BOP Program Statement 8510.02 § 18

general application of the UNICOR accounting system.

a. Business Office Locations. UNICOR’s Business Offices

conduct operations which are responsible for recording/posting

and reporting financial data as related to that location. There

is a Business Manager or Plant Controller, including Central

Office, for each office who fulfills this function.

b. Accounting Mechanism. Financial and costing information is

captured at each Business Office and the Central Office through

posting at the transaction level to an automated financial

system. Ultimately, each transaction is recorded and classified

in UNICOR’s Chart of Accounts.

PS 8510.02

1/21/2003

Page 13

c. Processing Cycle. The steps involved in the accounting

cycle performed in UNICOR field Business Offices and in the

Central Office Business Office are as follows:

— UNICOR’s Chart of Accounts complies with the United

States Standard General Ledger’s requirements.

— Responsible UNICOR staff receive or create source

documents to provide the first record of transactions.

— Transactions are documented and entered into a journal

by UNICOR’s automated system on the basis of these

documents which are referenced to provide an audit

trail and support for the entries entered into the

general ledger.

— Accruals and other month-end adjusting entries are

prepared and posted to the general ledger.

— Financial statements/reports are prepared from the

adjusted ledger accounts.