Finance
Complex Transactions

Review of Complex Transactions

The Controller's Office is responsible for ensuring the accuracy and completeness of the University financial statements prepared in accordance with Generally Accepted Accounting Principles. As part of preparing the financial statements we must understand many complex transactions and evaluate proper accounting and disclosure. We ask that department administrators and business managers consider new transactions and activity initiated during the year and communicate those transactions and activities to the Controller's Office for evaluation of proper accounting treatment and proper disclosure in the University's financial statements.

Examples of transactions that might need evaluation by the Controller's Office include the establishment of new entities, purchasing investments, contracting with outside agencies or consultants, utilization of third party administrators and leasing agreements. Please contact Bob Herr in Financial Reporting at bob.herr@yale.edu, or call 432-5527 to discuss significant or complex transactions that may require accounting and disclosure analysis.

If you have any questions, please contact Uma Shankar (uma.shankar@yale.edu) or Cary Scapillato (cary.scapillato@yale.edu.