Policy Financial Management Revenue (FMPM 600 - FMPM 699) FMPM 600 Overview - Revenue Management

FMPM 600 Overview - Revenue Management


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Intent

The intent of this overview is to set out the requirements regarding the establishment and maintenance of a revenue management system.

Definitions

Revenue

Policy and Procedures

Function and Responsibility

It is the responsibility of the Chief Financial Officer to establish and maintain a revenue management system (FMPM 610-699) which efficiently, effectively and economically manages all revenue.

The revenue management system, including adequate internal controls, must provide for:

  • promptly identifying, collecting, managing and recording information about revenue; and

  • the timely write off of revenue.

Related documents, legislation or JCU Statutes

Financial and Performance Management Standard 2009 (s15, s17)

For enquiries in relation to this FMPM Overview please contact accountsreceivable@jcu.edu.au

Administration

Approval Details

Policy DomainFinancial Management

Policy Sponsor

Vice Chancellor

Approval Authority

Finance Committee

Date for next review

08/2018

Revision History

Version

Approval date

Implementation date

Details

Author

15-01

09/09/2015

10/09/2015

Policy Sponsor and Approval Authority updated to reflect the approved Policy and Delegations Framework

Quality Standards and Policy Unit

11-01

18/08/2011

18/08/2011

Finance Committee (06/11)

 

01-01

12/2001

12/2001