Financial Reporting section within Financial Services is charged with the responsibility of:
- Preparation of OUHSC accrual based financial statements which are annually subject to audit by an external certified public accounting firm
- Oversee and coordinate the OUHSC annual external audit
- Preparation of quarterly accrual basis financial reports for presentation to the OU Board of Regents
- Multiple other financial reports and surveys
- Tracking and reporting of endowed chair budgets, expenditures, and reimbursements
- Tracking of petty cash and change funds across campus
- Calculation of the annual OUHSC fringe benefit rate and reconciliation of the fringe benefit pool
- Calculation of the OUHSC Indirect Cost Rate (F&A) for sponsored programsContinual research and evaluation of financial information within PeopleSoft, to ensure accurate information is maintained – resulting in financial reporting that is as accurate as possible