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Accounting Framework

The Accounting Framework forms part of UNSW Finance’s commitment to fulfilling its role as a partner in delivering on the UNSW Strategic Intent across the University. It achieves this by providing a framework for financial services and accounting across the University. The framework is based on a set of principles and fundamentals that enable UNSW Finance to provide high quality financial services, namely reliable, relevant and timely information to those who need it.

 

Principles

 

The Guiding Framework is governed by the following principles:

  1. We live our values, putting our customer first
  2. We promote ownership and accountability
  3. We establish proactive and risk based control
  4. We embed relevant principles, policies and procedures
  5. We monitor performance to enable continuous improvement

 

Fundamentals

 

The Guiding Framework is applied through the following accounting fundamentals:

  • Accounting principles
  • Ownership/roles and responsibilities
  • Financial risk
  • Internal control
  • Policies and procedures
  • Monitoring and compliance

The guiding wheel of Accounting Framework