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Published byClaribel Hutchinson Modified over 9 years ago
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FS News at UCI Kuali Financial System
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Meet Your Kuali Contacts AVC: Richard Andrews AVC: Mark Askren Project Manager: Janet Mendoza Functional Manager: Isabelle Liu Technical Manager: Carmen Roode Communications: Nancy Sigler
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What is Kuali? A name given to the modular financial accounting system Designed for and by colleges and universities Usable by institutions of various sizes A community source application No vendor or licensing fees No software maintenance costs
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Who’s developing Kuali? Indiana Univ. - Michigan State Univ. Univ. of Hawaii - Univ. of Arizona Cornell Univ. - Colorado State Univ. San Joaquin Delta Community College University of Southern California University of California NACUBO - The rSmart Group Exeter - IBM
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How is UCI involved with Kuali? Kuali Foundation: donated programmers, testers, editor Functional Council: membership and sub-committees UC: UC Kuali Board, planning and development with UCD and UCSB UC Irvine: Campus implementation planning
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What are the KFS Modules? Chart of Accounts Financial Transactions & General Ledger Purchasing and Accounts Payable Labor Ledger Contracts and Grants Accounts Receivable (non student) Capital Assets Budget Construction
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Why Kuali? UCI’s mission: research, instruction, public service UCI’s vision: Growth with Excellence Functional: comprehensive accounting, research administration and endowment management suites Efficient: one entry point for all financial needs Flexible: customizable codes and attributes
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Benefits of Kuali Web-based Improved user interface: one point of entry to all financial needs More frequent posting: immediate salary expense posting Pending transactions: simulates real time balances and forecasting
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Benefits of Kuali Chart of accounts flexibility: Simple account identification number Transaction object code Sub accounts/sub object codes as needed Multiple charts if needed Meets school’s unique needs, including mission based budgeting
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Benefits of Kuali Transaction Processing: Electronic documents Built-in edits before routing for approvals Only fully approved transactions posted to general ledger
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Benefits of Kuali Business Rules: Maintained by financial system parameter tables Functional users can maintain and create business rules Institutions can customize based on their policies
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Benefits of Kuali Work flow: Routing engine for validated transactions Routes transaction to proper approvers Highly customizable
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Benefits of Kuali Balance Inquiry: Balances by account, sub-account, object code, and sub-object code Balances by consolidation and drill down to object code Budget balances after actual or encumbrances Drill down to detail transactions and to electronic transactions Include/exclude pending entries Export functions (e.g. excel) Sort in ascending/descending order
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Will campus departments be involved? Yes! Yes! Yes! A basic implementation plan is being developed Campus involvement will be needed: - Department Administrators - MABOs, HSAs, ABOGs - Medical Center - Auxiliary Enterprises
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May I see what Kuali looks like? Visit the Kuali Test Drive: www.kuali.org
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Action List
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More on Kuali Visit the UCI A&FS web site on Snap http://snap.uci.edu/ Visit the Kuali Web Site www.kuali.org Attend Kuali Days VII November 18-19, 2008 Marriott Hotel, Newport Beach Register at www.kuali.org
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Who can answer my questions? Janet Mendoza, jsmendoz@uci.edujsmendoz@uci.edu Isabelle Liu, wenl@uci.eduwenl@uci.edu Carmen Roode, ceroode@uci.educeroode@uci.edu Nancy Sigler, nsigler@uci.edunsigler@uci.edu
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Kuali Questions???
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