Index and Glossary – Y
Year-End:
Discussion: Year-End is a general term that refers to the procedures the University completes at the end of the fiscal year (July 1 – June 30) to close the general ledger in preparation of creating an accurate and audited annual Financial Report. Personnel in campus departments with fiscal responsibility are expected to be aware of year end responsibilities and dates. Deadlines for processing accounting transactions are posted on CIS as a link entitled “Year-End Information & Dates.”
Transactions that are affected by year end procedures include:
- Accounts Payable
- Budget Changes
- Campus Orders
- Cash Receipts
- Cost Transfers
- Equipment Requisitions
- Journal Entries
- Outstanding Obligations
- Payroll Adjustments
- Purchasing Card Reallocations
- Supply Requisitions
- Travel
| Year End FY 09 Instructions | Year End Help doc | Ask Us Financial Reporting & Accounting |
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