UMBC PeopleSoft 8.4 Financials Chart of Accounts.

Slides:

Advertisements

Similar presentations

Yavapai College Banner Finance Training FOAP Coding.

Advertisements

General Ledger Fiscal Year End Closing out WELCOME! To the Year End Workshop. During this workshop and presentation, references will be made to.

Introduction to Chartfields. 2 What is a Chart of Accounts?  System of organizing and identifying the campus’s funds  Created and maintained by central.

Chapter 2 Principles of Accounting and Financial Reporting for State and Local Governments McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies,

University of Missouri

Congratulations on being awarded a grant! NOW WHAT?

The University of West Florida Banner Finance Project Chart of Accounts Information Session November 2003.

1 Local School Accounting McAleer Training 31-Digit Account Numbers Activity________________ Fund________ Acct Type____ Acct Code________________ Obj.

Spectrum Plus Financials Upgrade and Research Implementation Project General Ledger (GL) Business Fit Re-engineering Workshop.

PeopleSoft Financials 8.4 Implementation Project Chart Of Accounts Rollout December 3, 2002.

FIRMS. 2 Financial Information Records Management System (FIRMS) A database that stores a variety of data submissions from the campuses that assist the.

Pace University SPARTA Financial Management System FMS Chart of Accounts Structure Introduction to the.

Fund Accounting Jim Corkill Accounting Services & Controls November 2011.

To the Orientation Class for PeopleSoft General Ledger

Introduction to CSU Reporting

Chart of Accounts Overview ALASBO Power Lunch January 15, 2008 Presented by Elwin Blackwell, Internal Auditor Department of Education & Early Development.

ACCT Accounting 4070 Chapter 2. ACCT Types of Gov’t Activities Governmental Business-type Fiduciary.

UMBC - Delta Initiative UMBC Financial Training For Supervisors July 9, 2003.

Introduction to PeopleSoft PeopleSoft Training v

BUDGET WORKSHOP Chartfields and OTPS Reports. AGENDA Chartfields OTPS Reports Questions.

Agenda Topics • Overview of the accounting cycle from e-doc creation to decision support Components of the accounting cycle (ledger attributes, back office.

Overview Chart of Accounts. Overview of CSU Chart of Accounts Each CSU Campus is accountable to three separate, distinct, and related entities The State.

Vince Schimizzi, Michigan State University Claire Tyson, San Joaquin Delta College Kim Yeoh, Cornell University Building a Kuali Chart of Accounts.

Financial Services Forum October 24,  Chartfields and Reporting  Importance of Proper Classification  The Account’s Role  Dissecting the Account.

Chart of Accounts Overview  A Chart of Accounts represents how financial information is gathered, stored, combined and used within a general ledger 

2015 Fiscal Year-End Activities for Recharge Centers Internal / External Sales Office.

Year-End Closing of the Books Overview of Closing: - Why? GAAP – Generally Accepted Accounting Principles. End of the business cycle: –State.

Overview of PeopleSoft PeopleSoft Training

CHART OF ACCOUNTS WESLEYAN FINANCIAL SYSTEM. GOALS Ease of use for end user Departments consistent with HRMS Provide a conversion crosswalk Accommodate.

FINANCIAL ACCOUNTING AND REPORTING OF DONOR FUNDED PROJECTS Zurab Tolordava February 2012.

FINANCIAL MANAGEMENT SYSTEM (FMS) CHART OF ACCOUNTS OVERVIEW FINANCIAL MANAGEMENT SYSTEM (FMS) CHART OF ACCOUNTS OVERVIEW April 27 th – April 29 th HUM-133.

McGraw-Hill© 2007 The McGraw-Hill Companies, Inc. All rights reserved. Principles of Accounting and Financial Reporting for State and Local Governments.

1 Relationship between budget classification, chart of accounts and GFS PEMPAL Conference Istanbul February Mark Silins.

Chart of Accounts Workshop State of Indiana. 2 Instructor – Gwyn Wilson, ENTAP – Lori Shapiro, ENTAP – Bob Hegyi, ENTAP.

Agenda CoA Structure Example of FRS to FMS Mapping Fund Codes Chartfield Combinations Commitment Control Account rollup tree FMS Overview (UPK) Chart of.

Government Finance Statistic and New Budgeting and Accounting Classification Structure CAUCASUS REGIONAL MEETING March 2006.

Year-End Closing of the Books Overview of Closing: - Why? GAAP – Generally Accepted Accounting Principles. End of the business cycle: –State.

CFS Design and Conversion Teams May 4, 2009 CFS Finance 9.0 Chart of Accounts Conversion Discussion.

Retro/DBE/JE Larry Evans, CAHSS Carol Pace, Financial Services 1 Departmental Research Administrators Training Track.

Introduction to PTA Money Matters. The PTA Audit First step in building a budget; Purpose: to certify accuracy of PTA’s financial records; Audit committee.

Derivation Sherry Pickering, Director, Fiscal Services CSU, East Bay April 22, 2015.

Budget Process April 2011 Linda Corva, Assistant Vice President/Controller.

GASB Statement No. 54 Fund Balance Reporting and Governmental Fund Type Definitions KASBO SESSION FALL 2010.

1 UNDERSTANDING FUNDS, ATTRIBUTES AND NEW ACCOUNTS AT UM A discussion of fund accounting, the various fund groups, account structure and logic, account.

MAINTAINING FINANCIAL INFORMATION

Fund Accounting Jim Corkill Business & Financial Services November 2014.

Financial Statements Chapter 2 MSCM8615.

FUND 320 Endowment Budget Reports Similar to FRS web queries and FRS monthly budget report.

Banner Finance Training FOAP Coding. Objectives  Overview of Banner Finance System  Introduce Banner Ledgers and Chart of Accounts Elements  Explanation.

1. 2  Strategy of public finance management for  Law on public finance and budget and tax responsibility # 181, of ;  Law on.

1 Fund AccountingNovember 17, 2015 Fund Accounting Jim Corkill | Controller Business and Financial Services Controller’s Office.

Chart of Accounts Structure and Maintenance. Terminology  Chart of Accounts (COA) is a created list of the accounts used by an organization to define.

Ohio University COA Redesign Project Campus Users Input on Proposed COA Structure October 6, 2015.

Chart of Accounts Trainers:

Presented By Ashley Andersen, University Controller September 13, 2017

Chapter 6 Work Sheet for a Service Business

Public Sector Accounting and Reporting Reform

Determining the Complete General Ledger (G/L) Account Number

Reading a Budget Variance Report for Special Purpose Fund

Accounting at Oregon State University

Ohio University COA Redesign Project Campus Users Input on Proposed COA Structure October 6, 2015.

Finance Fundamentals Building the Structure Account Type

IPMA-HR Chapter Treasurers Training

Financial Affairs Training

FFMIA Systems Requirements Integrity - Service - Innovation

Chart of Accounts Overview

Indexes: Fund/Org/Programs & Accounts

GOVERNMENTAL ACCOUNTING

Presentation transcript:

UMBC PeopleSoft 8.4 Financials Chart of Accounts

Agenda: zWhat are we doing? zCOA Objectives zWhat is a ChartField? zWhat is a Chart String? zChartField Definitions/Values zFAS Account Mapping to PeopleSoft COA zRetriever (FKA FinWeb)

UMBC’s Chart of Accounts (COA) is designed to meet some of the following objectives: zComply with external financial reporting requirements (State, GAAP, OMB,etc.) zImprove access to financial info in support of faculty and staff zProvide flexibility for future growth zIntegrate with Human Resources and Student Admin Systems

What is a ChartField? In PeopleSoft, the Chart of Accounts is comprised of informational fields that provide the basic structure to segregate and categorize transactional and budget data. Each informational field is called a “CHARTFIELD”

ChartField Structure:

Combining a series of “ChartFields” creates a “ Chart String ” What is a Chart String?

A “Chart String” is used to define, identify, categorize, and sort a transaction What is a Chart String?

ChartField String

ChartField definition: zBUSINESS UNIT - the General Ledger Business Unit (GLBU) represents a set of financial records, business practices, and reporting requirements for an independent entity. Equivalent to State Agency Code “R41” or FAS campus code 05. UMBC will have one GLBU = UMBC1

ChartField definition: zTCODE - denotes the type of transaction. Examples of transaction types are receipts, disbursements, adjustments, payables and receivables.

Sample TCODES:

ChartField definition: zFUND - Segregates financial information for the purpose of carrying on specific activities and attaining certain objectives in accordance with GASB guidelines and State regulations

ChartField definition: zDEPARTMENT - an organizational unit responsible for business transactions. The unit will have employees and usually has a budget.

Sample Department List

ChartField definition: zPROGRAM (FINANCIAL) - is an on- going, specific, regular activity or event and business transactions may cross funds, departments, and sources of funds. Financial Programs will be used to comply with external reporting classifications defined by State, GAAP, etc. and on expense transactions only

ChartField definition: zACCOUNT - classifies business transactions by categories that include assets, liabilities, net asset (fund balance), revenue and expenditures

ChartField definition: zPROJECT/GRANT - an event or activity that has a specific beginning and end date. This ChartField provides the link for financial transactions to the project/grants management software modules.

ChartField definition: zPROGRAM (OPERATIONAL)- is an on-going, specific, regular activity or event and business transactions may cross funds, departments, and sources of funds. Operational Programs will be developed and designed for campus purposes. FOR FUTURE USE.

ChartField definition: zSOURCE OF FUNDS - denotes funds or revenues collected by an entity and allows for budget limitations and reporting by source as required by policies and/or regulations. UMBC is required to report by State, Federal and Special Sources.

ChartField definition: zBUDGET YEAR - the Budget Year corresponds to UMBC’s fiscal calendar and denotes a fiscal year. Format is FYNN. Example: Fiscal Year 2004 = FY04. Budget Year will always default to current fiscal year.

ChartField definition: zSTATISTICS CODE - is used for attaching non-monetary units of measure to transactions for financial analysis and reporting. FOR FUTURE USE.

ChartField definition: zCURRENCY CODE - denotes the type of currency used in a financial transaction. Since UMBC only uses U.S. Dollars, the Currency Code will default to: Currency Code = USD.