Division of Financial Affairs
Accounting
As President Pollack has issued the statement asking units to complete and implement emergency response plans by March 20, we in the Division of Financial Affairs (DFA) have completed our plans and have implemented remote work for as many of our staff members as possible as of Tuesday, March 17.
New and updated training courses are available, including the Accounting and Procurement certificate programs, starting this fall.
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.
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.
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.
Certain operating accounts (also referred to as net asset, fund balance, or reserve accounts) must be fully funded by fiscal year-end.
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.
DFA will post the biweekly payroll accrual to period 12 no later than July 6.
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 options are available during the week before the upgrade to KFS 7. These webinars will be conducted via Zoom.
Last chance to attend DFA classes for the school year (classes will resume in September 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.
To support the PeopleSoft upgrade, special KFS procedures will be in place for chart of accounts e-docs.
DFA classes have open seats and are open to any person interested in learning more about Cornell accounting/finance policies.
KFS, e-SHOP, Travel, Procurement Gateway and PCard Receipt Submission will be unavailable for an extended period December 2-3, 2016.
Please remember to run your final monthly financial statements after September 6, 2016.
Year-end deadlines and system outages for year-end closing.
Some year-end deadlines have changed due to an issue with the data load to KFS.
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.
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 reminders about accounts in deficit.
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.
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.
Refund and Reimbursement Vendors will use Vendor Type RV. Vendor Type SP will be restricted to Special Payments authorized by the Tax Manager.
The IRS has announced 2016 Standard Mileage Rates for Business and Moving, effective January 1, 2016.
Auxiliary Voucher deadline extended to January 6, 2016; Run monthly financial statements after January 6.
Updates about the 2015 year-end process.
Year-end requisition processing deadlines from Procurement Services.
