Introduction

The major responsibilities of the Financial Reporting unit are:

• Preparation of the University's Annual Financial Statements.
• Administration of the financial aspects of the University's research and non-research contracts. This includes opening FMIS projects for successful grants, raising budgets, collection of income, monitoring expenditure against conditions and producing financial reports as required in the contracts.
• Monitor changes to accounting standards to ensure reporting is in line with current
  standards.
• Review of Trial Balance to ensure Budget Centres are using the FMIS chart of accounts correctly.
• Administration of University Trust Funds to ensure funds utilised in line with donor's
  bequests.
• Review asset accounting transactions produced from Pinnacle to ensure these meet
  accounting standards.
• Provide detail on contract budgets for inclusion in the University's all inclusive Budget
  document.
• Provide detail on end of year accruals for inclusion in the University's Accrual Budget document.
• Provide financial reports to the non-University entities on the FMIS, which include CRC for Sustainable Production Forestry, Antarctic CRC, University Foundation and Australian Music Examination Board.