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Latest Financial Services News
- Accounting Month Closed for January 2024-You may now review your Management Reports in EOR
- Accounting Month Closed for December 2023-You may now review your Management Reports in EOR
- Accounting Month Closed for November 2023-You may now review your Management Reports in EOR
- Accounting Month Closed for October 2023-You may now review your Management Reports in EOR
- Accounting Month Closed for September 2023-You may now review your Management Reports in EOR
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News Archives
Latest Compliance Oversight and Reporting News
Revised Space Rental/Lease Account Codes
The Property Accounting Office and Controllers Office are informing you of required changes to the Space Rental/Lease Account Codes due to Governmental Accounting Standards Board (GASB) No. 87 on Leases to be implemented July 1, 2020. The statement requires the … Continue reading
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Correctly Answering Questions on the Scholarship / Fellowship / Traineeship Form
Central Administration has seen multiple instances where the question on the Traineeship Form “Is the payment for a current UofU Employee?” has been answered incorrectly (i.e. “No” when it should be “Yes”). For those completing this form, you are asked … Continue reading
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Adequate Documentation for non-SRC and non-Auxiliary Journal Entries
Adequate Documentation for Journal Entries Submitted by Departments that are not an approved Service/Recharge Center or University Auxiliary With the demise of the Campus Order Form almost a year ago, a number of internal billing transactions once submitted on that … Continue reading
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Participant Support Costs and Participant Compensation
Accounting for Participant Support Costs To ensure compliance with Federal Regulations for Participant Support Costs (PSC), please be aware of the following changes: Account codes for Participant Support Costs have been updated and revised. The use of these account codes … Continue reading
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NIH Salary Cap Increase
On January 8, 2017, a new NIH salary cap amount of $187,000 went into effect. The Federal Government FY 2016 Consolidated Appropriations Act states that the NIH salary cap amount is tied to the amount of the Federal Executive Salary … Continue reading
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Exciting new changes to EDR/ePAR
Based on your valued feedback and suggestions for the EDR/ePAR application, we have put in some new enhancements on Wednesday, September 21. They include: K Award and HHS Cap reminder popups The ABA displayed at the top of the EDR … Continue reading
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Cost Transfer Process And Form Have Been Updated
Research Management and Compliance announces that the Cost Transfer (CT) requirements and documentation expectations have been updated. As a result, the following items have been added, updated, or clarified: Many corrections can now be processed using only an eJournal (instead … Continue reading
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New Manager of Cost Accounting & Analysis
Financial & Business Services is pleased to announce that Robert Allen has joined the Research Management & Compliance department (effective April 1, 2016) as the Manager of Cost Accounting & Analysis and will report directly to Ken Erickson, the Director … Continue reading
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NIH Salary Cap Increase
The NIH salary cap has been increased by about 1 percent to $185,100 effective January 10, 2016. NIH ties the salary cap to the Federal pay scale for employees in “Executive Level II” positions. The new cap was part of … Continue reading
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Electronic Personal Activity Reporting (ePAR) is Coming!
The Department of Compliance Oversight and Reporting is excited to announce the transition of the University from paper PAR’s to ePAR, an electronic system for certifying quarterly effort. A pilot group is testing ePAR as part of the FY 15, … Continue reading
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