April 30, 2012 Fiscal Year-end Closing


PDAD&C#47, 2011-12

To:   Principals, Deans, Academic Directors and Chairs
 Divisional Business Officers via AMS listserv
 Divisional Financial Officers via DFO listserv
 From:      Pierre Piché, Controller and Director of Financial Services
 Date:  March 16, 2012
 Re:  April 30, 2012 Fiscal Year-end Closing
 


As we approach the end of the 2012 fiscal year, it is important to ensure that all financial activity for the year is accurately recorded in your accounts prior to closing the accounts. In order to assist you, please refer to the following pages on the Financial Services website:

The following link provides a detailed explanation of year-end accounting guidelines, reporting requirements (including the divisional carryforward), AMS system availability and available training sessions. Please note that AMS will close for year-end processing on Thursday, April 26, 2012 at 8pm:
http://www.finance.utoronto.ca/gtfm/fm/reporting/fyclose.htm

For a detailed listing of submission deadlines and contact information:
http://www.finance.utoronto.ca/gtfm/fm/reporting/fyclose/yedeadlines.htm

Instructions for special processing and reporting after year-end closing (April 27 to April 30, 2012) will be available using the following link after April 1, 2012:
http://www.finance.utoronto.ca/Assets/Finance+Digital+Assets/gtfm/fm/amsmatrix.pdf

Specific questions may be referred to the following individuals:

Accounting Services Lou Ranalli

978-8185

Restricted Funds    Helen Choy 

978-2982

Training Sessions  Angela Namaro

978-4675

 AMS Availability  Lorena Gaudio 978-2802
 High Value Purchases  Leemor Fersht 946-3219
 UShop  Fengli Qiu 978-2990