MISSION STATEMENT

The mission of the General Accounting Department is to perform the official financial duties of the University of Delaware and to provide and maintain the official accounting records and related systems of internal control in accordance with accounting principles and standards set by the Financial Accounting Standards Board (FASB), University policy and procedures, the requirements of federal and state governmental agencies, and external funding sources. To maximize customer service support, the department also provides training, instruction, assistance, and advice to University personnel charged with financial management and control, especially new personnel. Feel free to contact any of us with specific questions, or if you have any general questions or comments please notify us via email at General Accounting, telephone at (302) 831-2175, or fax at (302) 831-6396.

DAILY TRANSACTION VERIFICATION

The General Accounting Department verifies the data in the Balances and Transaction tables each morning. We will notify the campus community as soon as possible if we experience any inconsistencies.

STATUS OF MONTH-END CLOSE

May 2008 CLOSE

Month-End Close Process (check mark indicates completion)

Close Web Journal Form (Noon of the second business day of the following month)
Run Fringe Benefits (General Accounting)
Apply F & A (RGS)
Close Month (General Accounting)
Generating Statements using Purpose Web Statement Process (Campus Community) The campus community should utilize the Purpose Web Statement Process to run statements as they wish. https://chico.nss.udel.edu/stmtview Statements run after the month has been closed are "Final". The campus community may find the UDQ-  UDQ_REF_PURPS_W_ACTIV_BY_ADM - very helpful in identifying the purposes on which you are an Approver, Report Recipient or Viewer, that have had activity during a particular accounting period.

Helpful Resources:

Go to UDFS/info and Monthly Statements Training for more information on running queries and reading your statement.

Reading Your Monthly UD Financial Purpose Statements: OPBAS OPSS

Salary Classification Reference Sheet

FY2007-2008 Benefit Rates

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Please direct questions to : General Accounting
telephone: (302) 831-2175
fax: (302) 831-6396

URL of this document : http://www.udel.edu/genacct/
Last Updated Thursday, June 5, 2008
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