Latest Financial Reporting and Accounting News

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

Posted June 4, 2020 in Financial Reporting and Accounting, Financial Services.

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

Posted May 1, 2020 in Endowment & Investment Accounting, Financial Reporting and Accounting.

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 FS News. All other factors in the … Continue reading →

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Revised Space Rental/Lease Account Codes

Posted March 11, 2020 in Compliance Oversight and Reporting, Cost Accounting and Analysis, Financial Reporting and Accounting and tagged .

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

Posted February 18, 2020 in Endowment & Investment Accounting, Financial Reporting and Accounting.

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 FS News. All other factors in the … Continue reading →

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Q1 FY 2020 UMV for Endowment Projections

Posted November 12, 2019 in Endowment & Investment Accounting, Financial Reporting and Accounting.

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 FS News. All other factors in the … Continue reading →

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Timely Reporting of Departmental Deposits

Posted July 3, 2019 in Controller, Financial Reporting and Accounting and tagged .

As of July 1, 2019 (fiscal year 2020), Financial Reporting & 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, … Continue reading →

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Q3 FY 2019 UMV for Endowment Projections

Posted May 17, 2019 in Endowment & Investment Accounting, Financial Reporting and Accounting.

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 FS News. All other factors in the … Continue reading →

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Q2 FY 2019 UMV for Endowment Projections

Posted February 25, 2019 in Endowment & Investment Accounting, Financial Reporting and Accounting.

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 FS News. All other factors in the instructions … Continue reading →

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Q1 FY 2019 UMV for Endowment Projections

Posted November 20, 2018 in Endowment & Investment Accounting, Financial Reporting and Accounting.

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 FS News. All other factors in the … Continue reading →

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Q4 FY 2018 UMV for Endowment Projections

Posted August 13, 2018 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value (UMV) for June 30, 2018, is $223.25 per unit. This information is necessary for Method 2 of projecting endowment income and is provided quarterly through FS News. All other factors in the … Continue reading →

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