Office of Business and Financial Services

Office of Business and Financial Services

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Event Detail Information

Event Detail Information

Understanding University Financial Statements and the Reconciliation Process (GL 104)

Date Oct 10, 2013
Time 1:00 pm - 4:00 pm  
Sponsor OBFS
Event type UIUC Training Event
Views 218
Originating Calendar UIUC - Training Events

Contact: OBFS Training Team   217-265-9275
Instructor: Sherri Faith


COURSE PREREQUISITES:
FN 100: Finance Systems Overview (on-line)
FN 102: Advanced C-FOAPAL & Related Topics
GL 102: Retrieving General Ledger Reports


COURSE DESCRIPTION:
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.


CPE CREDIT:
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
C-FOAPALs


BRING TO SESSION (OPTIONAL):
Handout: Finding Balances


LOCATION:
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.


PARKING:
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.

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