Systemwide GAAP Timeline Sedong John and Sheralin Klinthong, SFSR Chancellor’s Office Year-End GAAP Training April 18, 2014.

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Presentation transcript:

Systemwide GAAP Timeline Sedong John and Sheralin Klinthong, SFSR Chancellor’s Office Year-End GAAP Training April 18, 2014

April 2014Year-End GAAP Training2 Key Milestones in Systemwide Audit in FY

April 2014Year-End GAAP Training3 Master Timeline FY

Master Timeline  Where to find the master timeline? -Available in the SFSR website GAAP drop down menu (no longer part of the GAAP Manual) April 2014Year-End GAAP Training4

Master Timeline April 2014Year-End GAAP Training5

Master Timeline April 2014Year-End GAAP Training6 a. Systemwide Budget Office Item B-001- FIRMS Final Budget Item B-002 – FIRMS Period 7 Adjustments b. NCAA AUP Report Item G-157 c. GAAP Data Integrity Certification Item G-158  Added campus deadlines for the following:

Master Timeline method of submission contact person  Added the method of submission and/or contact person April 2014Year-End GAAP Training7

April 2014Year-End GAAP Training8 Take note of key dates ! Master Timeline

April 2014Year-End GAAP Training9 5/12/14 – Interim PBCs are due May 8/07/14 – Start of weekly GAAP calls 8/25/14 – Submit reporting package v.1 8/26/14 – 1 st Day of audit fieldwork (10 campuses) and final PBCs are due August Key Dates in Systemwide Audit

April 2014Year-End GAAP Training10 9/05/14 – Submit reporting package v.2 9/08/14 – Submit GAAP Data Integrity Form 9/19/14 – Auxiliary organizations’ audited F/S (or final draft) to be submitted to the campus 9/24/14 – Submit FINAL reporting package September 10/10/14 – Notify SFSR for any major subsequent events 10/15/14 – CSU to issue audited F/S and A- 133 Single Audit Report October Key Dates in Systemwide Audit (cont.)

April 2014Year-End GAAP Training11

Thank You Sheralin Klinthong Associate Director Financial Reporting & Review (Tel) ( ) April 2014Year-End GAAP Training12

April 2014 Year-End GAAP Training13