FDA STAFF MANUAL GUIDES, VOLUME III - GENERAL ADMINISTRATION
MONTH, QUARTER AND YEAR END CLOSE
Effective Date: 09/16/2008
|5. Effective Date|
To outline the requirements for FDA month, quarter and year end close.
The month, quarter and year are closed out to enable the Office of Financial Management (OFM) to reconcile accounts and identify errors or areas of concern.
All users of the UFMS system, except key essential users, must be locked out of all modules: 1) the night before the 1st of the month for month end close; 2) the night before the first day of the quarter for quarter end close; and 3) the night before the 1st of the year for year end close. Once a period has been closed, it must stay closed unless authorized by the Deputy CFO; Director, OFM; or Director, Division of Accounting, OFM.
It is the responsibility of the Director, OFM; Director, Division of Accounting, OFM; and Director, Division of Financial Support Services, OFM to ensure that each month, quarter and year are closed according to policy.
5. EFFECTIVE DATE
This policy was signed by John P. Gentile, Associate Commissioner for Operations, effective September 16, 2008.
6. Document History -- SMG 2350.2, Month, Quarter and Year End Close
|STATUS (I, R, C)||DATE APPROVED||LOCATION OF CHANGE HISTORY||CONTACT||APPROVING OFFICIAL|
|Initial||09/16/2008||N/a||OC/OO/OM/OFM||John P. Gentile, Associate Commissioner for Operations|