This document provides an overview of basic accounting concepts at USF, including budgeting, the voucher process, journal entries, accrual accounting, and accounting periods. It discusses how USF manages and tracks budgets, incurs expenses, and accounts for different fund types. It also defines key terms like RSA, EBA, and chart of accounts. Additionally, it provides illustrations of the accounting process for expenses/vendor payments and revenue/customer payments. Finally, it lists University Controller's Office resources for additional information and assistance.
HEALTH SYSTEMS MANAGEMENT II UNIT THREE.pptxWILLIAMSADU1
This document provides an overview of managing finances in health systems. It discusses various sources of funds for health services including user fees, community health funds, and donor support. It also outlines proper accounting procedures for maintaining financial records such as ledgers, cash books, and receipts. The objectives of the course are to familiarize participants with accounting procedures, financial documentation, and budgeting and reporting processes.
The document provides best practices for treasury management in non-profits. It discusses how the treasury function is evolving to focus more on strategic activities. It outlines concerns of CFOs, financial performance metrics, financing mechanisms like loans and lines of credit, the budgeting process, asset management practices, and challenges of international treasury management. The document provides detailed guidance on setting up an effective treasury department through organization, technology, policies, metrics, and risk management.
This document provides an overview of key finance concepts for non-finance professionals. It discusses statutory financial reporting requirements to report on an organization's financial performance and position. This includes producing an income and expenditure statement and balance sheet. It also covers basic accounting terminology like fixed and current assets, liabilities, funds, and the importance of concepts like liquidity, solvency, and being a going concern. The document discusses costs and costings, including variable, fixed, and overhead costs. It explains cost recovery and budgeting approaches. Finally, it covers cash flow forecasts and their purpose in identifying cash critical points and planning for surpluses or deficits. The overall aim is to help non-finance staff understand relevant finance concepts and reporting
Writing a federal proposal is a multi-step process with every tier requiring an equal level of intense consideration. The federal budget piece is probably the most detailed and specific item on the federal proposal to-do list. Illinois ResourceNet’s face-to-face workshop will tackle the topic of federal budgets and help attendees sort through this daunting section of the federal proposal. In addition, this session describes the principles used in developing a budget narrative.
Illinois ResourceNet’s instructor will explain the importance of managing your organization’s finances to improve your success in applying for a federal grant.
Attendees will walk away knowing how to plan and monitor financial activity, while establishing a solid line of communication between program staff and budgeting staff. This course helps to prepare organizations to manage the detailed federal budget section of their proposals.
The document discusses key concepts related to financial management for healthcare organizations. It defines financial management and explains the differences between accounting and financial management. It also discusses different types of budgets including operational budgets, capital budgets, revenue budgets, and development budgets. Finally, it covers accounting fundamentals such as bookkeeping, cost and revenue centers, capital and overhead expenditures, income/expenditure statements, balance sheets, and direct and indirect expenses.
Don’t lose sight of your mission by losing control of your finances! A nonprofit organization’s financial health depends on precise execution of the key components of an annual operating cycle. This session will leave you with a comprehensive grasp of how to develop your nonprofit organization’s financial health, thus supporting the life of your mission.
This document discusses key concepts in nonprofit financial management including bookkeeping, accounting, financial statements, budgets, endowments, and financial policies and controls. It explains the difference between operating, capital, and cash budgets. It also describes how to interpret financial data using ratios to assess a nonprofit's financial health, liquidity, asset management, and long-term solvency. The document emphasizes that the primary financial challenge for most nonprofits is generating sufficient and reliable revenue from sources like philanthropic giving, earned income, and government funds.
This document provides an overview of basic accounting and financial management concepts. It defines accounting as identifying, classifying, recording, and summarizing business transactions, and interpreting and communicating the results. It distinguishes accounting from bookkeeping, and explains the differences between management accounting for internal users and financial accounting for external users. Key financial statements like the income statement, balance sheet, and cash flow statement are also summarized.
HEALTH SYSTEMS MANAGEMENT II UNIT THREE.pptxWILLIAMSADU1
This document provides an overview of managing finances in health systems. It discusses various sources of funds for health services including user fees, community health funds, and donor support. It also outlines proper accounting procedures for maintaining financial records such as ledgers, cash books, and receipts. The objectives of the course are to familiarize participants with accounting procedures, financial documentation, and budgeting and reporting processes.
The document provides best practices for treasury management in non-profits. It discusses how the treasury function is evolving to focus more on strategic activities. It outlines concerns of CFOs, financial performance metrics, financing mechanisms like loans and lines of credit, the budgeting process, asset management practices, and challenges of international treasury management. The document provides detailed guidance on setting up an effective treasury department through organization, technology, policies, metrics, and risk management.
This document provides an overview of key finance concepts for non-finance professionals. It discusses statutory financial reporting requirements to report on an organization's financial performance and position. This includes producing an income and expenditure statement and balance sheet. It also covers basic accounting terminology like fixed and current assets, liabilities, funds, and the importance of concepts like liquidity, solvency, and being a going concern. The document discusses costs and costings, including variable, fixed, and overhead costs. It explains cost recovery and budgeting approaches. Finally, it covers cash flow forecasts and their purpose in identifying cash critical points and planning for surpluses or deficits. The overall aim is to help non-finance staff understand relevant finance concepts and reporting
Writing a federal proposal is a multi-step process with every tier requiring an equal level of intense consideration. The federal budget piece is probably the most detailed and specific item on the federal proposal to-do list. Illinois ResourceNet’s face-to-face workshop will tackle the topic of federal budgets and help attendees sort through this daunting section of the federal proposal. In addition, this session describes the principles used in developing a budget narrative.
Illinois ResourceNet’s instructor will explain the importance of managing your organization’s finances to improve your success in applying for a federal grant.
Attendees will walk away knowing how to plan and monitor financial activity, while establishing a solid line of communication between program staff and budgeting staff. This course helps to prepare organizations to manage the detailed federal budget section of their proposals.
The document discusses key concepts related to financial management for healthcare organizations. It defines financial management and explains the differences between accounting and financial management. It also discusses different types of budgets including operational budgets, capital budgets, revenue budgets, and development budgets. Finally, it covers accounting fundamentals such as bookkeeping, cost and revenue centers, capital and overhead expenditures, income/expenditure statements, balance sheets, and direct and indirect expenses.
Don’t lose sight of your mission by losing control of your finances! A nonprofit organization’s financial health depends on precise execution of the key components of an annual operating cycle. This session will leave you with a comprehensive grasp of how to develop your nonprofit organization’s financial health, thus supporting the life of your mission.
This document discusses key concepts in nonprofit financial management including bookkeeping, accounting, financial statements, budgets, endowments, and financial policies and controls. It explains the difference between operating, capital, and cash budgets. It also describes how to interpret financial data using ratios to assess a nonprofit's financial health, liquidity, asset management, and long-term solvency. The document emphasizes that the primary financial challenge for most nonprofits is generating sufficient and reliable revenue from sources like philanthropic giving, earned income, and government funds.
This document provides an overview of basic accounting and financial management concepts. It defines accounting as identifying, classifying, recording, and summarizing business transactions, and interpreting and communicating the results. It distinguishes accounting from bookkeeping, and explains the differences between management accounting for internal users and financial accounting for external users. Key financial statements like the income statement, balance sheet, and cash flow statement are also summarized.
The document discusses financial planning and budgeting. It defines key terms like financial plan and policy. It explains that a financial plan frames financial policies for procuring, investing, and managing funds. A budget is a formal plan to use resources to achieve goals. The financial planning process involves identifying objectives, gathering data, analyzing data, drawing up a plan, and implementing it. A financial policy provides guidance on using financial resources and making financial decisions. Factors like the industry, competition, market conditions, and the economic/political environment should be considered when developing a financial plan. The document also discusses budgeting, the three pro forma financial statements used in budgeting, and variance analysis.
This document outlines an accounting course covering fundamental accounting concepts and financial statements. The course objectives are to understand accounting information sources and concepts, how financial data is used for decision making, and controlling operations. Topics include the balance sheet, income statement, cash flows, accounting principles, corporations, and ratio analysis. The course utilizes lectures, assignments, cases, and exams. Managerial accounting is also covered, focusing on cost analysis, budgeting, and decision making.
Nonprofit 101 Top Traps Tips - Tech Soup Sept. 2023.pptxJustinBrown267905
The document provides an overview of common traps and tips for nonprofits related to accounting and compliance. It discusses potential issues with conditional contributions, restricted contributions, in-kind donations, functional expense allocation, compliance, financial sustainability, and unrelated business income tax. Tips are provided for each area to help nonprofits properly account for these items and avoid common mistakes. The document also includes examples of nonprofit financial statements and discusses how to properly allocate expenses across program, management, and fundraising.
This document provides an overview of key elements for sound financial management of non-profits. It discusses the importance of having a strong budget process, timely management reports, strong internal controls, consistent documentation, and conducting self-assessments. Specific tools and processes are presented for each element, such as how to build budgets, examples of monthly reports, internal control policies around segregation of duties and restricted funds, sample documentation forms, and steps for self-evaluation. The overall message is that being faithful in implementing these financial fundamentals daily will help non-profits achieve their missions and access more resources.
This document outlines the audit phases and timeline, deliverables, readiness recommendations, and testing activities for an upcoming audit. It discusses planning the audit from May to September, with fieldwork in mid-September and completion by November/December. Recommendations are made to reconcile accounts monthly and prioritize certain tasks that can be done in July in preparation for the audit. The accounting basis for various financial statements is also reviewed.
Financial Statements and Business Model Canvas_Nov5th.pptxRashmi Gowda KM
The document provides information on financial statements and the business model canvas. It defines financial statements as documents that show a company's financial status at a specific point in time, including balance sheets, income statements, cash flow statements, and statements of retained earnings. It then explains the key elements of each financial statement. The document also defines the business model canvas as a strategic management template used to develop and document business models using nine building blocks: key partners, key activities, value propositions, customer relationships, customer segments, key resources, distribution channels, cost structure, and revenue streams. It provides an example canvas for Uber.
Financial management involves planning, sourcing, using, and controlling funds to achieve organizational objectives. It has three key elements: financial planning/budgeting, financial control, and financial decision-making regarding investments and financing. Proper financial management ensures accountability, viability, and effective use of scarce resources through practices like establishing budgets, internal controls, financial reporting, and auditing. The overall goals are to maximize benefits to stakeholders and ensure the long-term sustainability of the organization.
The document discusses various aspects of financial management for libraries, including sources of funding, budget planning procedures, and cost-benefit analysis. It describes different types of budgets such as line-item, formula, lump-sum, program, performance, PPBS, and zero-based budgets. The document also covers the basic steps in the budget process and considerations for cost-benefit analysis when evaluating programs and expenditures.
chapter- 1 inroduction to advanced financial accounting.pptxMohamedAbdi347025
This document provides an overview of accounting concepts including the framework, objectives, and standards of accounting. It defines accounting as recording, classifying, and summarizing financial transactions and events. The key objectives of accounting are to systematically record transactions, ascertain financial results and position, and provide information to decision makers. International standards like IFRS and domestic standards like US GAAP aim to standardize accounting policies for consistency and comparability.
The cash flow statement provides information about cash inflows and outflows during an accounting period. It is developed from balance sheet and income statement data and is an important analytical tool. The cash flow statement focuses on operating, investing, and financing activities. Operating activities relate to core business operations like sales and expenses. Investing activities involve the purchase and sale of long-term assets. Financing activities include borrowing, repaying debt, and providing returns to owners. Cash flow analysis is used both internally and externally to evaluate a firm's liquidity, investment decisions, ability to meet obligations, and future financing needs.
Si Texas convening, financial presentation,Jim Phipps 2015 05-06,Clayton Ton
This document provides guidance on financial management best practices for organizations receiving CNCS grants. It emphasizes the importance of written policies and procedures, qualified financial staff, effective communication, and board oversight of finances. It also outlines requirements for accounting systems to properly track grant funds, document staff time, and generate financial reports in accordance with CNCS and Federal regulations. Documentation must be retained to support all financial information. Criminal history checks are also required for staff and volunteers.
Here are the solutions to the selected problems from Chapter 17:
P17-7A:
Accounts receivable, December 31, 2009 $90,000
Estimated uncollectible accounts (3% of receivables) 2,700
Net accounts receivable $87,300
Accounts receivable, December 31, 2010 $110,000
Estimated uncollectible accounts (5% of receivables) 5,500
Net accounts receivable $104,500
Increase in net accounts receivable $17,200
P17-9A:
Accounts receivable, January 1 $80,000
Credit sales for January 150,000
Collections for January (120,000)
Here are the solutions to the selected problems from Chapter 17:
P17-7A:
Accounts receivable, December 31, 2009 $90,000
Estimated uncollectible accounts (3% of receivables) 2,700
Net accounts receivable $87,300
Accounts receivable, December 31, 2010 $110,000
Estimated uncollectible accounts (5% of receivables) 5,500
Net accounts receivable $104,500
Increase in estimated uncollectible accounts $3,200
P17-9A:
Accounts receivable, January 1 $80,000
Credit sales for January 30,000
Collections for January (25,000)
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand.
This document provides an overview and agenda for understanding nonprofit financial statements for non-financial professionals. It defines a nonprofit organization and outlines the key financial documents including budgets, statements of financial position, activities, cash flows, and functional expenses. It describes what these reports mean and what board members should look for in each to fulfill their financial oversight responsibilities of ensuring accurate reporting and that resources are used appropriately to further the nonprofit's mission.
Pre-Read - Understanding Financial Statements and Cash Flows.pdfRutcheldesagun
This document provides an overview of key financial statements and cash flow concepts. It discusses the objectives of understanding financial statements and cash flows. The four basic financial statements are described as the balance sheet, income statement, statement of changes in equity, and cash flow statement. Key components and calculations for the income statement and balance sheet are defined. The statement of cash flows is explained as measuring cash inflows and outflows from operating, investing, and financing activities. Important terms like net working capital and free cash flows are also covered.
Tracking implementation and (un)intended consequences of peripheral health fa...resyst
The document discusses the Health Sector Services Fund (HSSF) in Kenya, which provides direct financing to peripheral health facilities to improve quality of care and sustainability. It outlines the implementation of HSSF, including challenges around delays in funding, inadequate funding levels, and complex reporting requirements. The document also examines knowledge gaps and next steps for HSSF as Kenya's health system undergoes devolution and the introduction of new financing mechanisms.
This document provides an overview of basic accounting concepts and procedures for non-accountants. It discusses accounting, bookkeeping, financial statements, cash receipts, cash disbursements, liquidation of cash advances, and basic accounting procedures. The key points are that accounting records and reports financial information, bookkeeping records business transactions, and basic accounting procedures include record keeping, journalizing, posting, preparing a trial balance, and financial statements.
Hello, this slide will take you through the essentials of financial report, Fundamental concepts of Balance Sheet, Profit & Loss, Cash Flow, Ratio Analysis etc. For a detailed course please visit https://excelfinanceacademy.zenler.com/
Chapter 2: Health Care Financial StatementsNada G.Youssef
This document provides an overview of key financial statements and accounting principles for health care entities. It discusses the balance sheet, statement of operations, and accounting standards set by FASB, GASB and GAAP. The balance sheet presents assets, liabilities and net assets at a point in time. The statement of operations summarizes revenues and expenses over an accounting period using the accrual basis. The document also provides examples of components that make up each statement.
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.pptHenry Hollis
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
The document discusses financial planning and budgeting. It defines key terms like financial plan and policy. It explains that a financial plan frames financial policies for procuring, investing, and managing funds. A budget is a formal plan to use resources to achieve goals. The financial planning process involves identifying objectives, gathering data, analyzing data, drawing up a plan, and implementing it. A financial policy provides guidance on using financial resources and making financial decisions. Factors like the industry, competition, market conditions, and the economic/political environment should be considered when developing a financial plan. The document also discusses budgeting, the three pro forma financial statements used in budgeting, and variance analysis.
This document outlines an accounting course covering fundamental accounting concepts and financial statements. The course objectives are to understand accounting information sources and concepts, how financial data is used for decision making, and controlling operations. Topics include the balance sheet, income statement, cash flows, accounting principles, corporations, and ratio analysis. The course utilizes lectures, assignments, cases, and exams. Managerial accounting is also covered, focusing on cost analysis, budgeting, and decision making.
Nonprofit 101 Top Traps Tips - Tech Soup Sept. 2023.pptxJustinBrown267905
The document provides an overview of common traps and tips for nonprofits related to accounting and compliance. It discusses potential issues with conditional contributions, restricted contributions, in-kind donations, functional expense allocation, compliance, financial sustainability, and unrelated business income tax. Tips are provided for each area to help nonprofits properly account for these items and avoid common mistakes. The document also includes examples of nonprofit financial statements and discusses how to properly allocate expenses across program, management, and fundraising.
This document provides an overview of key elements for sound financial management of non-profits. It discusses the importance of having a strong budget process, timely management reports, strong internal controls, consistent documentation, and conducting self-assessments. Specific tools and processes are presented for each element, such as how to build budgets, examples of monthly reports, internal control policies around segregation of duties and restricted funds, sample documentation forms, and steps for self-evaluation. The overall message is that being faithful in implementing these financial fundamentals daily will help non-profits achieve their missions and access more resources.
This document outlines the audit phases and timeline, deliverables, readiness recommendations, and testing activities for an upcoming audit. It discusses planning the audit from May to September, with fieldwork in mid-September and completion by November/December. Recommendations are made to reconcile accounts monthly and prioritize certain tasks that can be done in July in preparation for the audit. The accounting basis for various financial statements is also reviewed.
Financial Statements and Business Model Canvas_Nov5th.pptxRashmi Gowda KM
The document provides information on financial statements and the business model canvas. It defines financial statements as documents that show a company's financial status at a specific point in time, including balance sheets, income statements, cash flow statements, and statements of retained earnings. It then explains the key elements of each financial statement. The document also defines the business model canvas as a strategic management template used to develop and document business models using nine building blocks: key partners, key activities, value propositions, customer relationships, customer segments, key resources, distribution channels, cost structure, and revenue streams. It provides an example canvas for Uber.
Financial management involves planning, sourcing, using, and controlling funds to achieve organizational objectives. It has three key elements: financial planning/budgeting, financial control, and financial decision-making regarding investments and financing. Proper financial management ensures accountability, viability, and effective use of scarce resources through practices like establishing budgets, internal controls, financial reporting, and auditing. The overall goals are to maximize benefits to stakeholders and ensure the long-term sustainability of the organization.
The document discusses various aspects of financial management for libraries, including sources of funding, budget planning procedures, and cost-benefit analysis. It describes different types of budgets such as line-item, formula, lump-sum, program, performance, PPBS, and zero-based budgets. The document also covers the basic steps in the budget process and considerations for cost-benefit analysis when evaluating programs and expenditures.
chapter- 1 inroduction to advanced financial accounting.pptxMohamedAbdi347025
This document provides an overview of accounting concepts including the framework, objectives, and standards of accounting. It defines accounting as recording, classifying, and summarizing financial transactions and events. The key objectives of accounting are to systematically record transactions, ascertain financial results and position, and provide information to decision makers. International standards like IFRS and domestic standards like US GAAP aim to standardize accounting policies for consistency and comparability.
The cash flow statement provides information about cash inflows and outflows during an accounting period. It is developed from balance sheet and income statement data and is an important analytical tool. The cash flow statement focuses on operating, investing, and financing activities. Operating activities relate to core business operations like sales and expenses. Investing activities involve the purchase and sale of long-term assets. Financing activities include borrowing, repaying debt, and providing returns to owners. Cash flow analysis is used both internally and externally to evaluate a firm's liquidity, investment decisions, ability to meet obligations, and future financing needs.
Si Texas convening, financial presentation,Jim Phipps 2015 05-06,Clayton Ton
This document provides guidance on financial management best practices for organizations receiving CNCS grants. It emphasizes the importance of written policies and procedures, qualified financial staff, effective communication, and board oversight of finances. It also outlines requirements for accounting systems to properly track grant funds, document staff time, and generate financial reports in accordance with CNCS and Federal regulations. Documentation must be retained to support all financial information. Criminal history checks are also required for staff and volunteers.
Here are the solutions to the selected problems from Chapter 17:
P17-7A:
Accounts receivable, December 31, 2009 $90,000
Estimated uncollectible accounts (3% of receivables) 2,700
Net accounts receivable $87,300
Accounts receivable, December 31, 2010 $110,000
Estimated uncollectible accounts (5% of receivables) 5,500
Net accounts receivable $104,500
Increase in net accounts receivable $17,200
P17-9A:
Accounts receivable, January 1 $80,000
Credit sales for January 150,000
Collections for January (120,000)
Here are the solutions to the selected problems from Chapter 17:
P17-7A:
Accounts receivable, December 31, 2009 $90,000
Estimated uncollectible accounts (3% of receivables) 2,700
Net accounts receivable $87,300
Accounts receivable, December 31, 2010 $110,000
Estimated uncollectible accounts (5% of receivables) 5,500
Net accounts receivable $104,500
Increase in estimated uncollectible accounts $3,200
P17-9A:
Accounts receivable, January 1 $80,000
Credit sales for January 30,000
Collections for January (25,000)
Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand.
This document provides an overview and agenda for understanding nonprofit financial statements for non-financial professionals. It defines a nonprofit organization and outlines the key financial documents including budgets, statements of financial position, activities, cash flows, and functional expenses. It describes what these reports mean and what board members should look for in each to fulfill their financial oversight responsibilities of ensuring accurate reporting and that resources are used appropriately to further the nonprofit's mission.
Pre-Read - Understanding Financial Statements and Cash Flows.pdfRutcheldesagun
This document provides an overview of key financial statements and cash flow concepts. It discusses the objectives of understanding financial statements and cash flows. The four basic financial statements are described as the balance sheet, income statement, statement of changes in equity, and cash flow statement. Key components and calculations for the income statement and balance sheet are defined. The statement of cash flows is explained as measuring cash inflows and outflows from operating, investing, and financing activities. Important terms like net working capital and free cash flows are also covered.
Tracking implementation and (un)intended consequences of peripheral health fa...resyst
The document discusses the Health Sector Services Fund (HSSF) in Kenya, which provides direct financing to peripheral health facilities to improve quality of care and sustainability. It outlines the implementation of HSSF, including challenges around delays in funding, inadequate funding levels, and complex reporting requirements. The document also examines knowledge gaps and next steps for HSSF as Kenya's health system undergoes devolution and the introduction of new financing mechanisms.
This document provides an overview of basic accounting concepts and procedures for non-accountants. It discusses accounting, bookkeeping, financial statements, cash receipts, cash disbursements, liquidation of cash advances, and basic accounting procedures. The key points are that accounting records and reports financial information, bookkeeping records business transactions, and basic accounting procedures include record keeping, journalizing, posting, preparing a trial balance, and financial statements.
Hello, this slide will take you through the essentials of financial report, Fundamental concepts of Balance Sheet, Profit & Loss, Cash Flow, Ratio Analysis etc. For a detailed course please visit https://excelfinanceacademy.zenler.com/
Chapter 2: Health Care Financial StatementsNada G.Youssef
This document provides an overview of key financial statements and accounting principles for health care entities. It discusses the balance sheet, statement of operations, and accounting standards set by FASB, GASB and GAAP. The balance sheet presents assets, liabilities and net assets at a point in time. The statement of operations summarizes revenues and expenses over an accounting period using the accrual basis. The document also provides examples of components that make up each statement.
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.pptHenry Hollis
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
This presentation was provided by Rebecca Benner, Ph.D., of the American Society of Anesthesiologists, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
How Barcodes Can Be Leveraged Within Odoo 17Celine George
In this presentation, we will explore how barcodes can be leveraged within Odoo 17 to streamline our manufacturing processes. We will cover the configuration steps, how to utilize barcodes in different manufacturing scenarios, and the overall benefits of implementing this technology.
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxEduSkills OECD
Iván Bornacelly, Policy Analyst at the OECD Centre for Skills, OECD, presents at the webinar 'Tackling job market gaps with a skills-first approach' on 12 June 2024
🔥🔥🔥🔥🔥🔥🔥🔥🔥
إضغ بين إيديكم من أقوى الملازم التي صممتها
ملزمة تشريح الجهاز الهيكلي (نظري 3)
💀💀💀💀💀💀💀💀💀💀
تتميز هذهِ الملزمة بعِدة مُميزات :
1- مُترجمة ترجمة تُناسب جميع المستويات
2- تحتوي على 78 رسم توضيحي لكل كلمة موجودة بالملزمة (لكل كلمة !!!!)
#فهم_ماكو_درخ
3- دقة الكتابة والصور عالية جداً جداً جداً
4- هُنالك بعض المعلومات تم توضيحها بشكل تفصيلي جداً (تُعتبر لدى الطالب أو الطالبة بإنها معلومات مُبهمة ومع ذلك تم توضيح هذهِ المعلومات المُبهمة بشكل تفصيلي جداً
5- الملزمة تشرح نفسها ب نفسها بس تكلك تعال اقراني
6- تحتوي الملزمة في اول سلايد على خارطة تتضمن جميع تفرُعات معلومات الجهاز الهيكلي المذكورة في هذهِ الملزمة
واخيراً هذهِ الملزمة حلالٌ عليكم وإتمنى منكم إن تدعولي بالخير والصحة والعافية فقط
كل التوفيق زملائي وزميلاتي ، زميلكم محمد الذهبي 💊💊
🔥🔥🔥🔥🔥🔥🔥🔥🔥
5. Managing Our Budget
• Commitment control is used two ways
• Expenses are budgeted for all funding sources
• Tracking with budget
• Full budget control
• Budget is released to specific chart field strings
• A chart field is a way to tag a transaction
• Chart fields are grouped together as a chart field string to direct how the accounting entry is
recorded and reported
• Also used for revenue tracking in auxiliary funds
5
6. When does USF budget check?
• Budget checking is initiated when:
• A requisition is submitted
• A purchase order is created
• A change order is submitted
• An invoice is paid
• An expenditure transfer is submitted
• An interdepartmental billing is submitted
• Travel authorization is submitted
• Travel expense report is submitted
• PCard expense is posted
• A customer billing is created
• A deposit is recorded by a cashier
• During automated nightly processing
• On demand by authorized users
6
7. How does USF incur expense?
7
Expense Method Budget Impact
Salary Not encumbered; RSA is reduced when salary is posted
Travel Authorization Encumbered when the travel authorization is created; reduces RSA
Travel Expense Report Not encumbered; RSA is reduced when the expense is posted
PCard Purchases Not encumbered; RSA is reduced when the expense is posted
Expense Action Budget Impact
Item purchased with a purchase order
Encumbered when the requisition is created
Interdepartmental buying; departments sell to each other
Not encumbered; RSA is reduced when the journal entry is posted in
general ledger
Expenditure transfers
Not encumbered; RSA is reduced on the new chart field string and
increased on the old chart field string when the transaction is posted in
general ledger
9. How does USF account for Funds?
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• USF practices fund accounting
• Funds are categorized in a fund group
• Within the fund groups, there are individual fund IDs
• All are subject to budget checking
• Fund accounting helps ensure proper use of funds; accountability is the key
10. Definitions
• Public purpose
• General revenue (often referred to as E&G)
• State funds allocated by the legislature to USF each fiscal year; derived from sales tax collections
• These funds begin with a “1”
• Carry-forward funds
• Unspent general revenue funding from the prior fiscal year
• These funds begin with a “1”; normally 10009
• Auxiliary funds
• Auxiliaries require an EBA approved by USF Controller’s Office to conduct commercial business activities
with customers outside USF
• Auxiliaries at USFSP begin with a “07”; at USFSM with a “06”
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11. Definitions
• Special purpose
• Sponsored research funds
• Allocated by a federal, state or private agency to USF with a PI (project investigator) identified with a
specific line item budget
• RIA - research initiative may include
• F&A recovery and residuals from fixed price contracts
• Faculty startup
• Internal awards
• These funds begin with “183”
• These funds are subject to full budget control
• Student fees
• Tuition and fees paid to USF by the students to be used only for student support
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12. Definitions
• Not USF money
• Student financial aid
• May be received from federal, state, or private sources
• May involve a transfer from the USF Foundation
• Agency funds
• For example sales tax collected from commercial sales of services to customers outside of USF
• Convenience funds
• Reimbursement received from a DSO - for example UMSA receiving funds in acknowledgement of effort
expended by USF staff in support of the USF College of Medicine clinics
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13. EBA – Educational Business Activity
• An EBA is a revenue-raising activity that supports the overall mission of USF.
• Departments and units submit the request to the Controller’s Office for authorization to conduct a
business
• Find information and forms on the University Controller’s Website
• Submit a request to create a new EBA or to update an existing EBA
• Include in the request
• EBA Request Form
• EBA Business Plan
• EBA Schedule
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15. Guiding Principles – State Funds
• Concepts
• State appropriations must be expended in accordance with the State Department of Financial Services, Division of Accounting
and Auditing
• In general moneys may only be expended for reasonable and appropriate goods or services necessary to accomplish the
mission of the University (teaching, research, and public service)
• Generally spending is allowed from any of the expense account code categories unless specifically addressed in Florida
Statute or USF guidelines
• State and USF negotiated contracts with vendors must be observed
• Restrictions
• If the item for payment is generally used solely for the personal convenience of employees and which generally are not
necessary in order for the University to carry out its statutory duties, the unit must provide justification for the purchase of
these items or perquisite approval by an appropriate official
• E&G moneys cannot be expended to satisfy the personal preference of employees
• For example, cannot be used for
• Portable heaters, fans, refrigerators, stoves, microwaves, coffee pots or supplies, picture frames, wall hangings,
decorations, etc.
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16. Guiding Principles – State Funds (continued)
• More specific restrictions
• Expenditures from state funds for the following items are prohibited unless “expressly provided by
law”
• Congratulatory telegrams
• Flowers and/or telegraphic condolences
• Presentment of plaques for outstanding service
• Refreshments such as coffee or doughnuts
• Decorative items (artwork, plants, etc.)
• Greeting cards
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17. Guiding Principles – Auxiliary Funds
• Concept
• Auxiliary moneys may be expended for any goods or services necessary to fulfill the mission and
programmatic needs for which the auxiliary was established under the USF authorized EBA
• Find more information by searching for EBA on Business Processes
• Generally spending is allowed from any of the expense account code categories unless specifically
addressed in Florida Statute or USF guidelines
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18. Guiding Principles - Research
• Concept
• These funds are much more restrictive in that expenditures must meet the specific budgetary
requirements of the project as specified in the Notice of Award.
• Some projects may also specify expenditures that would otherwise not be allowed
• Examples are payments to research participants and certain items of a personal nature that are necessary as part of the
sponsored project (example: food or clothing items)
• Sponsored Research
• Federal research governed by OMB circulars A-21, A-110 and A-133; there are also specific Cost
Accounting Standards that apply
• State agencies and private foundations also have specific guidelines
• USF Internal Awards Program
• The mission of the Internal Awards Program is to foster excellence in research and scholarship by USF
faculty and support activities aimed at securing extramural funding
• Consult USF Research for more details
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19. Voucher
• What is a Voucher?
• Voucher Accounting Entry
• Voucher Information
20. What is a Voucher?
• A voucher can be defined as a document used in an internal control system to contain
and verify all information about a bill to be processed or paid
• Vouchers are recorded in the Accounts Payable module and are managed by UCO
Accounts Payable
• Vouchers have unique identifying numbers
• At USF, voucher ID’s are eight digit beginning with a zero
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21. The Voucher Accounting Entry
• Vouchers are produced
• After receiving the vendor invoice
• After matching occurs (matching the PO, vendor invoice, and receiving document)
• After the bank bills USF for PCard activity
• An accounting entry is created
• Recording the expense (a debit to expense)
• Recording a liability to the vendor (a credit to liability)
• A typical voucher accounting entry would look like the below:
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22. The Voucher Information
• Remember the USF chart of account codes
• Liability accounts begin with a “2”
• Vendor expense accounts begin with a “5” or “6”
• A voucher is packed with vendor and payment information
• Find voucher information in the accounts payable module of FAST
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23. Journal Masks / Entries
• What is a Journal?
• Journal Mask
• Journal Entries
• How to submit a Journal Entries
• Deadlines for Journal Entries
• Where to send Journal Entries
24. What is a Journal?
• Most transactions are created in various modules (aka subsidiary ledgers)
• Transactions that are similar in nature are batched into journals
• The journals are posted to the general ledger
• The general ledger displays high level summary of accounting transactions based on chart fields and accounting
periods
• Journals have unique identifying numbers
• The numbering scheme for journals is
• Letters (usually three); called a journal mask
• Seven digits automatically assigned by the system in sequence
• The journal ID is unique
• The journal mask (the letters) identifies either the character of the transactions or the source of the transactions
• To understand journal masks, use the University Controller’s Office Website – Internal Accounting Services
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25. Sample of Common Journal Masks
25
Journal Masks Definition
APA accounts payable accrual (vouchering)
APP accounts payable payments to vendors
BNR transactions originating in Banner/OASIS
TAS telephone billings from USF IT
EXA travel expense accrual
EXP travel expense reimbursements
ARB accounts receivable billings to customers
ETR non-payroll expenditure transfer
26. Journal Entries
• Journal entries are balanced accounting transactions posted directly to the general
ledger
• Journal entries may need to be created
• Resulting from discovery during reconciliation
• To initiate an expenditure correction
• To initiate a cash correction
• To initiate an interdepartmental billing
• All journal entries are budget checked
• Including expenditure transfers
• Including interdepartmental billings
*Choose the right journal mask
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27. Journal Entries can be delayed
• Budget issues
• Insufficient RSA (remaining spending authority)
• Chart field string never had budget released
• If a grant, the transaction date is out of bounds
• Accounting coding
• An invalid chart field is being used
• An invalid chart field string is being used (combination edit)
• A sponsored project may have passed it’s ending date
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28. How to submit Journal Entries
• Journal entries need supporting documentation for audit purposes - this provides a sound audit trail
• Journal entries may be
• Non-payroll expenditure transfers
• Payroll expenditure transfers (may be referred to as RETS)
• Interdepartmental billings
• Use the journal entry template
• It is in the format of an Excel spreadsheet
• Find it on the Controller’s Office Website - Journal Entry Template
• Attach to the journal spreadsheet
• An image of the invoice
• An image of the finance mart page illustrating the original expense posting
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29. Deadline for Journal Entries
• RETS should be prepared promptly after the error occurs but no later than 90 days following the date of
the occurrence unless a longer period is approved in advance
• Cost transfers for expenditures being removed from sponsored research projects to a non-project related
account due to clerical or bookkeeping errors should occur as soon as the error is detected regardless
when the error occurred
• All FWS RETS need to be submitted within 30 days and should be sent to Student Financial Services for
secondary approval.
29
30. Where to send Journal Entries
30
Expenditure Transfers RNSexpt@usf.edu
Cash Receipt Corrections RNSinterdept@usf.edu
Departmental Billings RNSinterdept@usf.edu
31. Accrual Accounting
• What is Accrual Accounting?
• Illustration of Expense and Vendor Payments
• Illustration of Revenue and Customer Payments
• Accounting Periods
32. Accrual Accounting
• Two primary methods of accounting are
• Cash basis
• Accrual basis
• USF uses a modified accrual method
• Accrual is all about timing
• For instance the timing of
• When an expense is recognized
• Expense is recognized when it occurs, not when it is paid
• When revenue is recognized
• Revenue is recognized when it is earned, not when it is collected
• It leads to a more accurate reporting of our financial condition
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33. Accrual Accounting (continued)
• Accrual expense entries
• Expense is recorded subsequent to the voucher being created
• This is the point when the vendor debt is acknowledged
• Even though actual payment may not be paid for several days
• The accounting entry created by the voucher is
• Accrual revenue entries
• Revenue is recorded when it is earned
• Revenue is earned when the customer is invoiced
• Customer invoicing is created in the billing module
• The accounting entry created by the customer invoice is
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A debit to expense Account beginning with 5 or 6
A credit to accounts payable Account beginning with code 20000
A debit to accounts receivable Account 12010
A credit to revenue Account code beginning with 4
34. Illustration of Expense and Vendor Payment
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Recognize Expense and Vendor Debt
Amount Oper. Unit Fund GL Acct. Dept. Product Initiative
Debit $ 3,000.00 TPA 10000 53600 020600 PFS001 0000000
Credit $ (3,000.00) TPA 10000 20000
Record Vendor Payment and Clear Vendor Debt
Amount Oper. Unit Fund GL Acct. Dept. Product Initiative
Debit $ 3,000.00 TPA 10000 20000
Credit $ (3,000.00) TPA 10000 10031
35. Look at it from a different view
• This illustration may help
• In the accounting world a “ T “ account is sometimes employed to work through an accounting issue
• The left side of the “ T “ is for the debit or positive entry
• The right side of the “ T “ is for the credit or negative entry
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36. Look at it from a different view (continued)
• Record expense and accounts payable after the voucher is created; the accounting entry appears in
yellow
• Pay the vendor and clear the account receivable; the accounting entry appears in orange
36
37. Illustration of Revenue and Customer Payment
37
Recognize Revenue
Amount Oper. Unit Fund GL Acct. Dept. Product Initiative
Debit $ 500.00 TPA 03600 12010
Credit $ (500.00) TPA 03600 44000 042700 000000 0000000
Record Customer Payment
Amount Oper. Unit Fund GL Acct. Dept. Product Initiative
Debit $ 500.00 TPA 03600 10011
Credit $ (500.00) TPA 03600 12010
38. Look at is from a different view
• An Auxiliary makes a sale; this accounting entry in green records the revenue of the sale and the account
receivable
• When the customer pays USF, the blue entry records the cash deposit and clears accounts receivable
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39. Accounting – Things to look for
• All accounting entries have a sign
• Debit is the term for a positive entry amount
• Credit is the term for a negative entry amount
• All accounting entries must balance
• The credits (negatives) must balance to the debits (positives)
• An accounting entry will not post to general ledger unless it is in balance
• GL account codes that naturally have a debit balance
• Expenses (beginning with 5, 6, or 75)
• Assets (beginning with a 1)
• GL account codes that naturally have a credit balance
• Revenue (beginning with a 4 or 74)
• Liabilities (beginning with a 2)
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40. Accounting – Things to look for
• Expenses and Assets
• Increase with a debit (plus value)
• Decrease with a credit (negative value)
• Revenue and Liabilities
• Increase with a credit (negative value)
• Decrease with a debit (plus value)
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41. Accounting Periods
• The USF fiscal year is July 1 through June 30
• Our accounting periods
• Periods 1 through 12 represent July through June
• Period 998 is the adjustment period
• Period 0 represents balance sheet account balances brought forward from prior fiscal year to next
fiscal year
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43. 43
Helpful Resources
Email Department
aphelp@usf.edu Accounts Payable Help
Asset-help@usf.edu Asset Management Help
billingarhelp@usf.edu Billing and AR Help
cashiers@usf.edu Cashiers Office Help
Electronic-media-disposal@usf.edu Electronic Media
financemart@usf.edu Finance Mart Questions
payrollhelpdesk@usf.edu Payroll Questions
pcard@usf.edu PCARD Questions
travelhelp@usf.edu Travel Questions
usfpurchasing@usf.edu Purchasing Help
44. 44
Online Business Processes
• The address is www.usf.edu/businessprocesses
• Allows for keyword search or category search
• You may pose questions
• Look for information on
Accounting practices
HR-payroll
Purchasing
Research
The USF Foundation
And many other subject areas
Look for the TRAIN
The Research Administration Improvement
Network
www.research.usf.edu/train
The Goals
• Building the knowledge base of
research administrators
• Enhancing professional competencies
• Improving business processes and
reporting
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University Controller’s Office (UCO)
o http://www.usf.edu/business-finance/controller
• UCO Administrative Services, Accounting & Reporting, Student Services, Travel & Accounts Payable, Payroll
& Tax Services, and Procurement.
Important ListServ accounts:
o FAST ListServ
• Visit http://listserv.usf.edu/scripts/wa.exe?A0=FAST-LIST to subscribe; click Get Password
o Travel ListServ
• Travel home page to subscribe
o Payroll ListServ
• Look on the Payroll Overview page to subscribe
o Purchasing ListServ