Closing of the Books
Fiscal Year 2004-2005 Introduction
Thank you for all your assistance in following the year-end closing instructions. The accuracy and timeliness of year-end closing are critical to the preparation and audit of the annual financial statements. The closing instructions are divided into two groups: 1) Banner FIS Year-end Closing Instructions, and 2) Banner Fixed Assets Year-end Closing Instructions.
| Except where otherwise specified, all schedules and information requested in the Closing Instructions are to be submitted to Mary Gaffney. The preferred delivery method is via e-mail attachment to mary_gaffney@ous.edu. Submissions that cannot be e-mailed may be faxed to 541-737-0850, or mailed to P.O. Box 488, Corvallis, OR 97339-0488. Mary can be reached via phone at 541-737-9550. |
| CB | Closing of the Books - Tasks that must be completed to close the books through period 14 |
| FS | Preparation of Disclosures for Financial Statements - Additional information we will need to prepare the financial statements and related notes |
| EA | Preparation of Requests from the External Auditors - Information that external auditors will be reviewing as part of their audit of the financial statements |
| CI | Other Compliance Issues - Generation of various reconciliations and reports to comply with specific requirements |
There are three different summaries of this information:
Closing Deadlines in Date OrderThe Banner Fixed Assets Year-end Closing Instructions are separately presented. These procedures are critical to ensure that:
Closing Deadlines in Calendar Format
Closing Deadlines by Job Function
- All capital assets are recorded in the Banner Fixed Assets module
- Banner Fixed Assets module reconciles to Banner FIS
If you have any questions or concerns, please contact Mary Gaffney at (541) 737-9550 or Mary_Gaffney@ous.edu.
