Get the free FY17 Year-End Closing Instructions - University of Alaska System

Statewide Fund Accounting Phone: (907) 4508063 Fax: (907) 4508071209B Petrovich Building 910 Yukon Drive PO Box 756540 Fairbanks, AK 997756540May 18, 2017To:Kari Burrell, Michael Cirri, Pat Shier,

How to fill out fy17 year-end closing instructions

How to fill out fy17 year-end closing instructions

1. First, gather all the necessary financial information for FY17, including income statements, balance sheets, and cash flow statements.
2. Review the financial statements to ensure accuracy and completeness.
3. Identify any adjustments or corrections that need to be made to the financial statements.
4. Update any necessary schedules or supporting documentation.
5. Prepare the necessary journal entries to record any adjustments or corrections.
6. Post the journal entries to the general ledger.
7. Reconcile all balance sheet accounts to ensure they are accurate and complete.
8. Prepare any required financial reports or disclosures.
9. Review the financial statements and reports for compliance with accounting standards and regulations.
10. Obtain approval from management or the appropriate personnel.
11. Close the books for FY17 by transferring any remaining balances to the next fiscal year.
12. Prepare and distribute the final financial statements and reports.
13. Archive and maintain all financial records in accordance with company policies and legal requirements.

Who needs fy17 year-end closing instructions?

1. The finance department
2. Accountants
3. Financial analysts
4. Auditors
5. Regulatory agencies
6. Company executives

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What is fy17 year-end closing instructions?

FY17 year-end closing instructions are the guidelines and procedures that a company or organization must follow to complete the financial reporting process for the fiscal year 2017.

Who is required to file fy17 year-end closing instructions?

All companies or organizations that operate on a fiscal year basis and are required to submit financial reports must file FY17 year-end closing instructions.

How to fill out fy17 year-end closing instructions?

FY17 year-end closing instructions can typically be filled out online or using specific accounting software, following the provided guidelines and inputting the required financial data for the fiscal year 2017.

What is the purpose of fy17 year-end closing instructions?

The purpose of FY17 year-end closing instructions is to ensure accurate financial reporting, finalize financial statements for the fiscal year 2017, and comply with regulatory requirements.

What information must be reported on fy17 year-end closing instructions?

Information such as revenue, expenses, assets, liabilities, cash flow, and other financial data relevant to the fiscal year 2017 must be reported on FY17 year-end closing instructions.