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.
|Reconciliation Type||Prepared By||Approved By|
|Key reconciliation||Friday 23 August 2019||Friday 30 August 2019|
|Non key reconciliation||Tuesday 27 August 2019||Tuesday 3 September 2019|
|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|
Account reconciliation key links
Account Reconciliation Administrator
Personal detailsAccount Reconciliation Administrator