|Date Issued:||03/25/2009||Date Last Updated:||03/25/2009|
Update to Statewide Accounting Policies Procedure Manual, Volume IX and Agency Financial Reporting Package
To announce the updated Statewide Accounting Policies Manual, Volume IX, and to explain changes to the Agency Financial Reporting Package (AFRP) internet-based application.
|Updated Accounting Policies||
The updated Statewide Accounting Policies Procedure Manual (Vol IX) can be accessed on OSC’s website, http://www.osc.state.ny.us, by selecting “State Agencies” and then “New York State Accounting System User Procedure Manuals” (under Information for State Agencies).
|New Accounting Policy||
OSC has added an Accounting Policy regarding the Government Accounting Standards Board (GASB) Statement 49, Accounting and Financial Reporting for Pollution Remediation Obligations. See NYS Accounting System User Procedures Manual, Volume IX, Section III–15 Pollution Remediation on the OSC website. This policy is effective immediately.
The Office of the State Comptroller utilizes an internet-based Agency Financial Reporting Package application.
The State’s accounting and financial reporting system, under the control of the Office of the State Comptroller (OSC), provides for the collection, summarization and reporting of unique financial data and information maintained at State agencies. This financial information is required to ensure full and proper disclosure in financial statements prepared in accordance with generally accepted accounting principles (GAAP).
The Agency Financial Reporting Package has been developed for the purpose of gathering data-in-process which has not been entered into the State’s central accounting system by specified closing dates.
The application allows State agencies and public authorities to key necessary information directly on the Internet. The data will be collected in a database which will assist in the generation of the State’s required GAAP financial statements.
The internet-based application can be accessed at http://nysosc11.osc.state.ny.us/product/afrp.nsf.
A new section was added this fiscal year to capture Pollution Remediation Obligations for the new accounting policy.
User IDs are mailed to each agency and passwords may be obtained by contacting the individuals listed below.
Questions on the Accounting Policies Procedure Manual should be directed to:
Questions on the AFRP process should be directed to: