controller office tab Wellesley College
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ACCOUNTING

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Policy
Sample
Instructions


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Chart of Accounts
Finance Users Access

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Monthly Close
Year-End Close
Capital Assets
Authorized Signature


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2006-2007
2005-2006
2004-2005
Earlier Years

 

Fiscal Year-End Closing

For each fiscal year, the College is required to prepare financial statements which properly reflect the operations for the past year. These financial statements, which are prepared in accordance with generally accepted accounting principles, are audited by an external auditor and presented to the Board of Trustees. The College is also subject to certain state, federal and lending institution obligations that require timely financial reporting.

In order for the Controller’s Office to close the books in a timely manner, we require the assistance and attention of all departments in taking certain actions by specified due dates. We appreciate your help in this matter.

The following are links to detail policies for the year end closing:

blue dot General
blue dot Purchases
blue dot Adjustments
blue dot Budget Review

blue dot Reporting
blue dot Fixed Assets
blue dot Inventory

 

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