FAQs
- What’s Being Done?
- Why Are We Doing It?
- Will It Make My Life More Difficult?
- When Will It Happen To Me?
- How Do I Find Out More?
- University-wide financial process standardisation
- New Chart of Accounts and sub-ledgers
- New Budget Framework
- New reporting structures
- Updated My Cost Centres
We’ll Get:
- Improved financial reporting and easier ‘one stop’ access to financial detail
- Better financial management with standardised budgeting and reporting approaches
- Better visibility of research project activity and profit contribution
- More meaningful cross-university results analysis
- More clarity and control of Professional Development and Scholarship expenditure
Will It Make My Life More Difficult?
In general, no. Some people will be required to code financial documents and transactions (for example, invoices) differently, but for the most part the impact will be confined to Accountants and Finance Officers.
UniSAInfo My Cost Centres will be updated to reflect new accounting structures – training and information will be forthcoming
Training and information sessions begin in November 2006.
Implementation occurs 1 January 2007.
Your Divisional/Unit Accountant should be able to provide you with information.
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