{"id":901,"date":"2013-10-04T14:55:02","date_gmt":"2013-10-04T18:55:02","guid":{"rendered":"http:\/\/carleton.ca\/facts\/?page_id=901"},"modified":"2025-04-17T11:42:28","modified_gmt":"2025-04-17T15:42:28","slug":"financial-approval","status":"publish","type":"page","link":"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/","title":{"rendered":"Financial Approval Authority"},"content":{"rendered":"<h3>What is it?<\/h3>\n<p>Financial Approval (<em>formerly called Signing Authority<\/em>) is a level of authority granted to an individual by the owner of a particular funding source. Ownership is derived through a particular position at the University (such as a department head) or through a granting authority (such as a research Fund).<\/p>\n<h3>Why is it important?<\/h3>\n<p>Financial approval authorities are required to authorize and approve a financial transaction before it is committed. This includes payroll documents, purchase requisitions, expense reimbursements, advances, and financial reallocations. Financial approval authority is delegated by the owner of the funding source to another individual within the University (e.g. a departmental administrator or research assistant) and may NOT be further sub-delegated. The individual receiving the authority must agree to the delegation.<\/p>\n<p>In terms of fund-orgn security, a financial approval\u00a0authority has both posting and query authority so that they may both create and view any financial transaction for which they have signing authority. <strong>An individual who requires both query and posting authority can do so WITHOUT being a financial approval authority.<\/strong><\/p>\n<h3>Where do I find more information?<\/h3>\n<ul>\n<li>For financial approval\u00a0authority questions related to operating, ancillary and special purpose funds, contact the <a href=\"&#x6d;&#x61;&#x69;&#108;&#116;o:&#x63;&#x6f;&#x6e;&#116;&#114;ol&#x6c;&#x65;&#x72;&#115;&#111;ff&#x69;&#x63;&#x65;&#64;&#99;ar&#x6c;&#x65;&#x74;&#111;&#110;&#46;c&#x61;\" target=\"_blank\" rel=\"noopener noreferrer\">Controller\u2019s Office<\/a>.<\/li>\n<li>For questions related to research funding, contact <a href=\"&#x6d;&#97;i&#x6c;&#116;o&#x3a;&#x52;&#101;&#x73;&#x65;&#97;r&#x63;&#104;F&#x69;&#x6e;&#97;&#x6e;&#x63;&#101;&#64;&#x63;&#97;r&#x6c;&#x65;&#116;&#x6f;&#x6e;&#46;c&#x61;\" target=\"_blank\" rel=\"noopener noreferrer\">Research Financial Services<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What is it? Financial Approval (formerly called Signing Authority) is a level of authority granted to an individual by the owner of a particular funding source. Ownership is derived through a particular position at the University (such as a department head) or through a granting authority (such as a research Fund). Why is it important? [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"parent":61,"menu_order":69,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Approval Authority - Financial Administration Community Training &amp; Solutions<\/title>\n<meta name=\"description\" content=\"What is it? Financial Approval (formerly called Signing Authority) is a level of authority granted to an individual by the owner of a particular funding\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/\",\"url\":\"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/\",\"name\":\"Financial Approval Authority - Financial Administration Community Training &amp; Solutions\",\"isPartOf\":{\"@id\":\"https:\/\/carleton.ca\/facts\/#website\"},\"datePublished\":\"2013-10-04T18:55:02+00:00\",\"dateModified\":\"2025-04-17T15:42:28+00:00\",\"description\":\"What is it? Financial Approval (formerly called Signing Authority) is a level of authority granted to an individual by the owner of a particular funding\",\"breadcrumb\":{\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/carleton.ca\/facts\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glossary\",\"item\":\"https:\/\/carleton.ca\/facts\/glossary\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"F\",\"item\":\"https:\/\/carleton.ca\/facts\/glossary\/f\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Financial Approval Authority\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/carleton.ca\/facts\/#website\",\"url\":\"https:\/\/carleton.ca\/facts\/\",\"name\":\"Financial Administration Community Training &amp; Solutions\",\"description\":\"Carleton University\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/carleton.ca\/facts\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Financial Approval Authority - Financial Administration Community Training &amp; Solutions","description":"What is it? Financial Approval (formerly called Signing Authority) is a level of authority granted to an individual by the owner of a particular funding","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/","url":"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/","name":"Financial Approval Authority - Financial Administration Community Training &amp; Solutions","isPartOf":{"@id":"https:\/\/carleton.ca\/facts\/#website"},"datePublished":"2013-10-04T18:55:02+00:00","dateModified":"2025-04-17T15:42:28+00:00","description":"What is it? Financial Approval (formerly called Signing Authority) is a level of authority granted to an individual by the owner of a particular funding","breadcrumb":{"@id":"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/carleton.ca\/facts\/glossary\/f\/financial-approval\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/carleton.ca\/facts\/"},{"@type":"ListItem","position":2,"name":"Glossary","item":"https:\/\/carleton.ca\/facts\/glossary\/"},{"@type":"ListItem","position":3,"name":"F","item":"https:\/\/carleton.ca\/facts\/glossary\/f\/"},{"@type":"ListItem","position":4,"name":"Financial Approval Authority"}]},{"@type":"WebSite","@id":"https:\/\/carleton.ca\/facts\/#website","url":"https:\/\/carleton.ca\/facts\/","name":"Financial Administration Community Training &amp; Solutions","description":"Carleton University","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/carleton.ca\/facts\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"acf":{"banner_image_type":"none","banner_button":"no"},"_links":{"self":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/901"}],"collection":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/comments?post=901"}],"version-history":[{"count":5,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/901\/revisions"}],"predecessor-version":[{"id":8737,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/901\/revisions\/8737"}],"up":[{"embeddable":true,"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/pages\/61"}],"wp:attachment":[{"href":"https:\/\/carleton.ca\/facts\/wp-json\/wp\/v2\/media?parent=901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}