Accounting Services

The University of Arizona has now issued its fiscal year 2021 Annual Comprehensive Financial Report (ACFR).

Financial Services and Sponsored Project Services, in conjunction with University Analytics and Institutional Research (UAIR), have developed a new UAccess Analytics dashboard page to help Fiscal Officers manage open Operational Advances.

Effective July 19, 2021, Object Code 5720 should no longer be used for equipment purchases.

The Employee Related Expense (ERE) rates used by the University must be negotiated through the United States Department of Health and Human Services, Cost Allocation Services; this negotiation has been successfully completed.

Effective immediately, the Government Finance Officers Association (GFOA) is asking all government finance professionals and industry affiliates to stop using the common four-letter acronym most often associated with the Comprehensive Annual Financial Report.

Effective July 1, 2021, the Financial Services Property Management team will discontinue issuing N-tags for all University-owned non-capital computers and computer peripherals costing less than $5,000 with no sponsor funding.

The University of Arizona receives Automated Clearing House (ACH) and wire payments that post in the UAccess Financials Electronic Payment Claim area.  There are 40 payments dating back to August of 2018 that remain unclaimed and require immediate review before they are sent back to its origination. 

Financial Services and Sponsored Projects & Contracting Services have updated policy 9.15 Operational Advances. Additionally, related forms have been created to utilize Adobe Sign for a paperless electronic routing and approval process.

The National Association of College and University Business Officers (NACUBO) is offering a group registration for the NACUBO 2021 Annual Meeting. The institutional group rate has been paid for by Business Affairs is now available for use by the university community. The meeting will be held virtually July 27 to 30, 2021. This is a great professional development opportunity for higher education professionals.