Financial Affairs. Academic Affairs & Faculty · Financial Policies related to accounting, budgeting, purchasing, travel, and other business and finance functions. It is a written statement filed by a debtor in bankruptcy that contains information regarding especially financial records, location of any accounts, prior bankruptcy, and recent or current debt. — called also statement of affairs. independent agency established to further the development and improvement of judicial administration in the state courts of the United States. To achieve its objectives the Institute provides funds through grants, cooperative agreements, and contracts to state courts and organizations and serves as a national information clearinghouse.