#  Financial Accounting and Reporting 

 



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Financial Accounting and Reporting (FAR) comprises the Financial Reporting group and Accounting Operations.

Financial Reporting contains the Financial Reporting/Tub Analyst Team and the Internal Controls Team.

**The Financial Reporting/Tub Analyst Team:**

- Produces the University’s Annual Financial Report
- Manages the University's annual financial statement audit
- Supports the external auditors on their work
- Coordinates the University’s internal controls initiative
- Manages University interim reporting (in partnership with the Office of Financial Strategy and Planning)

In addition, financial reporting supports senior management in the areas of financial reporting and analysis while providing technical accounting resources to the tubs and to central administration.

**The Internal Controls Team** partners with tubs and central units to assess the University’s core financial business processes and supporting information systems to identify and document internal controls. The team provides members of the financial community educational information and guidance concerning internal controls.

Accounting Operations consists of General Accounting and Investment/Endowment Accounting.

**General Accounting is responsible for:**

- Managing the University’s general ledger
- Chart of accounts
- Systematic allocations
- Fixed asset processes and accounting,
- Managing the month-end and year-end closings.

In addition, they perform general day-to-day operational accounting processes as well as work with FSS on system enhancements and upgrades to the general ledger.

**Investment and Endowment Accounting** oversees the accounting for endowments investments, gifts & pledges and split interest agreements. They work closely with Harvard Management Company in relation to the General Investment Account, the calculation of the monthly unit value, special non-cash investments, short-term investments related, and split interest agreements. They also ensure that the market value of each investment is accurately recorded in the general ledger. Other responsibilities include working with the Alumni and Development Services to ensure the timely processing of gift transfers, recording the treasurer’s distribution, and processing decap and recap request of endowment units.



 

##  How Can We Help You? 

 



  [### Tub Listing

 ](/consolidated-tubs) The tub listing is an inclusive list of all consolidated and non-consolidated Harvard tubs. Consolidated tubs are those that are included in Harvard's Financial Statements. Non-consolidated tubs are those that are not included in Harvard's Financial... 

 

 

   [### Object Code Master List 

 ](/object-code-master-list) To view the Object Code Master List and other helpful Chart of Account information, please visit the Client Services page below. <https://cs.fss.finance.harvard.edu/chart-accounts>

 

 

   [### Cross Validation Rules

 ](/how-to/financial-accounting-and-reporting/cross-validation-rules) Cross-validation rules (CVRs) are used within the Oracle financial systems to prevent the creation of invalid 33-digit account strings (CCIDs). Each cross-validation rule dictates what ranges of values may be used in combination with one another. Thus... 

 

 

   [### Chart of Accounts

 ](/how-to/financial-accounting-and-reporting/chart-of-accounts) Harvard's chart of accounts provides the organizing framework for budgeting, recording, and reporting on all University financial transactions. The Chart of Accounts is comprised of 7 Segments (Tub, Org, Object, Fund, Activity, Subactivity, and Root) that... 

 

 

   [### General Ledger

 ](/how-to/financial-accounting-and-reporting/general-ledger) The General Ledger (GL) is the central repository for transactions from Harvard's financial applications (PCard, HCOM, Web Reimbursement, Accounts Payable, Payroll) and other local interfaces. Manual journals are entries you make to the General Ledger... 

 

 

  

 

 [ More arrow\_circle\_right ](/how-to/financial-accounting-and-reporting) 

 

 

 

##  Contact Us 

Financial Accounting and Reporting  
1033 Massachusetts Ave  
Cambridge, MA 02138

T: (617) 495-4532  
F: (617) 495-1937



 

  [### Carlos Cevallos

 ](/people/carlos-cevallos) 

   [### Dina Dolbec

 ](/people/dina-dolbec) 

   [### Rebecca Ferber

 ](/people/rebecca-ferber) 

   [### Karen Gates

 ](/people/karen-gates) 

   [### Gena Gourley-Stonehouse

 ](/people/gena-gourley-stonehouse) 

   [### Tom Halevy

 ](/people/tom-halevy) 

   [### Courtney Hite

 ](/people/courtney-hite) 

   [### Greg McKetchnie

 ](/people/greg-mcketchnie) 

   [### Kerri Natale

 ](/people/kerri-natale) 

   [### VACANT POSITION

 ](/people/financial-analyst) 

   [### Lisa Talacci

 ](/people/lisa-talacci) 

   [### Nick Tonelli

 ](/people/nick-tonelli) 

   [### Dorothy Zarren

 ](/people/dorothy-zarren) 

   [### Emily Zasowski

 ](/people/emily-zasowski) 

  

 

 

 

 

##  Related Resources 

[**Disposal Request Form**](/disposal-request-form "Disposal Request Form")

This form may be used when disposing of both capitalized and non-capitalized equipment.

[**More**](http://hwpi.harvard.edu/controller/resources)