Changes in Institutional Accounts (IACTs)

July 13, 2015

Budget Officers,

I would like to inform you of important changes in Institutional Accounts (IACTs).  We have added new & removed existing IACT(s), updated usage of existing IACT’s and clarified some existing definitions.  Please visit http://afr.fo.uiowa.edu/fy2016-changes-institutional-accounts-iacts for a summary of all changes.  These changes are also reflected in our Accounting Code Manual (http://www.bo.uiowa.edu/~glaccman/index.cfm). 

If you have any questions or comments, please send them to Accounting & Financial Reporting.  Have a great weekend!

Thank you,

Selina Martin