To ensure all financial and accounting transactions are recorded in the fiscal year in which they are made to properly report the University’s financial position as of June 30.
As an agency of the Commonwealth of Kentucky, the University of Kentucky’s fiscal year begins July 1 and ends June 30. In compliance with accounting standards, the University must record all financial transactions in the fiscal year in which they occur. This policy establishes the procedures necessary to ensure compliance with these accounting standards.
ZGL_TRBR1_FUND for funds.
This will enable as many corrections as possible to be processed prior to the availability of monthly Tableau reports and detail transaction reports.