1. 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

2. 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

3. 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

4. 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)

5. 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 in prior years. These are added to PBC items to assist SFSR in tracking submissions.

6. 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 or TM1 in prior years. These are added to PBC items to assist SRB in tracking submissions.

7. 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

8. 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

9. 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

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

11. 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 s
Quick and Easy Upload – address will be used to identify the campus name and PBC reference number to identify the audit type. IN-PROGRESS

12. YEAR-END GAAP TRAINING
APRIL 2017
YEAR-END GAAP TRAINING
APRIL 2017
Resources:
PBC SharePoint Site
GAAP Accounting and Reporting Manual
SFSR GAAP address

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