numerous federal indirect cost studies but where Cindy’s experience and expertise really shined was through COVID.

Have you ever wondered if you need a contract/agreement to procure goods/services?

The PCard office has been seeing several declines on PCards. Most of these declines have been related to cards not being activated, or the cardholder entering a bad PIN.

We been getting questions about toll fees and fines/penalties related to non-payment of tolls when using a rental car. University travelers have the option of renting a vehicle from one of our preferred suppliers, Enterprise/National or Hertz, or from Ohio University Transportation and Parking Services.

GASB 87 requires lease accounting for “all right to use” assets of Ohio University. This is a new accounting standard that impacts all public universities in the United States and is not unique to Ohio University.

Project sponsors expect the grantee institution (Ohio University) to establish and maintain adequate financial management practices and policies so that costs are appropriately charged at the time incurred and significant adjustments are not generally required.