The University of Tennessee – Knoxville
Office of Budget & Finance
Information and Instructions
The Controller’s Office prepares the University’s annual financial statements each year. An important component of the financial reports is the accurate accounting for and reporting of inventories, accounts receivable, accounts payable, deferred revenues, deposits, prepaid expenses, and revolving accounts. These categories are defined below.
Each department is required to determine if these categories exist as of the close of the accounting period – June 30, 2023. If these categories exist, the department must submit the required information to the Office of Budget & Finance by the date(s) noted on the reminder schedule to register the balances with the Office of Budget & Finance. The Office of Budget & Finance will review and in turn report the year-end journal entries to the Controller’s Office.
Instructions for accounting for and reporting information in these categories are provided on the following pages.
Fiscal Year End Reporting Manual June 2023
- Accounts Receivable
- Accounts Payable
- Deferred Revenues & Deposits
- Prepaid Expenses & Deferred Charges
- Revolving Account
Contacts for Assistance with Fiscal Year End Reporting
|Melissa Johnson, Assistant Director||865-974-2186|
|Pam Arrowood, Financial Specialist II||865-974-2428|