Office of the Senior Vice President and CFO

General Accounting Office

The General Accounting Office supports and advances the mission of the University by providing accounting and financial services in a professional, courteous, and service-oriented manner while assuring that financial transactions adhere to University policies and procedures, generally accepted accounting principles, and where applicable, donor and other external restrictions, as well as preparing timely and accurate internal and external financial reports.

Under the direction of the Associate Vice President for Finance and Controller, the General Accounting Office’s primary responsibilities include:

  • maintain the integrity of the university’s financial system (Banner Finance)
  • review and approve non-grant purchase requisitions and all purchase requisitions containing equipment account codes
  • coordinate the fiscal year-end close
  • accounting and financial reporting for unrestricted, restricted (non-grant), endowment, plant, and agency funds
  • prepare monthly reconciliations and monthly and quarterly internal financial reports
  • prepare financial reports required by outside parties, including audited financial statements prepared on an accrual basis of accounting in accordance with U.S. generally accepted accounting principles as promulgated by the Governmental Accounting Standards Board, for the University, Foundation at New Jersey Institute of Technology, and its affiliated entities, the NCAA agreed upon procedures report, and various other financial reports as well as completing various financial surveys
  • prepare various federal and state tax returns
  • accounting for and safeguarding of university capital assets through tagging and periodic physical inventories