The UC Davis Finance and Business Inventory Management team is excited to announce the Capital Equipment Webinar Series designed to help UC Davis staff successfully purchase, manage, and retire capital assets and successfully navigate the biennial equipment certification. The concepts and processes taught in these webinars are meant to help departments speed up acquisition of new capital equipment, successfully navigate the biennial equipment certification, and avoid time consuming audit findings.
The customer request form, used to request and update new customers for Accounts Receivable, has been revised. The updated form now includes collector group information and should be used for all future customer request submissions.
In addition to the new collector group information, the form has been streamlined to remove unnecessary fields and clarify several other fields to improve usability and efficiency for departments submitting requests.
In the recent Oracle 26B release, Department P&L Reports that are exported to Microsoft Excel are displayed on multiple tabs by default to prevent long-page printouts. To display the report on a single tab, you must set the Print Engine reporting preference before running the report. For instructions, see KB0009758 Run the Department P&L Report.
After a period closes, any FITS transactions still in “pending” status become “stale” and can no longer be approved. Attempting to approve a stale transaction results in an error. Since submitted transactions cannot be edited, initiators need to resubmit stale transactions using an accounting date within the current open period.
Learn how teams in Accounting and Financial Reporting and the Office of Business Transformation are helping staff build essential accounting knowledge for everyday work in Aggie Enterprise.
Each year, accounting and financial staff at UC Davis await the release of the new fiscal close calendar. The calendar contains a list of tasks that must be completed, approved, and posted by specific deadlines. Just as important, it helps the university close the fiscal year accurately and on time.
Fund 2000B is reserved for sponsored projects under contracts and grants only. However, some non-sponsored project expenses were posted to Fund 2000B. In this webinar, we explain the impact of this error and walk you through how to identify and clear inappropriate expenses in Fund 2000B.
In this session of the Accounting Fundamentals Series, we look at the concept of accrual-based accounting and how it differs from cash-based accounting. We also examine accrual-adjusting journal entries, discuss why reversing journal entries are used with accrual-adjusting entries, and walk through basic scenarios. This session is designed for learners with little to no accounting background.
In this latest session of the Accounting Fundamentals Series, we look at the Chart of Accounts. This session is designed for learners with little to no accounting background.
In this session, we discuss:
What a chart of accounts is
Chart strings and segments
How to build chart strings and how to translate chart strings using available reports and tools
Watch the recording of the second session of the accounting fundamentals series. presented by UC Davis Central Accounting and Aggie Enterprise Change, Communications and Training. These sessions are designed for staff with little to no accounting experience.
In the first half of the session, we take a look at the basics of journals, the general ledger and subledgers. In the second half, we take a look at reports that help us trace transactions between the General Ledger and a subledger.
