gaap reports from cfs common code modifications mp2 presented by: lily wang audit

GAAP Reports from CFS Common Code Modifications MP2

Presented by:

Lily WangAUDIT

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Agenda

GAAP Reports Menu Selection

GAAP Reports Statement of Net Assets

GAAP Reports Journal Detail Report

GAAP Reports Ledger Detail Report

CMP/CSU/GAP Ledger Comparison

CSU_ UNRECON_CHK_CSH_BAL Query

AP Check Register

CSU_GAAP_OVERRIDE Query

Reporting Solution Table

May 2010 Year-End GAAP Training

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GAAP Reports Menu Selection

Report names have been updated to closer match actual name of the report.


Enhanced

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Statement of Net Assets

CSUFS168 – Statement of Net Assets – Current year income is added to each net asset

category. No longer need to run a post-close to see the post-close

net asset category balances.

– Natural classification accounts previously suppressed appear on statement

Trial Balance Summary and Trial Balance Detail will agree to statement.

Easily identify balances that need to be eliminated for GAAP.


Enhanced

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Natural classification accounts previously suppressed


711104 Due from other funds

Must offset each other to zero

712102 Due to other funds

713891 Agency depository accounts

Legal balances

713892 Agency grants refundable

Must net to zero

713899 fund balance clearing

714001 Legal

714002 Legal

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Statement of Revenues and Expenses



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Journal Detail Report

Journal Detail Report – Current CMS delivered GAAP reports are static and do

not allow campuses to download, filter and sort data.

– This report will output to a CSV file format and can be saved as Excel.

– Allow campuses to slice and dice the data for research and analysis.

Great for researching “Journal Lines Not Found” on the Trial Balance Leadsheet Summary and Detail Reports.


New

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CSU State & SW Reporting > Campus Reports > Journal Detail Report


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723005 is Interest Expense and should not be in program group 07 Oper & Maint of Plant.

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Ledger Detail Report

Ledger Detail Report – Current CMS delivered GAAP reports are static and do

not allow campuses to download, filter and sort data.

– This report will output to a CSV file format and can be saved as Excel.

– Allow campuses to slice and dice the data for research and analysis.

Great for fluctuation analysis


New

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CSU State & SW Reporting > Campus Reports > Ledger Detail Report


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Current Year

Prior Year

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CMP/CSU/GAP Ledger Comparison – External audit requires each campus to provide a

comparison of the CMP/CSU/GAP business unit ledger balances for periods 1-12 to ensure population of data is complete in the GAP Ledger.

– Baseline report across CSU to meet external audit Prepared by Client request.

– PDF report


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CSU State & SW Reporting > Campus Reports > Trial Balance by Campus Ledger


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CSU_UNRECON_CHK_CSH_BAL Query

CSU_ UNRECON_CHK_CSH_BAL Query– Created to assist with the external audit preparation --

Reclassification of Net Cash from short-Term Investments.

– May also be used for monthly bank reconciliation.

– Identifies outstanding AP Checks by Net Asset Category and CSU fund.


New

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Reporting Tools > Query > Query Viewer


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AP Check Register

AP Check Register– Requested by external auditor to perform a search for

unrecorded liabilities.

– Baseline report across CSU to meet external audit Prepared by Client request.

– PeopleSoft delivered check register is bulky and results in a report that wastes paper.

– CSU SQR report is formatted and sorted to produce an efficient report.


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AP Check Register

Accounts Payable > Reports > Payments > CSU Check Register


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AP Check Register


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CSU_GAAP_OVERRIDE Query– Created to identify chartfields that have been assigned

override values for GAAP derivation.

May 2010 Year-End GAAP Training23

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Reporting Tools > Query > Query Viewer


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FNAT value 836

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CSU_R_APYMT_CMP – CMP AP Payment Transactions

– Created to meet GAAP audit requirements.


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Resources

Year-End Training Website (PowerPoint)– http://www.calstate.edu/SFSR/Workshops/index.shtml

FAST-ED Portal (Audio Recording)– https://coweubr101.calstate.edu/portal/page/portal/IP_

SITE_74

CFS Website– http://cms.calstate.edu/06_Projects-Initiatives/06F_FIS

PROJ_CFS/CMS_06F_00_CFS_Home.asp


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CFS Modifications User or Business Process Guides

AP07002 – AP Queries FIS90_UG – AP Reports and Enhancement

AP09002 – AP Check Register FIS90_UG – AP Reports and Enhancement

FS07002 – Reporting Solution CFS90_UG – Reporting Solution

GL02002M – GAAP Reports CFS90_UG – GAAP Reporting

GL07001 – GL Queries CFS90_UG – General Ledger Reports

GL09012 – CMP/CSU/GAP Ledger Comparison Report

CFS90_UG – General Ledger Reports

GL09015 – Journal Detail Report CFS90_UG – General Ledger Reports

GL09016 – Ledger Detail Report CFS90_UG – General Ledger Reports

gaap reports from cfs common code modifications mp2 presented by: lily wang audit

Documents