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Accounting News

Introducing DFA Essentials online learning for finance training

Aug 28, 2018

These scaled-down versions of the in-classroom trainings can provide an overview of essential information on a particular subject area before they go to a class or serve as a review after attending a class.

Disapproval of Enroute Financial Processing and Labor Distribution e-docs

Jun 27, 2018

Certain Financial Processing and Labor Distribution e-docs that are enroute on/before June 30 but not approved by 9:00 p.m. on June 30 will be disapproved.

FY18 Year-End Biweekly Payroll Accrual

Jun 19, 2018

DFA will be processing a biweekly payroll accrual for seven days, June 21, 22, 25, 26, 27, 28, and 29, that must be accrued as a FY 2018 expenses.

Accounts in deficit year-end reminders

Jun 06, 2018

Certain operating accounts (also referred to as net asset, fund balance, or reserve accounts) must be fully funded by fiscal year-end.

Employee benefit rates for FY 2019 and beyond

May 01, 2018

The contract college employee benefit rates for fiscal year 2019 and the endowed college employee benefit rates for fiscal years 2019-21 have been submitted to the Department of Health and Human Services.

LTIP fair value and units available on Organization Financial Activity dashboard

Feb 15, 2018

DFA is pleased to announce the monthly LTIP data from FY12 through FY18 through December 2017 has been loaded to the Organization Financial Activity dashboard in OBIEE.

Year-End Biweekly Payroll Accrual

Jun 07, 2017

DFA will post the biweekly payroll accrual to period 12 no later than July 6.

Contract college employee benefit rates for FY 2018

Apr 24, 2017

The new contract college employee benefit rates for fiscal year (FY) 2018 have been submitted to the Department of Health and Human Services for approval.

Training for the KFS 7 upgrade

Apr 07, 2017

Training options are available during the week before the upgrade to KFS 7. These webinars will be conducted via Zoom.

Open Seats for DFA Classes: April through June

Mar 30, 2017

Last chance to attend DFA classes for the school year (classes will resume in September 2017).

KFS is getting a facelift: Upgrade to KFS 7 to occur in April

Mar 30, 2017

On April 23, after a scheduled upgrade completes, KFS users will experience a new look and feel to the Kuali Financial System (KFS). The upgrade to KFS 7 will include usability improvements to enhance the user’s experience.

Feb 17-21 special chart of accounts procedures to support PeopleSoft upgrade

Feb 15, 2017

To support the PeopleSoft upgrade, special KFS procedures will be in place for chart of accounts e-docs.

Open seats for DFA classes January through March

Jan 04, 2017

DFA classes have open seats and are open to any person interested in learning more about Cornell accounting/finance policies.

Extended outage for KFS, e-SHOP, Travel, Procurement Gateway and PCard Receipt Submission

Dec 01, 2016

KFS, e-SHOP, Travel, Procurement Gateway and PCard Receipt Submission will be unavailable for an extended period December 2-3, 2016.

August Auxiliary Voucher deadline extended to September 6, 2016

Aug 12, 2016

Please remember to run your final monthly financial statements after September 6, 2016.

Year-end reminders: YE e-doc creation, account reversions, planned outages

Jul 14, 2016

Year-end deadlines and system outages for year-end closing.

Changes to year-end deadlines

Jul 12, 2016

Some year-end deadlines have changed due to an issue with the data load to KFS.

Year-End: Disapproval of enroute Financial Processing and Labor Distribution e-docs

Jun 28, 2016

In preparation for year-end closing, certain financial documents that are enroute on/before June 30 but not approved by 9:00 p.m., June 30 will be disapproved.

Year-end reminders for 2016

Jun 28, 2016

Reminders for transaction processing for fiscal year-end 2016,

Year-end biweekly payroll accrual processing

Jun 10, 2016

DFA will be processing a biweekly payroll accrual for six days, June 23, 24, 27, 28, 29 & 30 that must be accrued as FY 2016 expenses.

Year-end Accounts in Deficit requirements

Jun 03, 2016

Year-end reminders about accounts in deficit.

Contract College Benefit Rates for Fiscal Year 2017

Apr 28, 2016

The new contract college employee benefit rates for fiscal year (FY) 2017 have been submitted to the Department of Health and Human Services for approval.

New feature added to the KFS Account e-doc

Mar 16, 2016

A new feature has been added to the Account e-doc that makes it very easy to see in one place any notes and attachments ever added to the account.

New vendor type (RV) introduced; change to use of vendor type (SP)

Feb 25, 2016

Refund and Reimbursement Vendors will use Vendor Type RV. Vendor Type SP will be restricted to Special Payments authorized by the Tax Manager.

2016 IRS Standard Mileage Rates Announced

Jan 04, 2016

The IRS has announced 2016 Standard Mileage Rates for Business and Moving, effective January 1, 2016.

December month-end deadlines; Auxiliary Voucher deadline extended

Dec 10, 2015

Auxiliary Voucher deadline extended to January 6, 2016; Run monthly financial statements after January 6.

Year-end e-doc creation and KFS extended outages

Jul 16, 2015

Updates about the 2015 year-end process.

Year-end Requisition Processing Deadlines

May 12, 2015

Year-end requisition processing deadlines from Procurement Services.