Annual Closing 2021: Financial Management Overview

This lecture covers the annual closing procedures for the year 2021 at EPFL, focusing on financial management, accounting principles, and consolidation processes. It includes presentations by key accounting personnel, Q&A sessions, documentation availability, and detailed instructions for closing accounts, managing funds, and handling financial transactions. Topics include consolidation scopes, deadlines, stock management, IPSAS standards application, and the importance of balancing designated funds. The lecture emphasizes the meticulous handling of invoices, assets, liabilities, and transitional items to ensure accurate financial reporting and compliance with accounting regulations.