November 2023 Accounting Period Closes
The November 2023 accounting period is now CLOSED.
The November 2023 accounting period is now CLOSED.
The UC Merced Office of the Controller is issuing the following guidance on the Project Attribute in the Common Chart of Accounts (CCoA).
The Project Attribute tracks the financial activity for a “body of work" that often has a start and end date that spans fiscal years or activities funded by a sponsor.
Campus partners,
The Controller’s Unit is pleased to announce that team members from Contracts & Grants Administration, Project Portfolio Financial Management, and Financial Planning & Analysis partnered to develop and test a proposed Sponsored Project Close Out Checklist. The objective of this checklist is to clearly outline the required steps, by responsible party, to successfully close out a project in the Oracle ERP and UCMPLAN systems.
We’ve heard you, campus partners. You need information and tools that allow you to leverage financial data that empowers you to perform your tasks effectively and efficiently.
Starting immediately, online office hours for the Financial and Accounting Services team will be used to address these crucial needs.
(Note: This announcement was edited Aug. 22, 2023 to change the guidance for submission of actuals adjustment requests.)
Campus colleagues,
Please review this important information about financial activities in the prior and current fiscal years. I also encourage you to share this with others who may benefit from this information.
Financial Report Review
The UC Merced Office of the Controller is issuing the following guidance on using Function 44 to record financial transactions related to research activities in the Oracle Financial System.
In preparation for the close of the fiscal year ending June 30, 2023, deadlines have been established to ensure timely review and submission of items and processes critical to closing the fiscal year. Review these deadlines carefully as they may have an impact on departmental planning and differ from those in previous years. It is essential that departments supply the necessary information by close of business (5 p.m.) on each of the specified deadlines.
An announcement from Associate Vice Chancellor and Controller Amanda Preston-Nelson:
We are happy to announce the appointment of two directors in the Division of Finance and Administration’s Business and Financial Services. Christie Harvey, who has held several key roles at UC Merced, has been named Director of Accounts Payable, Travel and Tax. Carol Dinuzzo, a Merced native with an extensive background in financial management, has joined the university as Director of Financial and Accounting Services.
UC Merced departments have begun the work required to close fiscal year 2021-22. To assist in this process, General Accounting has assembled documentation of fiscal close deadlines and other information.
As prescribed by the State of California, UC Merced must close its general ledger for FY2022 on June 30. For campus departments, two significant periods lead up to this date:
Division colleagues,
As part of DFA’s ongoing effort to improve service times, streamline processes and create synergies in the campus community, Business and Financial Services (BFS) will realign some of our core teams. This alignment uses the strengths of BFS team members who perform similar bodies of work, allowing us to balance our service offerings.
Effective June 1, the changes are as follows:
