Financial Accounting

Financial Accounting is a Department of the Controller’s Division. It consists of four areas of responsibilities: Accounting Services, Accounts Payable, Asset Accounting/Risk Management and Payroll:

Accounts Payable:   responsible for expediting payment to the University’s customers, employees and students and works closely with Procurement for purchased items.

Accounting Services:  responsible for accumulating and providing reliable and comparable data as to the fiscal affairs of the University within the guidelines established by the University, Board of Regents, State of Georgia and other Federal and State agencies, including the Government Accounting Standards Board (GASB). The Financial Accounting Department provides financial and business services to support the overall mission of the Controller’s Division and the overall mission of the University responding to the needs of students, faculty, and staff, by providing efficient and accurate data in order to manage the financial resources available.

Asset Accounting/Risk Management: responsible for processing capitalized assets and small value equipment according to the rules and regulations of the University System of Georgia (USG) and the Department of Administrative Services (DOAS).  Asset Accounting reconciles property asset accounts and processes Physical Plant contracts and payments. Risk Management includes property, auto, and liability claim reporting, as well as property valuation.  The department’s Risk Management services consists of maintaining insurance for the University, assisting with any additional insurance requirements, and insurance claims management.

Payroll:  responsible for processing the University’s payroll and payroll reporting, and works closely with Human Resources for hiring, benefits and retirement.

For questions or comments, please contact Financial Accounting at 912-478-0417.

Thomas Mikell – Director of Financial Accounting

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Financial Accounting • PO Box 8129 • (912) 478-0417 • finacct@georgiasouthern.edu