Latest General Accounting News

Accounting Month Closed for August 2020-You may now review your Management Reports in EOR

The most recent accounting month is now closed. Your Management Reports are complete and ready for your review. For most departments/units, review and approval should follow the steps outlined in this memo. Some departments/units have alternate procedures in place to accomplish review … Continue reading

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Changes to eJournal (eJE) and Management Reports for new BU 06

Beginning Fiscal Year 2021, the University of Utah “Utah Health Plans” will begin to book transactions with data in 3 new ChartFields. “Product,” “Group,” and “Place” will provide more granular data to ease complex analysis of this growing business segment … Continue reading

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Q3 FY 2020 UMV for Endowment Projections

The ending quarter endowment pool unit market value (UMV) for March 31, 2020, is $196.72 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FBS News. All other factors in the … Continue reading

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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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Q2 FY 2020 UMV for Endowment Projections

The ending quarter endowment pool unit market value (UMV) for December 31, 2019, is $227.68 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FBS News. All other factors in the … Continue reading

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Q1 FY 2020 UMV for Endowment Projections

The ending quarter endowment pool unit market value (UMV) for September 30, 2019, is $220.61 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FBS News. All other factors in the … Continue reading

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Timely Reporting of Departmental Deposits

As of July 1, 2019 (fiscal year 2020), General Accounting will begin assessing a $10 fee for posting un-booked deposits greater than 90 days old to the appropriate Department. University Policy (Rule 3-003B) states transactions should be documented, appropriately approved, … Continue reading

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Q3 FY 2019 UMV for Endowment Projections

The ending quarter endowment pool unit market value (UMV) for March 31, 2019, is $220.44 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FBS News. All other factors in the … Continue reading

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Q2 FY 2019 UMV for Endowment Projections

The ending quarter endowment pool unit market value (UMV) for December 31, 2018, is $209.73 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FBS News. All other factors in the instructions … Continue reading

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Q1 FY 2019 UMV for Endowment Projections

The ending quarter endowment pool unit market value (UMV) for September 30, 2018, is $226.81 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FBS News. All other factors in the … Continue reading

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