Policy This policy requires all journal entries at Wake Forest University to be created and approved by authorized individuals, posted to the appropriate worktags in Workday, and supported by documentation in accordance with Generally Accepted Accounting Principles (GAAP), federal and state laws, University policies and […]
Procedure This document outlines the procedure for moving a residual balance from fixed price and milestone agreements (i.e., funds that remain unspent upon completion of a project) to other University accounts, and provides information on calculating facilities and administrative costs. Read […]
To make Wake Forest administrative policies more accessible to the campus community, a new consolidated University Policy Library website – policy.wfu.edu – has been launched and is available to everyone in the campus community. All administrative policies and supporting documents from departments within Finance […]
Policy This document outlines the policies and procedures governing the proper initiation, review, approval and procurement of capital and operating improvement projects at Wake Forest University. This policy defines the different project types, outlines the project phases, and covers the approval process, procurement bidding requirements, […]
Policy Wake Forest University conducts research and other activities that are sponsored by federal, state, or private entities. Sponsored grants and contracts provide essential outside funding to support the academic mission and research function of the University. As a recipient of federal, state, and privately […]
Procedure A Fixed Price Agreement is an agreement where the sponsor pays a firm price for the agreed-upon work, regardless of the actual costs to complete the project. A Milestone Agreement is a contract based on one or more milestones or deliverables. Accountability is based […]
Policy The federal government (per the Uniform Guidance Subpart E §200.430) sets requirements for internal controls over certifying time expended on sponsored projects and requires that salaries paid fully or partly from federal or state-sponsored awards be “certified” in a process that is distinct from […]
Policy This policy guide is to be used when inviting international visitors to Wake Forest University. This applies to visitors coming from other countries as well as visitors coming from other institutions based in the U.S. Read the Policy Related Procedures […]
Policy The University is committed to providing essential, non-compensatory, business-related tools for faculty and staff in a manner that promotes the proper stewardship of assets; complies with IRS and other regulatory requirements; and establishes a framework for consistent decision-making. The majority of faculty and staff […]
Policy Departmental staff who accept credit cards as a form of payment must abide by specific guidance to provide a secure environment to protect cardholders and the University against both loss and fraud and, as required by the credit card associations, to ensure the University […]