The California State University (CSU) GAAP Reporting Manual 2008 11 © 2008 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All.

Slides:

Advertisements

Similar presentations

Prepared by Client (PBC) List Chapter 9 Presented by KPMG LLP KPMG LLP

Advertisements

Capitalization of Interest Cost Presented by CSU and KPMG LLP.

SCO GAAP Submission Roberta McNiel and Su Chen, SFSR Chancellor’s Office Year-End GAAP Training April 18, 2014.

Reporting Deadlines (Chapter 8) Highlight (Chapter 8)

May 2008 GAAP Reporting Workshop © 2008 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved. Printed in U.S.A.

SAS 112 – The Year After Presented by Chris Ray Partner - KPMG LLP KPMG LLP.

The California State University (CSU) GAAP Reporting Manual © 2009 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All.

Information Risk Management in the Audit Chapter 9 Presented by Dee Dee Owens, Senior Manager KPMG LLP KPMG LLP.

Auxiliary Organizations Presented by Mark Thomas Partner - KPMG LLP KPMG LLP.

The California State University (CSU) GAAP Reporting Manual ORA 1 © 2008 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative.

The California State University (CSU) GAAP Reporting Manual © 2009 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All.

Highlights of Changes to the Reporting Package Chapter 9 Presented by Lily Wang Chancellor’s Office KPMG LLP.

Common Reporting Errors. Identified by the SCO in Prior Years – Legal SCO recognizes revenues only for current year and prior year. Anything older than.

Cash Flows Update Chapter 6 Presented by KPMG LLP and CSU.

The Audit Process Chapter 9 Presented by Jessica C Smith, Manager KPMG LLP KPMG LLP.

ORA Table of Contents Topic CHAPTER 1 – OVERVIEW I. History II. Converting from Legal Basis Accounting to GAAP III. Business-Type Activities Model.

Information from the Chancellor’s Office Chapter 5 KPMG LLP.

Reporting Package Update Chapter 9 Presented by Lily Wang CSU, Chancellor’s Office KPMG LLP.

SRB GAAP Preparation Presented by: Kathy Skara, CO and Frank Wimer, KPMG LLP AUDIT.

The California State University (CSU) GAAP Reporting Manual © 2009 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All.

The California State University (CSU) GAAP Reporting Manual © 2009 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All.

Information Risk Management in the Audit Chapter 9 Presented by Julie Flaiz-Windham, Senior Manager KPMG LLP KPMG LLP.

© 2009 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved. Printed in U.S.A. KPMG and the KPMG logo are registered.

Faculty Release Time and Energy Rebates Presented by Sherry Pickering AUDIT.

Reporting Requirements Chapter 12 Presented by Kathy V. Lai, Manager KPMG LLP KPMG LLP.

PBC List – General Update

SAS 112 Update Chapter 9 Presented by Chris Ray, Partner KPMG LLP KPMG LLP.

Chapter 8 Auxiliary Organizations June 30, Key Deadlines (Overview, page 8-2) 4th Quarter FIRMS data submission - July 31, 2006 to Chancellor’s.

PREPARING FOR AN AUDIT Presented by Chris Ray Partner - KPMG LLP Presented by Chris Ray Partner - KPMG LLP.

Completing Your Reporting Package and Stand-Alone Financial Statements Presented by Elisa Stilwell and Patty McClendon Senior Managers - KPMG LLP Presented.

Auxiliary Organizations Update Chapter 8 Presented by Lily Wang Chancellor’s Office KPMG LLP.

ORA © 2008 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved. Printed in U.S.A. KPMG and the KPMG.

SCO REPORTING Roberta McNiel Year-End Legal Training May 2010.

Preparing for the Audit Presented by Patty McClendon Senior Manager – KPMG LLP KPMG LLP.

Reporting Requirements Presented by Steve DeVetter Partner – KPMG LLP KPMG LLP.

Information from the Chancellor’s Office Chapter 5 Presented by CSU and KPMG, LLP.

Responses to 2008 GAAP Feedback Presented by Sherry Pickering CSU KPMG LLP.

A/B/C Campus Scope Presented by: Kathy Lai, KPMG LLP AUDIT.

Preparing for the Audit – A-133 (Single Audit) Presented by Elisa Stilwell Senior Manager – KPMG LLP KPMG LLP.

Single Audit (A-133) Chapter 9 Presented by Elisa Stilwell, Senior Manager KPMG LLP KPMG LLP.

Preparing for the Audit Presented by Elisa Stilwell Senior Manager - KPMG LLP KPMG LLP.

Chapter 7- Management’s Discussion and Analysis (MD&A) Presented by Steve DeVetter Partner – KPMG LLP Presented by Steve DeVetter Partner – KPMG LLP.

Completing Your Reporting Package and Stand-Alone Financial Statements Presented by Elisa Stilwell Senior Manager - KPMG LLP KPMG LLP.

Bridgend County Borough Council Financial statements audit 2005/6 – Presentation to Audit Committee 26 October 2006 Public Sector AUDIT Gilbert Lloyd Ian.

Other Manual Highlights and Reminders Sheralin Klinthong, Assoc. Dir., Financial Services / SFSR Evajoy Tito, Manager, Financial Services / SFSR Chancellor’s.

FIRMS & SCO Reporting Updates and Reminders Roberta McNiel, Senior Manager, Financial Services / SFSR Chancellor’s Office April 23, 2015.

Interagency Transactions Alice Kim, Sr. Manger, Financial Services / Accounting Lan Luong, Accountant, Financial Services / Accounting Chancellor’s Office.

SCO Capital Assets/Accumulated Depreciation Template: Training on New Enhancement Roberta McNiel, Sr. Manager Nathanael Bryant, Financial Systems & Reporting.

Auxiliary Organizations GAAP Timeline Su Chen, Financial Reporting Analyst, FS / SFSR Chancellor’s Office May 19, 2015.

Master Timeline Su Chen, SFSR Chancellor’s Office Year-End Legal Training April 17, 2014.

Factors Associated with IT Audits by the Internal Audit Function Discussant Comments October 2, 2009 INFORMATION RISK MANAGEMENT ADVISORY.

FIRMS & SCO GAAP Submissions Roberta McNiel, Senior Manager, FS / SFSR Chancellor’s Office April 24, 2015.

Credit Work Group Update April 4, General  Credit Work Group met on Friday, March 7  Received Ethics Training from ERCOT Legal staff  Reviewed.

Reporting Package Preparation and Standard Practices Criselle Espiritu, Analyst, FS / SFSR Alyssa Kanzaki, Accountant, FS / SRB & Capital Projects Lily.

Systemwide Revenue Bonds Terri Williams, Manager, FS / SRB & Capital Projects Alyssa Kanzaki, Accountant, FS / SRB & Capital Projects Chancellor’s Office.

Systemwide GAAP Timeline Su Chen, Analyst, Financial Services / SFSR Chancellor’s Office April 24, 2015.

Sedong John, Director, SFSR. Ongoing Tasks for SFSR Financial Systems, Statutory Reporting & Tax Administration Group Maintenance of systemwide chart.

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

Department of Administration Office of the Chief Financial Officer ASTRA SEFA Presentation Roger Basinger April 6, 2016 FY 2016 Schedule of Expenditures.

April 14, 2016 PBC (INCLUDING SRB PBC) Liezl Sangalang, Senior Audit Manager, KPMG Theresa Marquez, Senior Associate, KPMG Lily Wang, Director, CO Sheralin.

May 19 th, 2016 OTHER REMINDERS Su Chen, Financial Reporting Analyst, SFSR Chancellor’s Office.

LEGAL TO GAAP RECONCILIATION Sedong John Director, Systemwide Financial Standards & Reporting CSU Office of the Chancellor.

May 19, 2016 DISCRETELY PRESENTED COMPONENT UNITS YEAR-END REPORTING TIMELINE Su Chen, Financial Reporting Analyst, SFSR Chancellor’s Office.

SCO GAAP Reporting updates

GAAP MANUAL AND OTHER UPDATES

changes to systemwide revenue bond (SRB) audit

discretely presented Component units (webcast)

pbc (prepared by client)

legal reporting updates

IPEDS (Integrated Postsecondary Education Data System)

Presentation transcript:

The California State University (CSU) GAAP Reporting Manual © 2008 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved. Printed in U.S.A. KPMG and the KPMG logo are registered trademarks of KPMG International ORA CSU 2008 Audit and Reporting Timeline TaskDayDate GAAP training - LAX (KPMG)Tuesday - Wednesday May , 2008 GAAP training teleconferences for auxiliary organizations Tuesday, Thursday June 24 and 26, 2008 Campus to submit preliminary schedule of expenditures of federal awards (SEFA) via YES (TM1) ThursdayJuly 31, 2008 Chancellor's Office (CO) to provide all passdown schedules to campuses (except risk pool) WednesdayAugust 20, 2008 Campus to provide completed reporting package to KPMG (excluding risk pool and auxiliary organizations data) Monday/ Tuesday 1st day of fieldwork (September 2, 8 or 15, 2008 depending on fieldwork start date) Chancellor's Office to pass down risk pool entries to campuses TuesdaySeptember 30, 2008 Auxiliary organizations audits completed and reports submitted to Chancellor's Office and Campus GAAP coordinators (including completed GAAP Financial Reporting checklist) TuesdaySeptember 30, 2008 Campus to provide updated reporting package to KPMG (including risk pool and auxiliary organizations data) MondayOctober 6, 2008 Chancellor’s Office to provide the stand- alone proforma financial statements template (one-year and comparative presentations, including systemwide numbers) to campuses WednesdayOctober 15, 2008 Campus reporting packages due to Chancellor's Office (must be submitted by KPMG teams), including separate analytical review (Words documents) and prior period audit differences and reclassifications (Excel worksheets) ThursdayOctober 16, 2008 Chancellor’s Office reporting team to internally review campus reporting packages (v1) before KPMG review Monday - Tuesday October , 2008 Freeze date and time at point of locking and exporting to Excel (Tentative) Please submit 3 hard copies of each Auxiliary Organization’s financial statements

The California State University (CSU) GAAP Reporting Manual © 2008 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved. Printed in U.S.A. KPMG and the KPMG logo are registered trademarks of KPMG International ORA CSU 2008 Audit and Reporting Timeline TaskDayDate KPMG Systemwide team to review campus reporting packages (v1) Wednesday - Thursday October , 2008 KPMG Systemwide team to provide comments to Chancellor’s Office reporting team for review and approval prior to distributing to KPMG campus teams/GAAP coordinators ThursdayOctober 23, 2008 KPMG systemwide team communicates to KPMG campus teams/GAAP coordinators via distribution of comments (cc Ben Cheng and Alice Yip at CO) FridayOctober 24, 2008 Campus and KPMG teams to clear review comments Monday - Friday October 27 – 31, 2008 Campus revised reporting packages (v2) due to Chancellor's Office (must be submitted by KPMG campus teams), including separate analytical review (Words documents) and prior period audit differences and reclassifications (Excel worksheets) FridayOctober 31, 2008 KPMG Systemwide team to review revised campus reporting packages (v2), and approve FINAL version for consolidation Monday - Tuesday November 3 - 4, 2008 KPMG campus teams to submit A-133 findings to KPMG Systemwide team (single audit summary of deficiencies document) WednesdayNovember 5, 2008 Systemwide financial statements consolidation begins WednesdayNovember 5, 2008 SCO GAAP adjusting entries due to Chancellor’s Office FridayAugust 22, 2008 Campus to provide complete draft stand-alone financial statements (including management approved MD&A) to KPMG for review MondayNovember 24, 2008 GAAP FIRMS submission due to Chancellor’s Office MondayDecember 1, 2008 Issue campus stand-alone financial statementsThursdayJanuary 15, 2009 Freeze date and time at point of locking and exporting to Excel