Background Information

The Oregon Accounting Manual has a rich history‚ with its development dating back to the need for standardized financial management practices in Oregon. The manual was created to provide a comprehensive guide for state agencies and local governments to follow‚ ensuring consistency and accuracy in financial reporting. According to the University of Oregon‚ the Oregon University System’s Fiscal Policy Manual was adopted and incorporated into the Oregon Accounting Manual‚ providing a foundation for the current policies and procedures. This background information is essential in understanding the context and purpose of the Oregon Accounting Manual‚ which aims to provide clear guidance on financial management and reporting. The manual’s development is a result of the collaboration between various stakeholders‚ including state agencies‚ local governments‚ and financial experts.

Purpose of the Manual

The purpose of the Oregon Accounting Manual is to provide a comprehensive set of policies and procedures for financial management and reporting. The manual aims to assist state fiscal managers in analyzing‚ processing‚ and reporting financial transactions in accordance with generally accepted accounting principles and federal regulations. The manual’s purpose is to ensure consistency and accuracy in financial reporting‚ and to provide guidance on accounting and financial reporting for state agencies and local governments. The manual is designed to be a user-friendly resource‚ providing clear and concise information on financial management and reporting. By following the manual’s guidelines‚ state agencies and local governments can ensure compliance with regulatory requirements and maintain transparency in their financial operations. The manual’s purpose is to support effective financial management and decision-making.

Organization of the Manual

Structure and Content

Revision History

Key Policies and Procedures

Accounting and Financial Reporting

Compliance with Regulations

The Oregon Accounting Manual ensures compliance with federal and state regulations‚ including the Internal Revenue Service and Generally Accepted Accounting Principles. The manual outlines procedures for managing financial transactions‚ such as payroll and accounts payable‚ to ensure accuracy and compliance. It also provides guidance on reporting requirements‚ including the Schedule of Expenditures of Federal Awards. The manual is updated regularly to reflect changes in regulations and accounting standards. By following the Oregon Accounting Manual‚ state agencies and local governments can ensure they are in compliance with relevant laws and regulations. This helps to prevent errors and ensures the integrity of financial reporting‚ which is essential for maintaining public trust and confidence in government financial management and operations. The manual is a critical resource for financial managers.

Implementation and Training

Training and Support

The Oregon Accounting Manual provides training and support to state agencies and local governments to ensure effective implementation and use of the manual.
The training programs are designed to educate users on the policies and procedures outlined in the manual‚ including financial reporting and accounting principles.
The support services include consultation and guidance on financial management and reporting‚ as well as technical assistance with financial systems and software.
The goal of the training and support is to enable users to accurately and efficiently manage financial transactions and report financial information in accordance with the manual’s policies and procedures.
The training and support services are available online and in-person‚ and are tailored to meet the needs of different users and agencies.

Consultation Services

The Oregon Accounting Manual offers consultation services to assist state agencies and local governments with financial management and reporting.
These services provide expert guidance on accounting and financial reporting issues‚ helping users to resolve complex problems and ensure compliance with regulations.
The consultation services are provided by experienced financial professionals who are familiar with the manual’s policies and procedures.
They can provide advice on financial statement preparation‚ budgeting‚ and financial analysis‚ as well as help with implementing new accounting systems and procedures.
The consultation services are available to all users of the manual‚ and can be accessed through the website or by contacting the support team directly‚ ensuring timely and effective support.

Authority and Approval

Legislative Authority

The Oregon Accounting Manual is established under legislative authority granted by the Oregon Revised Statutes (ORS) codes‚ which provide the framework for financial management and reporting standards in the state. The ORS codes outline the responsibilities and requirements for state agencies and local governments in managing public funds and preparing financial reports. The legislative authority also establishes the Oregon Department of Administrative Services as the primary agency responsible for developing and maintaining the Oregon Accounting Manual. The manual is designed to provide guidance and direction to state agencies and local governments in implementing sound financial management practices and ensuring compliance with applicable laws and regulations. This authority is essential for maintaining the integrity and transparency of public financial management in Oregon.

Approval and Signature

The Oregon Accounting Manual requires approval and signature from the Chief Financial Officer (CFO) or other designated authority‚ as indicated by the statement “APPROVED: George Naughton‚ Chief Financial Officer Signature on file”. This approval process ensures that the manual is validated and endorsed by the appropriate officials‚ providing a level of accountability and oversight. The signature on file serves as a record of the approval‚ demonstrating that the manual has been thoroughly reviewed and authorized for use by state agencies and local governments. This formal approval and signature process is an essential aspect of the manual’s development and maintenance‚ as it confirms the manual’s accuracy and relevance in providing guidance on financial management and reporting practices. The approval is a critical step in the manual’s implementation and use.