Financial Reporting:
The Financial Reporting area of the Controller’s Office is primarily responsible for external and internal financial reporting. Some of those accountabilities encompass the Consolidated Audited Financial Statements, Employee Retirement Plan Audit, Assistance with the Preparation of Tax Returns, and Bank Reconciliations.
Included in our area are the following responsibilities:
- Ensuring timely and accurate consolidated financial reporting;
- Preparation of the annual financial audit of the University’s financial statements and Employee Retirement Plan;
- Preparation and/or assistance in completion of the Form 990, 990T, and 5500 tax returns;
- Responsible for applying accounting principles and procedures to analyze financial information;
- Reconciliation of the University’s external debt, pledge/contributions receivables, outside trusts, and annuities;
- Preparation and/or assistance in completion of certain financial data surveys;
- Preparation of bank reconciliations – See "Bank Reconciliation Policy"
Cash Receipts and Disbursements journals are processed in Workday as Ad Hoc Bank Transaction (AHBT). See Workday Finance website for tipsheet on Ad Hoc Bank Transaction (AHBT).
