Financial Services has added resource material on recording revenues and cost recoveries to our website, which can be found at the following link: http://www.queensu.ca/financialservices/support/additionalresources/revenueandcostrecoveries.html.
This material includes useful information and things to consider when recording internal transactions including Internal Sales, Cost Recoveries, and Revenue Transfers, or external transactions such as External Revenues and Cost Recoveries. The guidance also includes information on how to record these transactions, and on important year-end financial statement considerations such as accruals and deferrals.
Please take special note of the Quick Reference Guide designed to capture pertinent information on revenue and cost recoveries “at a glance”, which can be found at the following link:
Thank you to the many individuals across campus who provided input on content and layout to make sure this information was as valuable as possible to the campus community.
Email us at firstname.lastname@example.org if you have any comments or questions about the material.
Queen's Financial Services