Financial Reporting, Accounting Operations, & Student Accounting

Overview - Financial Reporting

Financial Reporting is responsible for the University’s internal and external financial reporting, as well as analyzing its performance. The office prepares monthly and annual consolidated statements for the University and its subsidiaries in accordance with accounting principles generally accepted in the U.S. The team also manages a system of internal controls to ensure timeliness and fair presentation of consolidated financial statements that are free from material misstatement.

The office is responsible for monthly and annual financial accounting closing processes and for researching new transactions and accounting standards. It also serves a liaison role both between the University and external auditors and between the Division of Finance and Schools/Centers on accounting matters.

Overview - Accounting Operations

Accounting Operations is responsible for properly recording transactions between the University, related entities, and affiliates, and for reconciling operating cash accounts on a monthly and annual basis. The office also maintains BEN Assets, the University’s property management system that tracks capital assets purchased by University departments, and directs the annual moveable equipment inventory process for research-specific assets.