CHANGE IN METHOD OF ACCRUAL - 7981.1

Agencies/Departments will apply the methods of determining accruals consistently from year to year. However, to meet changing circumstances or produce more accurate accruals, it may become necessary to change the method of accruing income or expenditures in the current year from the method used in the preceding fiscal year(s). An agency/department will request approval from the Department of Finance, Fiscal Systems and Consulting Unit (FSCU) if it is necessary to deviate from the method used in prior years and the prior year amount accrued exceeded $100,000. The request will state the reason for and effect of the proposed change in the method of accrual. See SAM Section 7040 for how to request FSCU approval and fiscal policy assistance.