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Accounting News

Open Finance Classes for January 2023 through June 2023

Dec 07, 2022

The following finance classes are available from January 2023 through June 2023 and are open to any person interested in learning more about Cornell accounting/finance policies.

Open Finance Classes for September 2022 through December 2022

Jun 30, 2022

Finance classes are available from September 2022 through December 2022 are open to anyone interested in learning more about Cornell's accounting and finance policies.

2022 ADI Summer Internship Program

Mar 31, 2022

Exciting, paid internships will be available for summer 2022.

Open finance classes Jan. - June 2022, including Travel

Dec 07, 2021

Enrollment is now open for finance classes being held January 2022 through June 2022. Classes are open to any person interested in learning more about Cornell accounting/finance, payroll, and procurement policies.

Legacy Web Financials (WebFin) will be retired April 1, 2022

Nov 22, 2021

Data available prior to the KFS implementation in July 2011 will continue to be accessible through other applications and WebFin2 will remain available.

The revised Business Expenses policy is now available

Jun 24, 2021

University Policy 3.14, Business Expenses has been updated to help you identify the most prudent use of these funds as well as the approvals that are required prior to spending resources.

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.

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.

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.

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.

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 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.

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.