BANNER FIS CHART OF ACCOUNTS, Proposed Changes

Proposed changes to the Banner FIS Chart of Accounts are available  at the link above, located on the Accounting & Reporting section of the Controller's Division web pages.

ACCOUNTING AND FINANCIAL REPORTING

05.240 Accounting For Receivables

This is a new policy number and title which establishes system-wide standards for the accounting of accounts receivable and notes receivable.  Once this policy is finalized it will replace the former FASOM Section 6 which is located under the "General Accounting Index" heading within the Fiscal Policy Manual.  The whole FASOM Section 6 policies are pre Banner so they are outdated and no longer relevant.

Please send policy comments/recommendations to Kristie Williams (kristie_williams@ous.edu) by November 15, 2012, via a coordinated campus response through each campuses’ Business Officer.

PROCUREMENT AND CONTRACTING

70.500 PROCUREMENT AND CONTRACTING CODE

This new policy has been created to reflect the current OARs for OUS  procurement rules (Division 60, 61, 62, and 63).  This policy will be replacing FASOM - Section 13.02 "Purchasing - Competitive Procedures, Procurement and Contracting of Goods and Services."

Please send policy comments/recommendations to Kristie Williams (Kristie_Williams@ous.edu ) by February 10, 2012, via a coordinated campus response.

This draft proposal was announced via e-mail on January 23, 2012 to the Directors of Business Affairs; Directors of Purchasing; and the Facilities Directors.