Event Detail Information
Understanding University Financial Statements and the Reconciliation Process (GL 104)
Contact: OBFS Training Team 217-265-9275
Instructor: Sherri Faith
This course is fundamental for users that need to interpret University standard financial statements. The goal of this course is to create an understanding of the financial statements and how to utilize them to reconcile your unit’s Funds. This will include a detailed analysis of the Operating Ledger Transaction Statement, Payroll Labor Distribution Statement, Detail Operating Ledger Statement, Encumbrance Statement, Personnel Encumbrance Statement, and the Detail General Ledger Statement. Users will leave this session with an understanding of the standard financial statements as well as where to find balances as well as other problem-solving techniques. Participants will need their Enterprise ID and password.
The Office of Business and Financial Services is an Illinois Public Accountant Continuing Professional Education (CPE) sponsor and will offer 3 hours of CPE to Certified Public Accountant (CPA) participants in this course.
BRING TO SESSION (REQUIRED):
Printed copy of GL 104 Participant Guide
Enterprise ID and password
BRING TO SESSION (OPTIONAL):
Handout: Finding Balances
Green Street Building - 111 East Green Street, Champaign, Lab #11
Please check in with the receptionist near the back door before proceeding downstairs to the lab.
There is no visitor parking available in the Green Street Building Lots. There are metered spaces on Second Street as well as along the Boneyard Creek Path just north of Green Street. These spaces have a two (2) hour time limit, so meters must be fed accordingly. It is strongly recommended that you consider other transportation arrangements to the Green Street Building such as walking, car-pooling, or use of the bus. You may ride the MTD bus for free by showing your University ID. Maps and schedules are available on the MTD web site.