Latest Financial Reporting and Accounting News

Q2 FY 2017 Revised UMV for Endowment Projections

Posted February 10, 2017 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value (UMV) for December 31, 2016, is $215.15 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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Have you completed your EOR?

Posted November 15, 2016 in Financial Reporting and Accounting, Financial Services, Grants and Contracts Accounting and tagged .

Beginning with the June 2016 Management Reports, FS implemented procedures to comply with a new Management Report Review Guideline which states that each PI/Account Executive (or their appropriate review delegate) MUST use Evidence of Review (EOR) tools to indicate their review is complete, … Continue reading →

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Clarification: EOR, GFA & Delegation Categories

Posted September 12, 2016 in Controller, Financial Reporting and Accounting, Financial Services and tagged .

Financial & Business Services recently circulated a Guideline outlining (1) the Review, and (2) the Evidence of Review (EOR) responsibilities that each Account Executive (AE) and Principal Investigator (PI) MUST perform – either by reviewing the monthly Management Reports themselves, … Continue reading →

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Q4 FY 2016 Revised UMV for Endowment Projections

Posted September 12, 2016 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value (UMV) for June 30, 2016, is $213.03 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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New Guideline: Management Report Review

Posted June 27, 2016 in Controller, Financial Reporting and Accounting, Financial Services, Grants and Contracts Accounting, Management Accounting and Analysis.

A new Guideline has been published to offer clarification to Policy 3-003: Authorizations and  Approvals Required for Financial Transactions.  This Guideline is meant to improve internal controls across campus as it outlines: Account Executives (AEs) and PIs remain primarily responsible for … Continue reading →

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“Evidence of Review” Tools have been Improved

Posted June 10, 2016 in Financial Reporting and Accounting, Grants and Contracts Accounting and tagged .

The Evidence of Review (EOR) application was implemented to give Account Executives and Principal Investigators a method to demonstrate required “evidence” that they had reviewed their monthly financial reports. EOR has been redesigned so that the REQUIRED REVIEW options are at … Continue reading →

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Enhanced Financial Web Reports – We’ve gone RED

Posted March 3, 2016 in Accounts Payable, Controller, Cost Accounting and Analysis, Endowment & Investment Accounting, Financial Reporting and Accounting, Financial Services, Financial Services Technical Support, Grants and Contracts Accounting, Income Accounting, Management Accounting and Analysis, Payment Card Acceptance/E-Commerce, Procurement and Supply Management, Travel, UShop and tagged , , , , , .

We have upgraded our CIS-based Financial Web Reports, and are excited to announce that they have a fresh, new, RED look! Our users will notice enhancements to the functionality, including: Management Reports/Journal Detail now consolidates UShop spend by Voucher number. … Continue reading →

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Q2 FY 2016 Unit Market Value for Endowment Projections

Posted February 22, 2016 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value for December 31, 2015, is $211.78 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 2016 Unit Market Value for Endowment Projections

Posted November 23, 2015 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value for September 30, 2015, is $211.21 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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Q4 FY 2015 Unit Market Value for Endowment Projections

Posted September 2, 2015 in Endowment & Investment Accounting, Financial Reporting and Accounting.

The ending quarter endowment pool unit market value for June 30, 2015, is $219.32.00 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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