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Accounting Procedures:(Student Accounts & Cash Control)

PROCESSING STUDENT ACCOUNTS RECEIVABLE CHARGING TRANSACTIONS

A.     AUS sponsorships are defined on the Student AR system by the Registrar's office.

B.      Student Accounts apply the defined sponsorship to a student account by running the application process. This results in a payment type transaction to the student account reducing the balance.

C.     Student Accounts defines external sponsorship contracts on the Student AR system as per terms of the sponsorship.

D.     Student Accounts apply the defined external sponsorships to a student's account by running the application process. This results in a payment type transaction reducing the balance of the student account, and a charge type transaction increasing the balance of the sponsor.

 

 
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