Fayetteville Policies and Procedures  310.0 

Cut-Off Dates for Fiscal Year Accounting

Financial Affairs is responsible for the preparation of the fiscal year-end financial reports. To ensure accurate reports, all departments must process their financial transactions in a timely manner.

Financial Affairs  sets all applicable cut-off dates related to financial transactions. Cut-off dates are established to ensure transactions are recorded in the proper fiscal year based on underlyying transaction details. Notice of the various cut-off dates is communicated via the "Year-End Information", which is posted on Financial Affairs' websites. Other notifications may be sent to specific departments whose financial structure calls for specific additional transactions, such as inventory valuation and accounts receivable.

Revised August 5, 2024
Reformatted for Web April 1, 2014
Revised January 3, 2008
June, 1998