At Armstrong Atlantic State University, the business and finance department created a policy in 2011 that covers how to establish any revenue-producing activity.
Such activity is defined as that which generates revenue from the sale of products or services provided by the university or university employees.
Prior to establishing an account for this activity, a department must take the following steps:
- Seek guidance and approval from the unit or division vice president.
- Schedule a preliminary review meeting or discussion with the VP or assistant VP for business and finance.
- Create a business plan.
- Submit the business plan, a completed conflict of interest disclosure statement (if applicable), and any supporting paperwork to the VP for business and finance for approval.