Page 4 - Year-End Accruals and Reversals

F IN A N C E R EF ER EN C E G UI D E

 Central Finance reversal to zero out the expense that originally posted in FY 21.
 Further Finance team corrections to Event and Program codes (no net dollar impact across either fiscal year).

The Journal Line Desc field on Central Finance accrual and reversal journals will typically start with
“ACCR” and can help you more easily identify accrual and reversal journal entries.

Adding a column to the right of the Monetary Amount that is the absolute value of Monetary Amount
will allow you to sort your transactions by the absolute value amount. Because all transaction amounts
will be stated as absolute value (in the example above all would be positive $10,000), related accrual and
reversal transaction lines will be grouped together in your Excel document and easier to find when
reviewing your transaction detail. Click here for more details about using the absolute value function in

Excel.

For additional help or to provide feedback, please contact the Finance team via a ServiceNow Finance
General Inquiry.

EMORY ADVANCEMENT AND ALUMNI ENGAGEMENT | FINANCE REFERENCE GUIDE | Updated 10.19.21 3