Fiscal Year-end Closing: April 30, 2012

PDAD&C#47, 2011-12

To: Principals, Deans, Academic Directors and Chairs
Divisional Business Officers via AMS listserv
Divisional Financial Officers via DFO listserv

From: Pierre Piché, Controller and Director of Financial Services

Date: March 16, 2012

Re: April 30, 2012 Fiscal Year-end Closing

As we approach the end of the 2012 fiscal year, it is important to ensure that all financial activity for the year is accurately recorded in your accounts prior to closing the accounts. In order to assist you, please refer to the following pages on the Financial Services website:

The following link provides a detailed explanation of year-end accounting guidelines, reporting requirements (including the divisional carryforward), AMS system availability and available training sessions. Please note that AMS will close for year-end processing on Thursday, April 26, 2012 at 8pm:
http://www.finance.utoronto.ca/gtfm/fm/reporting/fyclose.htm

For a detailed listing of submission deadlines and contact information:
http://www.finance.utoronto.ca/gtfm/fm/reporting/fyclose/yedeadlines.htm

Instructions for special processing and reporting after year-end closing (April 27 to April 30, 2012) will be available using the following link after April 1, 2012:
http://www.finance.utoronto.ca/Assets/Finance+Digital+Assets/gtfm/fm/amsmatrix.pdf

Specific questions may be referred to the following individuals:

Accounting Services Lou Ranalli 978-8185
Restricted Funds Helen Choy 978-2981
Training Sessions Angela Namaro 978-4675
AMS Availability Lorena Gaudio 978-2802
High Value Purchases Leemor Fersht 946-3219
UShop Fengli Qiu 978-2990