Office of Financial Management Services
          FMS Newsletter

2007–2008 Year End Closing


YEC Newsletter Content

Year-End Closing: Important facts about year-end closing.

Year-End Closing Schedule: Print off a copy of the year-end closing schedule and keep important dates close at hand.

Year-End Production Reports: Available reports during the year-end closing process.

CAMS Closing: Year-end closing notes for Capital Asset Management.

Contract and Grant Closing: Year-end closing information for Contract and Grant accounts.

Auxiliary Accounting: Year-end closing information for Auxiliary and Service accounts.

Accounts Receivable: Changes with Write-Off Receivables and other Accounts Receivable news.

Accounts Payable: Year-end closing information for Accounts Payable.

FIS/TP Documents: A number of documents are designed specifically for processing financial transactions after June 30.

Clearing Accounts: Emerging policy on the use of clearing accounts.

IU Foundation Accounts: Fiscal year-end deadline information.
Expanded FMS Training Opportunities Coming this Summer

With the start of a new fiscal year, FMS is launching an exciting new training opportunity! A series of high-level annual seminars focusing on several different aspects of finances at Indiana University will be launched in July. Topics covered include financial policies, chart of accounts structure, and different types of accounting. Each session will be presented by an FMS expert ready to assist you in understanding how the financial process at our university works. 

The first session, an Overview of IU Financial Policies with Kathleen McNeely, will be held July 18th in the Poplars building at 400 East 7th Street, Room 183. Bill Overman will present an overview of the IU Chart of Accounts and Object Codes on August 26th.  Expect sessions in Accounts Payable and several accounting topics to become available this autumn. 

Registration for these sessions, as well as additional information about topics covered, will be available on the FMS Training registration page:  https://fdrs.fms.indiana.edu/cgi-bin/training/fis_schedule.pl/IUB. There will be a maximum of twenty-five seats available per session, so please register early to ensure a spot! 

If you have any questions, please contact Sheena Kindred, FMS Training Coordinator, at 856-4574 or spkindre@indiana.edu.

 

At a glance . . .

With this issue of the FMS Newsletter, we hope to provide our readers with information that will be helpful throughout the year-end closing process.

Checklist
Specific items that you should be aware of are discussed in the Year-End Closing Newsletter.

Schedule
Included in this newsletter is a Year-End Closing Schedule. You may want to print out a copy so you can access it more easily.

Documentation
You can access and download a number of current FIS Support Documents in both aspL and Microsoft Word versions.

Financial/FIS Training
For information on Financial/FIS training, or to view class schedules, go to the FMS Training page.


Block IU Last Updated 6/26/2008
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