Student Financials Accounting - The Necessary Evils
Session Number: 35109
Track: Student Financials
Sub-Categorization: Reconciliation
Session Type: Member Institution
Primary Presenter: Nok Sitchawat [Manager of Student Financial Services - University of Colorado]
Co-Presenter: Molly Doyle [University of Colorado]
Time: Mar 09, 2016 (09:15 AM - 10:15 AM)
Room: 201
Session Length : Regular Length
Learning Objectives : - Reconciliations processes
- Student financials accounting practices
- Internal control
Knowledge level : Intermediate
Prerequisites : None
Advance preparation: No Advance Preparation Required
Product: PeopleSoft
Version Presenting: PS 9.0
Level of Customization: None or N/A
Level of Partner Integration: Select a Value
Project Phase: Production
Project Go Live: N/A
Target Audience: Functional
Your Training in this Area: Bachelor in Accountancy major Information Systems
Description: Student Financials Accounting - the necessary evils
This session will share the accounting practices the University of Colorado Boulder uses for student financials accounting including Campus Solution SF reconciliations with our GL finance system (PeopleSoft).
- Why reconciliations: do we really need to?
- What reconciliations: student receivables and liabilities, tuition revenue and deduction, 3rd party sponsorship receivables, payment clearing reconciliations.
- How we do reconciliations: what data we get and how, integrate system knowledge in reconciliations, common reconciliation items.
- When we do reconciliations: monthly, quarterly
- Other necessary evils: aging, allowance calculations, write-off, audit requests
Session Number: 35109
Track: Student Financials
Sub-Categorization: Reconciliation
Session Type: Member Institution
Primary Presenter: Nok Sitchawat [Manager of Student Financial Services - University of Colorado]
Co-Presenter: Molly Doyle [University of Colorado]
Time: Mar 09, 2016 (09:15 AM - 10:15 AM)
Room: 201
Session Length : Regular Length
Learning Objectives : - Reconciliations processes
- Student financials accounting practices
- Internal control
Knowledge level : Intermediate
Prerequisites : None
Advance preparation: No Advance Preparation Required
Product: PeopleSoft
Version Presenting: PS 9.0
Level of Customization: None or N/A
Level of Partner Integration: Select a Value
Project Phase: Production
Project Go Live: N/A
Target Audience: Functional
Your Training in this Area: Bachelor in Accountancy major Information Systems
Description: Student Financials Accounting - the necessary evils
This session will share the accounting practices the University of Colorado Boulder uses for student financials accounting including Campus Solution SF reconciliations with our GL finance system (PeopleSoft).
- Why reconciliations: do we really need to?
- What reconciliations: student receivables and liabilities, tuition revenue and deduction, 3rd party sponsorship receivables, payment clearing reconciliations.
- How we do reconciliations: what data we get and how, integrate system knowledge in reconciliations, common reconciliation items.
- When we do reconciliations: monthly, quarterly
- Other necessary evils: aging, allowance calculations, write-off, audit requests
