General Accounting
Commonwealth University's General Accounting functions are managed within the Financial Services Department. We service the Bloomsburg, Lock Haven, and Mansfield campuses. Core responsibilities for this team include:
- Monitoring the accounting system through reconciliations of the general ledger
- Recording financial transactions according to generally accepted accounting principles (GAAP)
- Coordinating the year-end closing process for the 3 campuses
- Preparing annual financial statements
- Assisting with internal controls
- Managing treasury functions
- Assisting campuses with questions regarding transactions and other financial impacts.
Commitment Item/General Account Listing
Provides the Commitment Items (CI), also known as General Ledger Accounts, to identify the types of goods and services purchased within such systems as SourcePoint, Travel Management, Pcard, etc.