As a Commonwealth Entity the Australian National University has obligations under the Public Governance, Performance and Accountability (PGPA) Act 2013 (the Act).
To meet these obligations the University's accounts and records must be kept in a way that:
complies with any requirements prescribed by the rules under the Act;
enables the preparation of the annual financial statements; and
allows those financial statements to be conveniently and properly audited in accordance with the Act.
Process Overview
Year-end processing and reconciliation procedures are required to ensure that the University can meet both its obligations under the Act and the deadlines outlined above.
All staff with financial delegation or responsibility for financial administration must ensure they are familiar and comply with the university's year-end requirements, critical dates and deadlines.
Responsibility for the completeness and accuracy of information submitted in the year end process resides with the Head of Budget Unit.