(Last Modified on February 25, 2016)

The University System of Georgia (USG) is an organizational unit of the State of Georgia, under the governance of the ¾º²Â×ãÇòapp,Âò×ãÇò¾º²Êapp of Regents, engaged in business activities. The USG¡¯s accounting policies conform with accounting principles generally accepted in the United States of America (GAAP) applicable to public colleges and universities engaged in business-type activities as prescribed by the Governmental Accounting Standards ¾º²Â×ãÇòapp,Âò×ãÇò¾º²Êapp (GASB) and the State of Georgia¡¯s statutory basis of accounting (Budget Funds) reported in the State of Georgia Budgetary Compliance Report (BCR).