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Message: [QUOTE="Scarletnut, post: 5652434, member: 10867"] This is from Gemini AI: AI Overview No, not all Division 1 schools use the exact same accounting methods for their athletic department budgets . While all DI schools must adhere to NCAA reporting guidelines, significant variations exist in how they classify, report, and manage their finances. Here are the key factors regarding accounting methods in DI athletic departments: 1. Standardization vs. Interpretation While the NCAA requires Division I institutions to submit annual financial reports (Membership Financial Reporting System) and undergo "Agreed-Upon Procedures" (AUPs) to verify data, institutions often interpret these rules differently. Despite efforts to standardize definitions, reporting can vary based on whether the institution is public or private, which affects whether they follow GASB (Governmental Accounting Standards Board) or FASB (Financial Accounting Standards Board) rules. 2. Common Reporting Framework (NCAA AUP) To create comparability, the NCAA mandates that all Division I schools use a standardized format (the NCAA Statement of Revenues and Expenses) for their annual reports. [LIST] [*][B]AUP Audits:[/B] An independent accountant must verify these reports to ensure they align with the NCAA's reporting requirements, which are often based on GAAP (Generally Accepted Accounting Principles) or a, comprehensive basis of accounting other than GAAP. [*][B]Focus on Cash:[/B] The NCAA requires that contributions be reported when they are actually received in the form of cash or assets (rather than pledges). [/LIST] 3. Variations in Accounting Practices [LIST] [*][B]Revenue Recognition:[/B] How departments report revenue from foundations, donors, and media rights can differ. [*][B]Expense Allocation:[/B] The allocation of indirect costs, such as university administrative fees, facility maintenance, and overhead, varies significantly between institutions. [*][B]Capitalization:[/B] Institutions have different thresholds for capitalizing assets, with some capitalizing property, plant, and equipment over $5,000. [*][B]Debt and Depreciation:[/B] Treatment of debt service payments (principal and interest) and depreciation can differ. [/LIST] 4. Financial Structure Differences [LIST] [*][B]FBS Autonomy vs. Others:[/B] The 65 schools in the "autonomy" conferences generate the vast majority of their revenue, whereas many FCS (Football Championship Subdivision) and non-football schools rely heavily on direct or indirect institutional subsidies and student fees to balance their budgets. [*][B]External vs. Internal:[/B] Some revenues are handled by affiliated, separate non-profit foundations, while others are directly managed by the university. [/LIST] [I]Note: The NCAA significantly updated its Agreed-Upon Procedures (AUP) for the 2025 reporting cycle to account for new complexities like NIL (Name, Image, and Likeness) and revenue-sharing.[/I] [/QUOTE]

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