Why can cost-sharing commitments for salaries simply be recorded on the TADs, as has been done in the past?
The turnaround document (TAD) is a personnel appointment form and currently is not linked directly to the University’s accounting system. After careful review of the current practices in the use of TADs to record and monitor cost-sharing commitments from faculty and staff salaries, it was recommended by our consultants, Coopers and Lybrand, that a mechanism to record the transfer of funds be used for all cost-sharing commitments to ensure consistency and to establish an appropriate audit trail. This “fund transfer” is accomplished by the establishment of a separate cost-sharing account for each project account.
Related Questions
- What is the one thing that Nathanielson dislike perks in the past? What are the commitments of goals as far as getting a good project out with or without support?
- How are the consistency requirements under Cost Accounting Standards interpreted in terms of cost-sharing commitments?
- Why can cost-sharing commitments for salaries simply be recorded on the TADs, as has been done in the past?
