Financial Accounting and Reporting

Financial Accounting and Reporting

What We Do

  • Journal entries to reclassify, correct or transfer ‘Actuals’ transactions
  • Chargeback processing for campus service centers to campus and auxiliary organization departments
  • Invoice and billing for cost recovery and other revenue
  • Cash Posting Orders (CPOs) preparation and process
  • Project Estimate & Work Authorization Form (PEWAF) accounting transactions
  • Creation and maintenance of Fund, Account, and Project chartfields and campus local Trust agreements
  • Process employee payroll deductions for parking permits
  • Monthly, quarterly and annual Financial Information Reporting Management System (FIRMS) for Systemwide reporting
  • Annual reporting to the State Controller’s Office
  • Coordination of closing accounting ledger for month-end, year-end close and Generally Accepted Accounting Principle (GAAP) financial reporting

Our Mission

Financial Accounting and Reporting’s (FAR’s) mission is to ensure that the University operates and complies with standard accounting and regulatory practices by creating an environment that fosters financial integrity and timeliness.  FAR provides administrative and fiscal support by providing accurate and prompt customer service to the members and departments of the campus community.

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