pbc (prepared by client) YEAR-END GAAP TRAINING APRIL 2017 pbc (prepared by client) Liezl Sangalang, Senior Audit Manager, KPMG Sheralin Klinthong, Associate Director, Chancellor’s Office

YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING APRIL 2017 Learning Objectives Identify the enhancements in the PBC List Identify the new PBC items Identify the PBC items no longer required Identify which PBC templates/formats are required vs. recommended Understand the modifications in PBC templates Understand the purpose of certain PBC items Be aware of the upcoming enhancements in the PBC SharePoint site

What’s NEW in the PBC List? YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING APRIL 2017 What’s NEW in the PBC List? Change in format to allow users to sort the PBC items Updated the GAAP Manual Reference/TM1 column Updated the Required Format column Added the Status of Template column Revised New No Change Only one column for the Due Date

YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING PBC List Reminders Upload the PBC list tracker as PBC000 Campus to indicate date submitted or mark as “N/A” Carefully review the list especially description and references, do not rely on PRIOR YEAR PBC requiring “details” or “subject to sampling” would require the lowest level of information (i.e. transaction level)

YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING APRIL 2017 PBC Items Financial Preparation and Reporting Checklist PBC 11 Segregated by Parts and Due Dates Component Units Deliverables PBC 18* PBC 18 – Financial Statements only PBC 18A – GAAP Reporting Checklist PBC 18B – Campus President’s Letter to CFO PBC 18C – Single audit reports (if applicable) PBC 18D – Auditor’s letter to management PBC 18E – Blended vs. Discretely Presented Questionnaire *These are existing deliverables that were submitted via email in prior years. These are added to PBC items to assist SFSR in tracking submissions.

YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING APRIL 2017 PBC Items Return on Surplus Documentation PBC 153* SRB Fluctuation Analysis PBC 154* *These are existing deliverables that were submitted via email or TM1 in prior years. These are added to PBC items to assist SRB in tracking submissions.

YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING APRIL 2017 Deleted PBC Items Investment Leadsheet PBC 50 KPMG to refer to TM1 YES Note 3.2 and 3.3 Legal to GAAP Investment Rollforward PBC 55 No longer needed due to change in SRB reporting requirements Accounts Receivable Aging (Exhibit 18) PBC 59 Lease and Notes Receivable PBC 69 KPMG to refer to TM1 YES Note 4.2 and 4.3

Deleted PBC Items (cont.) YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING APRIL 2017 Deleted PBC Items (cont.) Other Non-Operating Revenues(Expenses) PBC 135 No longer needed due to creation of new GAAP account for interagency transfers Financial Reporting Checklist PBC 120 Combined with PBC 11 Financial Preparation and Review Checklist Payroll and Compensated Accruals Leadsheet PBC 145 and 145a No longer needed due to change in SRB reporting requirements

Other PBC related Items YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING APRIL 2017 Other PBC related Items Detailed listing of expenditures PBC 137 Detailed testing at transaction level Clarification on the audit approach over GAT/GAM entries Tuition and fees PBC 126 and 127a Disaggregation of details (see Exhibit 33) Tuition Discounting/Financial Aid/Scholarship and Allowances PBC 132 ,131 and 138 Clarification on the audit approach over the related accounts

Other PBC Related Items YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING APRIL 2017 Other PBC Related Items Exhibit 33

What’s NEW in the PBC SharePoint Site? YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING APRIL 2017 What’s NEW in the PBC SharePoint Site? Includes ALL Passdown Schedules (GM Chapter 5) Includes GAAP Coordinators Lists Campus can review the lists real time (read-only) KPMG can see contact lists real time Automation of the request process (in-progress) – NO emails Quick and Easy Upload – email address will be used to identify the campus name and PBC reference number to identify the audit type. IN-PROGRESS

YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING APRIL 2017 Resources: PBC SharePoint Site GAAP Accounting and Reporting Manual SFSR GAAP email address SFSR_GAAP@calstate.edu

YEAR-END GAAP TRAINING APRIL 2017 YEAR-END GAAP TRAINING Questions and Answers