Reports and Closings

Reports & Closings

  1. General Information
  2. Reports
  3. Closings


General Information:

The Business Intelligence area consists of a team of report writers to support business/financial needs for the Office of the Controller, and University wide, as needed. Timely provides reports from Finance Workday based on requests from the Accounting areas, and for financial statements/monthly, quarterly, and yearly closings/audit purposes; as well as gathers/proposes, and develops ideas to improve business processes.

In addition to the above, and among some others, the BI team is also responsible for the following:

  • Data Custodian – including security access, for the Onbase application, which is the platform where most of the legacy system records are located.
  • Network administrator – and Data Custodian, for the entire Network structure of the Office of the Controller. Liaison between UMIT and Controller’s office to troubleshoot, and resolve hardware/software system issues.
  • Webmaster for the Office of the Controller Webpage.
  • It also provides support for creating reports from the BI/DataWarehouse reporting tool.

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  • Financial Statements

                Audited Financial Statements 

  • System Reports

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Month End Closing

Month-End close is the processing of transactions at the end of each month. These processes are performed for a particular month to ensure that all transactions are posted and reflected on reports. The month is generally closed to the University departments by the first business day of the following month end of day. An email communication along with a month end close calendar is sent out monthly to all department cost center managers and senior business officers with the specific closing dates. Please reach out to Elizabeth Delgado at (305) 284-4658 or Martha Arocha at (305) 284-2236 pertaining to any month end closing dates questions.

Year End Closing

An accounting procedure undertaken at the end of the year to close out business from the previous year, carry forward balances from the previous year. Year-end closing is part of a company's closing operations, and is used to create a company's financial statements. A year-end calendar showing the deadlines and other year-end closing activities, is referenced below.

Fiscal Year End Information & Closing Schedule:

2019 Fiscal Year-End Memo

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