To ensure compliance with external regulatory requirements and financial management the College Financial Controls Framework requires a comprehensive balance sheet account reconciliation to be regularly performed. Additional information about the Financial Controls Framework can be found on the Finance wiki.

The purpose of an account reconciliation reconciliation is to confirm that the account balance is accurate, valid, and complete. By completing reconciliations for all balance sheet accounts on a regular basis assurance is obtained that College financial information is reliable and informative.

Information on the College reconciliation policies, best practices, and the reconciliation project can be found in the pages linked below.

Account Reconciliation News

Financial Year End

The timeline for the completion of the 2018 - 2019 financial year end account reconciliations is as follows.

2018-2019 financial year end reconciliations
Reconciliation TypePrepared ByApproved By
 Key reconciliation  Friday 23 August​ 2019  Friday 30 August​ 2019
 Non key reconciliation  Tuesday 27 August​ 2019  Tuesday 3 September​ 2019
Summary of the table's contents
 
ICIS General Ledger account balances will be loaded into Blackline from 1 August 2019 as follows:
 
ICIS General Legder trial balance data loads to Blackline
DatesFrequencyComment
Thursday 1 August 2019  N/A  First data load.
Monday 5 August – Sunday 11 August 2019  Weekly  One load on Monday 5 August 2019.
Monday 12 August 2019 onwards  Daily  

 
Further information can be found here.
 

Contacts

  • Account Reconciliation Administrator

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    Account Reconciliation Administrator