REGENTS OF THE UNIVERSITY OF CALIFORNIA

The University of California has adopted a new financial Chart of Accounts (COA) structure with the goal to simplify and modernize financial reporting. The COA is a foundational component of the Campus Financial System (CFS) and drives financial reporting for all departments, so transitioning to a new COA structure essentially requires re-implementing the entire CFS. This project represents an enormous opportunity to improve overall financial management processes and reporting on our campus, as well as retire a number of aging systems... The core CFS has historically been oriented toward central offices and UC Office of the President (UCOP) reporting, and has not always met the financial reporting and management needs of campus units and projects. Elements of the new system will make it easier for all levels of organizational units to create budgets, categorize transactions, analyze, plan, and manage their financial accountability... As part of this adoption, our campus will be..

Primary location: Santa Barbara United States