Florida International University - Office of the Controller Main Web Page
Florida International University Main Web PageOffice of the Controller - Chart of Account's Update Project
Office of Finance & Administration Home PageOffice of the Controller Home PageAbout UsController's Office Organizational ChartDepartmentsNewsFormsIndex
  About Us
  Organizational Chart
  Contact Us

Controller's Office > Departments > Chart of Accounts Redesign Project


  The Project Team will communicate with the community in a variety of ways as the Go-Live date approaches. Should   you have comments or feedback, please contact us.


  The goal of the Chart of Accounts (CoA) Redesign project is to develop a financial structure which will identify,   capture and report activities of the institution in the University’s financial system accurately and in sufficient detail to   be used independently or in conjunction with other systems and to provide senior management with information   necessary for Financial and Management Reporting.

  This CoA structure should: 

  • Be driven by the analytical and reporting needs of the institution
  • Be flexible enough to accommodate future growth
  • Facilitate the consistent use of the chart by each operating unit across the institution
  • Facilitate achieving fewer errors, more transparency, and consistency
  • Minimize
    • Training requirements for users
    • Frequent coding errors
    • Difficulty in performing analytical studies
    • Inadequate information for use in budgeting and researching the causes of variances
  •   This effort requires a thorough review of the current account structure and business needs of the institution and the   development of a new structure based on those needs. A large amount of effort will be needed to determine how to   map and convert balances and historical data to the new Chart of Accounts structure. This strategy projects a go-live   date of July 1, 2012, six months after the go-live date of the PeopleSoft HR\Payroll System. 



    Office of the Controller