FY19 - Variance Analysis Reports

News

Published: 16Apr2019

This e-mail is sent to you on behalf of Ani Kotchounian, Senior Finance Officer, Financial Services
 

Hello Colleagues,

As presented at the Year-End Reporting and Communication session, your faculty/unit variance analysis is due on Thursday May 30th via email to ani.kotchounian [at] mcgill.ca.

Pease sign into the financial services website at http://www.mcgill.ca/financialservices/reporting/yearendvariances to retrieve your reports. For a step by step comprehensive guide, please refer to “variance analysis how to document” and provide explanations for all line-items identified in red. The appendix should serve as your guide for the expected response.

Please note that although the reports can be refreshed daily, it is imperative that you refresh the reports one final time after May 22nd, 2019 to allow for salary accruals and the overhead recovery fee to be posted. These adjusted figures should be used to comment on your variances.

Please remember that the explanations you provide are verified by our external auditors and appear in the official Financial Statement Analysis (FSA) and Board of Governors Annual Report.

Should you have any further questions, do not hesitate to contact me. Thank you in advance for your assistance.

Sincerely,

Ani Kotchounian