OVERVIEW OF THE BUSINESS CYCLE FLOW OF TRANSACTIONS

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "OVERVIEW OF THE BUSINESS CYCLE FLOW OF TRANSACTIONS"

Transcription

1 OVERVIEW OF THE BUSINESS CYCLE Business Cycle Name Fixed Assets Principal Business Activities ACQUIRING FIXED ASSETS DEPRECIATING FIXED ASSETS DISPOSING FIXED ASSETS MANAGING FIXED ASSETS MAINTAINING FIXED ASSET REGISTER AND/OR MASTER FILE FLOW OF TRANSACTIONS Departments Account Managers are authorized to spend their budgeted funds in order to accomplish departmental goals. Purchases of goods or services by departments are initiated in two ways; through a Departmental Purchase Requisition (DPR) or a Small Purchase Order (SPO). If a purchase is for less than $5,000, the Project Manager and designated support staff are authorized to participate in the SPO Program, and the purchase is for allowed goods and services, an SPO may be used. Generally, an SPO is prepared by a departmental secretary and is electronically routed for Project Manager approval within the Oracle ERP System. Encumbering and fund approval of SPOs occur at the point of creation. The Project Manager reviews the prepared SPO and electronically authorizes the small purchase. The SPO is then printed and sent via mail or fax to the vendor. For purchases greater than $5,000 or for purchases that are not processed through the SPO Program, a DPR is generated by the department s secretary and is electronically routed to the Project Manager for approval. After the Project Manager approves the DPR, it is routed through Oracle Workflow to the Purchasing Office for handling. As a state agency, the University participates in a program called the Historically Underutilized Businesses (HUB) Program. The departments are strongly encouraged to purchase goods and services from State certified HUB Vendors. HUBs are businesses that are ethnic minority and/or woman-owned. When departments create requisitions using a Grant account (accounts that begin with a 4), after approval by the Project Manager, these requisitions are routed electronically to Grants & Contracts (G&C) accounting for approval via an automated workflow through Oracle. The designated G&C accountant reviews the requisition to verify appropriateness of the transaction in accordance with the terms of the grant. Once the G&C accountant approves the requisition, it is routed to Purchasing via the automated workflow for processing. Additionally, for transactions related to equipment, the G&C accountant will contact Assets Management and verify the category used on the requisition to ensure that items are properly coded so that they can roll up into the corresponding expenditure type and capital object code. This will prevent items from being miscoded and erroneously excluded from the inventory as capital assets (if applicable contingent on State Property Accounting guidelines). Purchasing The President of the University has granted authority to the Materials Management Director to spend institutional funds for purchases of supplies, goods, services, and equipment. The President also authorizes the Materials Management Director to grant authority to Project Managers to perform small purchase order functions in accordance with HOP In order to receive approval, Project Managers must attend purchasing procedures training. Processing for both SPOs and DPRs is as stated in Departments above. DPRs are reviewed by a Purchasing Buyer and/or Procurement Supervisor. Depending on the requested items, handling is in accordance with established purchasing procedures. The Purchasing Office has five Buyers and a Procurement Supervisor with specific commodity assignments and threshold dollar limits. Once an award is made to a vendor, the Buyer prepares a PO from the DPR and submits it electronically to the Materials Management Director (or designee in absence). Once the Director approves the PO, the Buyer receives a notification of approval through Workflow and prints the PO for mailing to the vendor. Corrections or change orders to existing POs are handled in the Oracle System.

2 Corrections or change orders are routed electronically to the Director for approval. When the merchandise is received, then either a two or three way match is required (See Central Receiving). Ownership of the vendor master files is shared by the Purchasing Office and the Accounts Payable Office. Both offices have assigned personnel that have the ability to create and update the master files. Purchasing guidelines are outlined in the Handbook of Operating Procedures, through and the Materials Management Procedures Manual available at this link. Central Receiving The goods are sent to the University s Central Receiving Department where the items are verified to the packing slip. These orders are called 3-way matches because they require receipt verification from the department. The SPO or the PO is issued out (1 st match), the invoice is sent from the vendor (2 nd match) and finally the department verifies receipt of the goods when Central Receiving personnel deliver the items to the department (3 rd match). For these types of orders, posting of receiving information in the Oracle System is accomplished by the Central Receiving Department. The 2-way match requires only the SPO or the PO to be issued (1 st match) and the invoice to be sent from the vendor (2 nd match). These orders are usually picked up by someone from the department or do not require shipping to Central Receiving such as periodical subscriptions or services. Since these orders do not go through the Central Receiving Department, they cannot post receiving information in the Oracle System. It is the department s responsibility to post the receiving information. Receiving information is posted to the PO record in the Oracle System. The PO record is accessed by the Accounts Payable Office. Assets Management Fixed Asset Additions The Inventory Clerk tags personal property that meets controlled or capitalized asset criteria as stated in the SPA Policy and Procedures Manual, the SPA User s Manual (both of which are generated by the State of Texas Comptroller s Office), and the University s Handbook of Operating Procedures Section USE, ACCOUNTABILITY AND RESPONSIBILITY FOR STATE (UNIVERSITY) PROPERTY. The Inventory Clerk verifies account information for all assets using the UTPA PO Inquiry responsibility through Oracle to identify items purchased from federal accounts (accounts that begin with 41 and 42). Assets that meet the controlled or capitalization thresholds that are purchased from a federal account will be tagged using (a) UTPA tag number and (b) tag number marked as Federal Property. The Inventory Clerk notifies the Fixed Assets Accounting Technician (1) of assets tagged, and asset information is captured through an Assets Management computer database in which asset information is inputted on each item including tag number, item description, serial number, time and date received, and reference purchase order number. The Accounting Technician verifies this list against purchase orders and payments processed in the Oracle PO and AP modules. Additionally, the Assets Manager verifies all capitalized assets on a monthly basis and compares the list of transactions prior to closing the books with the Accounting Technician for accuracy. Asset transactions are imported into FA from AP via the Mass Additions Create process, which is ran on a monthly basis by the Accounts Payable Manager. The Accounting Technician runs the Prepare Mass Additions process and inputs all required information pertaining to each asset into the system, including asset/tag number, serial number, class code, project manager assignment, location, etc. For assets purchased from federal funds, the Accounting Technician will use tag numbers beginning with FED This will identify all assets that were purchased from a federal account; when running reports, this will facilitate tracking all federal assets by including only those assets whose numbers begin with FED. Additionally, Assets Management will request a copy of the award from G&C to maintain proper documentation on the asset. If available, information captured for these assets will include the following in accordance with circular A-110: (a) a description of the equipment, (b) serial number, model number, Federal stock number, national stock number or other identification number, (c) source of the equipment, including the award number, (d) whether the title vests in the recipient or the Federal Government, (e) acquisition date and cost, (f) information to calculate the % of Federal participation in the cost of the equipment, (g) location and condition of the equipment and date the information was reported, (h) unit acquisition cost, (i) ultimate disposition data, including disposal date, sales price or method used to calculate fair market value. NOTE: Most of this information will be available in the award. After the Prepare Mass Additions process is completed, the Accounting Technician also runs the Post Mass Additions process to transfer the assets into the Asset Workbench,

3 which contains the University s inventory. A list of current year capitalized additions from Oracle FA is maintained by the Accounting Technician that is used during monthly reconciliations. Asset additions, retirements, and adjustments are submitted to State on a quarterly basis by running the SPA interface process; these transactions are monitored by the Accounting Technician and reconciled against the AFR at end of year. Land acquisitions, building additions, facilities and other improvement, and infrastructure are entered in Oracle FA on a monthly basis by the Fixed Assets Accounting Technician (2). Construction in progress (CIP) transactions are not entered in Oracle FA until the asset is placed in service (generally when the facility is substantially completed or the building is occupied). Before closing the books, the Assets Manager verifies all capital transactions as listed on the UTPA Ad-hoc Transactions Report-Revised found in the XXEIS General Ledger Reports, and as reflected on the GL funds inquiry screen, which is then exported into Excel. Additionally, the Assets Manager reconciles the entire Investment in Plant fund group on a monthly basis between the list of capital transactions found in the ad-hoc report, GL, FA, and the capital asset reconciliations which are completed by both Accounting Technicians on a monthly basis as follows: FA Accounting Technician (1) reconciles equipment and vehicles (and library books at yearend); FA Accounting Technician (2) reconciles land, buildings, facilities and other improvements, CIP, and infrastructure. Library additions (purchases) are posted in GL on a monthly basis to the Investment in Plant fund group and reconciled by the Assets Manager. At end of year, these items are reversed from GL and entered in FA to ensure proper depreciation calculations, which are automated in Oracle FA using a combination of midyear convention and straight line methods as indicated by UT System. Depreciating Fixed Assets Depreciation expense is automatically calculated and recorded on a monthly basis as part of the end of month closing process. The method (straight line) used to depreciate the assets is taken from the Texas Comptroller s State Property Accounting, and the useful life is based on the class code list determined by SPA. The State Comptroller s Office has prepared a Capital Asset Guide that includes asset category definitions, capitalization thresholds, depreciation methodologies, and examples of expenditures for each class of assets as defined by SPA Depreciation is automatically calculated in Oracle FA and interfaced to GL for posting. Depreciation is posted in GL on a monthly basis by the Accounting Department once the entries are created as part of the end of month closing process. Because this is an automated journal, a paper document is not created or kept for these entries; however, these transactions can be inquired on the system. For AFR purposes, a sample of assets will be selected and depreciation will be calculated manually to ensure that the system s calculations are appropriate. During the testing phase of the Oracle implementation, depreciation calculations that were tested were correct in all instances (UAT, Dev 1, Dev 2, Stage, etc.) Disposing Fixed Assets Obsolete assets are disposed of based on the Texas Comptroller s State Property Accounting guidelines. The University is prohibited from selling/auctioning data processing equipment (i.e. computers). These items are sent to the Texas Department of Criminal Justice to be disposed. All other items are auctioned or donated as permissible by the State of Texas, and UT System Rules and Regulations (Series 80201). As per the National Science Foundation s Award & Administration Guide, unless otherwise specified in a grant, title to equipment purchased or fabricated with federal funds by a college or university will vest in the grantee organization upon acquisition. In the event that title to equipment or property is vested in the Federal Government, such property will be disposed of in accordance with the conditions specified in the grant, if applicable. Public auctions are conducted annually or as required depending on the amount and volume of assets held at the surplus area. Bids for auctioneer services are sent out by the Purchasing Department. Beginning in FY2009, GDA Auction Co. of Texas will conduct auctions on behalf of the University for a contract term of three years; proceeds from the auction are sent to UTPA for deposit. The Accounting Technician verifies that the proceeds reported on the Final Settlement Statement are received and recorded in the financial records.

4 Tags are removed from the equipment by the Inventory Clerk and other Assets Management staff, and are provided to the Accounting Technician so that these items are removed from the Fixed Assets System using a specific disposal code. Gains and losses from the disposition of assets are reported to UT System during the Annual Financial Report. The Assets Manager prepares a reconciliation of gains/losses on sale of capital assets by exporting all transactions from the Fixed Assets System that have a disposal code into an Excel spreadsheet. Those assets with an original cost of $5,000 or greater will be identified for reporting purposes. Managing Fixed Assets Assets Management is required to balance with SPA s records for all capitalized additions, deletions, and other adjustments, but not for controlled assets. Annually, Assets Management provides an inventory of equipment to all Project Managers on an annual basis and requests that they conduct a physical inventory of their assets to verify the accuracy of the list. Project Managers are given a month to conduct this inventory and provide the results to Assets Management. Any discrepancies identified are corrected by the Accounting Technician and the final certification is submitted to the State Comptroller. At year-end and during the Annual Financial Report preparation, the Assets Manager and an assigned Accountant (currently the Accounts Payable Manager) export a year-to-date transaction file using the UTPA Ad-hoc Transactions Report-Revised found in the XXEIS General Ledger Reports and information from GL to verify that all items meeting capitalization rules have been captured in the financial statements. Maintaining Fixed Asset Register and/or Master File The Assets Management Accounting Technicians (2) and the Assets Manager maintain fixed asset registers used for reconciliations. The Accounting Technicians prepare monthly capital asset reconciliations by account and/or by class code from a transactions listing of all purchases made during the month. Reconciliations are verified on a monthly basis and reconciled between FA, GL, and records maintained by the Assets Manager on the Investment in Plant fund group. These files are maintained in the Comptroller s common area within the Fixed Assets folder. Accounts Payable When invoices are received from the vendor, the Accounts Payable department date stamps the invoices in order to comply with the Prompt Payment Law. These invoices are randomly assigned to the AP Clerks for processing. The AP Clerk verifies quantities, amounts, vendor and receiving information prior to processing the invoices for payment. The AP clerk enters these invoices in Oracle in batches; the invoices are matched to a Purchase Order online. The Oracle system does not allow a payment to be processed without posting a receiving date for 3-way match Purchase Orders. The Oracle system does not allow duplicate invoices for a vendor. After invoices are processed, the AP Accountant or AP Manager review the batches and validate these; only the AP Accountant and AP Manager have access to validate transactions. An automated accounting process runs overnight, which creates the accounting entries that are transferred to Projects and GL by another process that runs simultaneously. An AP clerk processes payment batches the following morning. This process selects the payments that are due; only invoices that have been validated will generate a payment. If the payment method is check ; these are selected and a check is generated. If the payment method is electronic, these transactions are uploaded to BOA if the invoices are to be paid via direct deposit. If the payment method is clearing ; these are transactions that need to be sent to USAS (Uniform Statewide Accounting System) if the invoices are to be paid from state funds. Checks are secured in a vault and access is restricted to key personnel. Once checks are printed, the AP Accountant or AP Manager submits a request that creates a Positive Pay File; this file is then sent to the Bank for payee and amount verification. Two student workers put together all payment documentation (state and local) and match to the checks generated or warrants received by the State. The AP Supervisor and the AP Accountant review and approve purchase vouchers on a daily basis and the student workers mail out the checks to the vendors. Object code or account corrections are processed by reversing the original entry and entering the correct one in the distribution form of the invoice in the AP module in Oracle. Corrections for invoices that have been processed from multiple funds are corrected in Accounting. Corrections pertaining to incorrect amounts or wrong vendors are processed by voiding the erroneous check and issuing a new payment to the vendor.

5 The Banner System interfaces with Oracle through feeds that provide the Accounts Payable Office with information to generate refund checks to students and/or Financial Aid disbursements. Accounts Payable guidelines are outlined in the Purchase Voucher Guide and Prompt Payment Act by the State of Texas. The payment request process is initiated by the Accounts Payable Department and is accomplished through six procedures. See W/P

HOWARD UNIVERSITY POLICY

HOWARD UNIVERSITY POLICY HOWARD UNIVERSITY POLICY Policy Number: 300-001 Policy Title: ACCOUNTS PAYABLE: PAYMENTS TO VENDORS Responsible Officer: Chief Financial Officer Responsible Office: Office of the Chief Financial Officer

More information

1. Storeroom supplies -- For items stocked in the Palmer storeroom, use the Requisition for Supplies Form.

1. Storeroom supplies -- For items stocked in the Palmer storeroom, use the Requisition for Supplies Form. DISBURSEMENT PROCESSES Millersville University uses the Accounts Payable module of Banner Finance System to process vendor payments. After payroll, payments for goods and/or services represent the second

More information

EQUIPMENT PURCHASE AND INVENTORY CONTROL POLICIES AND PROCEDURES

EQUIPMENT PURCHASE AND INVENTORY CONTROL POLICIES AND PROCEDURES EQUIPMENT PURCHASE AND INVENTORY CONTROL POLICIES AND PROCEDURES PURPOSE: At Marshall University, it is clearly understood that "equipment" is a special category of purchase and is subsequently maintained

More information

Florida A & M University

Florida A & M University Florida A & M University AP PROCEDURES 3-8-2013 TABLE OF CONTENTS 1.0 OVERVIEW... 1 2.0 DEFINITIONS... 1 3.0 RESPONSIBILITIES... 2 4.0 GENERAL PROCEDURES... 3 4.1 DEPARTMENTAL FISCAL REPRESENTATIVES...

More information

Business Process Review Worksheet

Business Process Review Worksheet Thank you for agreeing to participate in our American University of Paris BUSINESS PROCESS REVIEW forum. While the actual assessment activity will take place on-line via DecisionDirector, you might find

More information

BEDFORD PUBLIC SCHOOLS BUSINESS OFFICE PROCEDURES MANUAL

BEDFORD PUBLIC SCHOOLS BUSINESS OFFICE PROCEDURES MANUAL BEDFORD PUBLIC SCHOOLS BUSINESS OFFICE PROCEDURES MANUAL Revised 3-27-2014 TABLE OF CONTENTS Section 1: Section 2: Section 3: Section 4: Section 5: Section 6: Section 7: Section 8: Section 9: Cash Management

More information

INTERNAL CONTROL QUESTIONNAIRE OFFICE OF INTERNAL AUDIT UNIVERSITY OF THE VIRGIN ISLANDS

INTERNAL CONTROL QUESTIONNAIRE OFFICE OF INTERNAL AUDIT UNIVERSITY OF THE VIRGIN ISLANDS Cabinet Member or Representative responsible for completing this form: INSTRUCTIONS FOR COMPLETING THIS FORM: Answer each question by placing an X in the either the Yes, No,, or Applicable () column. Provide

More information

CASH MANAGEMENT POLICY ACCOUNTING PROCEDURES

CASH MANAGEMENT POLICY ACCOUNTING PROCEDURES CASH MANAGEMENT POLICY ACCOUNTING PROCEDURES CASH RECEIPTS CHECK REQUESTS BANK ACCOUNT RECONCILIATIONS TENANT STATEMENTS AND ACCOUNTS RECEIVABLE -COLLECTION LOSSES/CHARGE-OFF -CASH OVERAGES/SHORTAGES ACCOUNTS

More information

Stated below are the SCIRE activity level control objectives for purchasing and accounts payable.

Stated below are the SCIRE activity level control objectives for purchasing and accounts payable. SCIRE PURCHASING AND ACCOUNTS PAYABLE AND SUMMARY The goals of the purchasing function at SCIRE are to achieve open, competitive and costeffective buying, while adhering to external funding sources for

More information

Centralized Purchasing Questionnaire

Centralized Purchasing Questionnaire Centralized Purchasing Questionnaire Internal Control Questionnaire Question Yes No N/A Remarks Accounting for expenditures is a critical activity in any university. Universities have unique requirements

More information

UW-EXTENSION BUSINESS SERVICES POLICY AND PROCEDURE DOCUMENT (BSPPD) #18 CAPITAL EQUIPMENT

UW-EXTENSION BUSINESS SERVICES POLICY AND PROCEDURE DOCUMENT (BSPPD) #18 CAPITAL EQUIPMENT UW-EXTENSION BUSINESS SERVICES POLICY AND PROCEDURE DOCUMENT (BSPPD) #18 CAPITAL EQUIPMENT INTRODUCTION UW-System policy F33 establishes a systemwide policy on the accountability for capital equipment.

More information

Business Office Vice President for Finance

Business Office Vice President for Finance Policy Title: Accounts Payable Policy No.: 5200 Rev.: 1 Effective Date: March 2010 Last Revision: July 2009 Responsible Office: Responsible Official: Business Office Vice President for Finance Policy Sections...

More information

Texas A&M International University

Texas A&M International University Texas A&M International University Accounts Payable Procedure Manual Maria Elena Hernandez Business Manager Revised June 25, 2014 Table of Contents I. Receiving of Invoices II. Processing invoices III.

More information

CONCORD UNIVERSITY BOARD OF GOVERNORS

CONCORD UNIVERSITY BOARD OF GOVERNORS CONCORD UNIVERSITY BOARD OF GOVERNORS Policy No. 12 Policy on Fixed Asset Inventory Effective Date: 05/04/2005 Section 1. GENERAL 1.1 Scope: This policy provides direction for establishing and maintaining

More information

Paw Paw Public Schools. Business Office. Procedures Manual

Paw Paw Public Schools. Business Office. Procedures Manual Paw Paw Public Schools Business Office Procedures Manual Updated August 2013-1 - TABLE OF CONTENTS Section 1 General Section 2 Cash Management Section 3 Expenditures Purchasing Section 4 Expenditures Accounts

More information

CHAPTER Asset Management

CHAPTER Asset Management CHAPTER 5 Asset Management 8/22/2012 Draft 63 of 106 Capital Asset* Maintenance and Reconciliation Responsible Positions Reviewed by Whom: Risk Type(s) The process of updating the general ledger to reflect

More information

MEMORANDUM INTERNAL CONTROL REQUIREMENTS FOR NON-PROFITS

MEMORANDUM INTERNAL CONTROL REQUIREMENTS FOR NON-PROFITS DIVISION OF CHILD CARE AND EARLY CHILDHOOD EDUCATION HEALTH AND NUTRITION UNIT P O BOX 1437, SLOT S 155 501-320-8982 FAX: 501-682-2334 TDD: 501-682-1550 TO: NON-PROFIT INSTITUTIONS FROM: HEALTH AND NUTRITION

More information

FIXED ASSETS PROCEDURES

FIXED ASSETS PROCEDURES SECTION XI - INVENTORY / FIXED ASSETS FIXED ASSETS PROCEDURES WHO IS RESPONSIBLE? A. Building principals and department managers are accountable for assets/equipment within their immediate area of responsibility.

More information

FIN ERP Key Business Process Changes

FIN ERP Key Business Process Changes FIN ERP Key Business Process Changes Below you will find a table for each of ARC s major functional areas with key business process changes as well as the specific impacts these changes will bring to School/Administrative

More information

COLORADO STATE UNIVERSITY PURCHASING MANUAL

COLORADO STATE UNIVERSITY PURCHASING MANUAL SECTION PM-33 LIBRARY PURCHASING PROCEDURES PAGE 1 I. GENERAL The Colorado State University Libraries purchase thousands of books and periodicals from numerous publishers and jobbers each year. Many of

More information

FIXED ASSET GUIDELINES

FIXED ASSET GUIDELINES 2010 FIXED ASSET GUIDELINES ISSUED APRIL 2010 Table of Contents 1.0 INTRODUCTION... 1 2.0 DEFINITIONS... 1 3.0 DEFINING FIXED ASSETS... 2 3.1 Explanation of what constitutes a MUN fixed asset.... 2 3.2

More information

Office of Contracting & Procurement and Support Service Center Desk Reference

Office of Contracting & Procurement and Support Service Center Desk Reference Oracle PeopleSoft Enterprise I m in. DETROIT PUBLIC SCHOOLS Office of Contracting & Procurement and Support Service Center Desk Reference Created by the Division of Finance Office of Strategic Management

More information

BDO Consulting. Segregation of Duties Checklist

BDO Consulting. Segregation of Duties Checklist BDO Consulting Segregation of Duties Checklist August 2009 BDO Consulting s Fraud Prevention practice is pleased to present the 2009 Segregation of Duties Checklist. We have developed this tool to assist

More information

City of Berkeley. Prepared by:

City of Berkeley. Prepared by: City of Berkeley Berkeley Public Library Purchasing and Accounts Payable Audit Prepared by: Ann-Marie Hogan, City Auditor, CIA, CGAP Teresa Berkeley-Simmons, Audit Manager, CIA, CGAP Frank Marietti, Senior

More information

BUSINESS PROCESS (SAS 112 Compliance)

BUSINESS PROCESS (SAS 112 Compliance) Functional Area: Accounts Payable Name of Process: Payment of PO Invoices Purpose of Process: To liquidate encumbrances for purchase orders issued for goods and services on behalf Of the University. Primary

More information

FINANCIAL AND PURCHASING RECORDS. Includes records showing a summary of receipts, disbursements and other activity against each account.

FINANCIAL AND PURCHASING RECORDS. Includes records showing a summary of receipts, disbursements and other activity against each account. FINANCIAL AND PURCHASING RECORDS FN-1 Account Distribution Summaries (Treasurer s Report) Includes records showing a summary of receipts, disbursements and other activity against each account. Weekly/Monthly-

More information

State of Vermont Project Vision Security Roles Overview. February 5, 2010. Version 1.4

State of Vermont Project Vision Security Roles Overview. February 5, 2010. Version 1.4 State of Vermont Project Vision Security Roles Overview February 5, 2010 Version 1.4 Asset Management Security Roles Overview User Level 1 (Casual User) This role is designed for users who would need to

More information

Internal Control Guidelines

Internal Control Guidelines Internal Control Guidelines The four basic functions of management are usually described as planning, organizing, directing, and controlling. Internal control is what we mean when we discuss the fourth

More information

PEOPLESOFT ENTERPRISE PAYABLES

PEOPLESOFT ENTERPRISE PAYABLES PEOPLESOFT ENTERPRISE PAYABLES Oracle s PeopleSoft Enterprise Payables provides automated invoice and payment processing to ensure timely and accurate payment for KEY FEATURES Support shared service centers

More information

Chapter 15 Auditing the Expenditure Cycle

Chapter 15 Auditing the Expenditure Cycle Chapter 15 Auditing the Expenditure Cycle Expenditure cycle consists of activities related to the acquisition of and payment for plant assets and goods and services. Two major transaction classes: 1 purchases

More information

Norming Asset Management. To make asset management easy and automatic with Sage Accpac ERP

Norming Asset Management. To make asset management easy and automatic with Sage Accpac ERP Norming Asset Management To make asset management easy and automatic with Sage Accpac ERP Modules Asset Accounting Asset Maintenance Asset Leasing Asset Tracking Highlights Integrates with Sage Accpac

More information

Office of Business and Finance

Office of Business and Finance OBJECTIVE To ensure that surplus property is first utilized to the fullest and most reasonable extent possible within the university; to assist and advise on the disposal of surplus property in a fair,

More information

Elementary School Student Activities Guidebook

Elementary School Student Activities Guidebook Elementary School Student Activities Guidebook Updated July 1, 2015 Table of Contents 1. Student Activities Funds.. 3 2. Definitions.... 3 3. Administration...3 4. Stewardship and Custodial Responsibility....4

More information

Introduction to Disbursement Services

Introduction to Disbursement Services Introduction to Disbursement Services Purpose Disbursement Services is a service unit within the University business organization, reporting to the Controller. The department's responsibility is to monitor,

More information

CAPITAL EXPENDITURE POLICIES & PROCEDURES

CAPITAL EXPENDITURE POLICIES & PROCEDURES CAPITAL EXPENDITURE POLICIES & PROCEDURES TABLE OF CONTENTS I. PURPOSE... 3 II. CAPITAL EQUIPMENT... 3 III. CAPITAL ASSET CATEGORIES... 3 IV. DEPRECIATION... 5 V. CAPITAL BUDGET REQUESTS... 5 VI. PURCHASING

More information

The policy and procedural guidelines contained in this handbook are designed to:

The policy and procedural guidelines contained in this handbook are designed to: BASIC POLICY STATEMENT The Mikva Challenge is committed to responsible financial management. The entire organization including the board of directors, administrators, and staff will work together to make

More information

SCHEDULE NO. 30 FINANCIAL RECORDS

SCHEDULE NO. 30 FINANCIAL RECORDS COLORADO MUNICIPAL RECORDS RETENTION SCHEDULE 30.010 SCHEDULE NO. 30 FINANCIAL RECORDS General Description: Records documenting and ensuring accountability for the receipt and expenditure of public funds.

More information

FINANCIAL POLICIES and OPERATING PROCEDURES

FINANCIAL POLICIES and OPERATING PROCEDURES FINANCIAL POLICIES and OPERATING PROCEDURES CHICAGO SERVICE OFFICE C H I C A G O L A N D R E G I O N A L C O N V E N T I O N C H I C A G O L A N D R E G I O N A L S E R V I C E C O M M I T T E E Approved

More information

2. ACCOUNT PAYABLE DEPT. PROCESS

2. ACCOUNT PAYABLE DEPT. PROCESS 2. ACCOUNT PAYABLE DEPT. PROCESS A/P Staff mail is date stamp and sorted Receiver signed PO Vendors signed PO Original Invoice Review documents Accept or Reject Accept start data entry Data entry completed

More information

Overview A. What is the Visa Purchasing card?

Overview A. What is the Visa Purchasing card? Overview A. What is the Visa Purchasing card? The Purchasing Card is a Visa Card used by The University of Winnipeg employees to purchase materials and services up to $999.99 per item (excluding sales

More information

COMMONWEALTH OF PENNSYLVANIA GOVERNOR'S OFFICE. Month-end Closing Processes

COMMONWEALTH OF PENNSYLVANIA GOVERNOR'S OFFICE. Month-end Closing Processes MANAGEMENT DIRECTIVE Subject: Month-end Closing Processes 310.27 Number COMMONWEALTH OF PENNSYLVANIA GOVERNOR'S OFFICE By Direction Of: Michael J. Masch, Secretary of the Budget Date: December 14, 2005

More information

Fiscal Procedure Sequence page number

Fiscal Procedure Sequence page number Table of Contents Fiscal Procedure Sequence page number Treasurer Responsibilities Maintenance of General Ledger Financial Statements Financial Signature/Review Policy Insurance Protection Payroll Procedures

More information

B Resource Guide: Implementing Financial Controls

B Resource Guide: Implementing Financial Controls What s in this Guide: I. Definition: What are Financial Controls? II. Why Do You Need Financial Controls? III. Best Practices: Financial Controls to Consider I. Definition: What are Financial Controls?

More information

RIVERSIDE SCHOOL DISTRICT NO. 2 FIXED ASSETS PROCEDURES MANUAL

RIVERSIDE SCHOOL DISTRICT NO. 2 FIXED ASSETS PROCEDURES MANUAL RIVERSIDE SCHOOL DISTRICT NO. 2 FIXED ASSETS PROCEDURES MANUAL FIXED ASSETS ACQUISITION PROCESS The fixed assets acquisition process is responsible for the proper recording and distributing of any fixed

More information

SAVANNAH STATE UNIVERSITY PURCHASING MANUAL TABLE OF CONTENTS I. PROCUREMENT AND PAYMENT PROCEDURES...1

SAVANNAH STATE UNIVERSITY PURCHASING MANUAL TABLE OF CONTENTS I. PROCUREMENT AND PAYMENT PROCEDURES...1 SAVANNAH STATE UNIVERSITY PURCHASING MANUAL TABLE OF CONTENTS I. PROCUREMENT AND PAYMENT PROCEDURES.....1 A. AUTHORITY OF PURCHASING DEPARTMENT......1 B. PURCHASING DOCUMENTS.....1 C. PURCHASE ORDERS....1

More information

Overview. Responsibility

Overview. Responsibility Overview Property management is an important function at the University. Prudent inventory practices help protect the University s multi-million dollar investment in equipment, provide documentation needed

More information

City of Fredericksburg Cash Handling

City of Fredericksburg Cash Handling City of Fredericksburg Cash Handling Purpose Statement To provide direction for ensuring proper controls over all revenue sources and payment types by safeguarding, depositing and recording on a daily

More information

Central Receiving Policies & Procedures Manual North Carolina Central University Central Receiving

Central Receiving Policies & Procedures Manual North Carolina Central University Central Receiving Central Receiving Policies & Procedures Manual North Carolina Central University Central Receiving 625 George Street Durham NC 27707 Phone: (919) 530-6441 Fax: (919) 530-6152 Hours of Operation: Monday

More information

MANUAL OF PROCEDURE. Miami Dade College Purchasing Card Program. VI-2 Bidding for Commodities and Services VI-3A Minority Business Enterprises

MANUAL OF PROCEDURE. Miami Dade College Purchasing Card Program. VI-2 Bidding for Commodities and Services VI-3A Minority Business Enterprises MANUAL OF PROCEDURE PROCEDURE NUMBER: 6520 PAGE 1 of 12 PROCEDURE TITLE: Miami Dade College Purchasing Card Program STATUTORY REFERENCE: FLORIDA STATUTES 1001.65(1) AND 1010.04(2) BASED ON POLICY: VI-2

More information

SRTC Procedure: Asset Management

SRTC Procedure: Asset Management SRTC Procedure: Asset Management General The State Board of the Technical College System of Georgia (SBTCSG) Policy II.C.9. Inventory Management requires that technical colleges shall maintain accurate

More information

LEHMAN COLLEGE: DEPARTMENTAL RETENTION SCHEDULE 11/8/2013 ACCOUNTS PAYABLE. List of cost center codes for all College expenditures

LEHMAN COLLEGE: DEPARTMENTAL RETENTION SCHEDULE 11/8/2013 ACCOUNTS PAYABLE. List of cost center codes for all College expenditures AP-1 Appropriations of Expenditure Codes List of cost center codes for all College expenditures 6 years after superseded or obsolete General 9[9] b AP-2 Metrics Reports Reports prepared for the VP of Administration

More information

FEDERAL PROPERTY MANAGEMENT PROCEDURE GUIDE

FEDERAL PROPERTY MANAGEMENT PROCEDURE GUIDE FEDERAL PROPERTY MANAGEMENT PROCEDURE GUIDE Purpose The Federal Property Management Procedure Guide provides basic procedures for the management of federal property under North Dakota State University

More information

Lyford CISD. Accounts Payable Manual

Lyford CISD. Accounts Payable Manual Lyford CISD Accounts Payable Manual TABLE OF CONTENTS Requisitions.....3 Purchase Orders..5 Open Purchase Orders...7 Emergency Purchases.8 Accounts Payable 8 Check Distribution 10 Double Orders...10 Budget

More information

NEW YORK CITY HOUSING DEVELOPMENT CORPORATION PURCHASING PROCEDURES. Updated as of December 23, 2014

NEW YORK CITY HOUSING DEVELOPMENT CORPORATION PURCHASING PROCEDURES. Updated as of December 23, 2014 NEW YORK CITY HOUSING DEVELOPMENT CORPORATION I. ORDERING ITEMS PURCHASING PROCEDURES Updated as of December 23, 2014 All requests for purchases are to be coordinated through the Department of Office Services.

More information

ADMINISTRATIVE PROCEDURE

ADMINISTRATIVE PROCEDURE Categories of Fixed Assets 1. Land -Land as well as the costs incurred in preparing the land for its intended purpose. These costs include, but are not limited to, purchase costs, real estate commissions,

More information

Office of the State Controller. Self-Assessment of Internal Controls. Purchasing/Accounts Payable Cycle. Objectives and Risks

Office of the State Controller. Self-Assessment of Internal Controls. Purchasing/Accounts Payable Cycle. Objectives and Risks Office of the State Controller Self-Assessment of Internal Controls Purchasing/Accounts Payable Cycle Objectives and Risks Agency Year-End Objectives All requests for goods and services are initiated and

More information

Conference Room Pilot. Cash Management

Conference Room Pilot. Cash Management Conference Room Pilot Cash Management Housekeeping A copy of the presentation will be shared with attendees 1 week from the presentation date Breaks PM Break approx. 2:30 pm Restrooms Main hall to right

More information

6-8013 Control of Fixed Assets

6-8013 Control of Fixed Assets 0 0 Yosemite Community College District Policies and Administrative Procedures No. -0 Policy -0 Control of Fixed Assets An up-to-date fixed assets inventory shall be maintained. Overall responsibility

More information

Tulane Purchasing Card Policies and Procedures

Tulane Purchasing Card Policies and Procedures Tulane Purchasing Card Policies and Procedures I. Purpose The Purchasing Card program was established to provide a more efficient and cost-effective method for purchasing and paying for small dollar transactions,

More information

This policy is supplemented by the Purchasing Card User's Manual that gives detailed PCard operating and processing procedures.

This policy is supplemented by the Purchasing Card User's Manual that gives detailed PCard operating and processing procedures. Procedure No. 31.604 Purchasing Card (PCard) Policy Date Issued: 9/9/04 Date Effective: 9/9/04 Issued By: Finance & Administration Division Purpose: The Clarion University Purchasing Card (PCard) Program

More information

THE UNIVERSITY OF THE WEST INDIES, MONA CAMPUS

THE UNIVERSITY OF THE WEST INDIES, MONA CAMPUS 3 GENERAL PROCUREMENT 3.1 Introduction All employees of the UWI Mona Campus, charged with authority in the procurement of goods, services and works, are expected to act responsibly and make decisions that

More information

Administrative Policies and Procedures Manual 801 PURCHASING GOODS AND SERVICES

Administrative Policies and Procedures Manual 801 PURCHASING GOODS AND SERVICES VER: 1.0 CSA Review Date: 12/2008 Revised: 12/2008 Administrative Policies and Procedures Manual 801 PURCHASING GOODS AND SERVICES POLICY Purchases shall be made by: a purchase order issued by the Administrative

More information

Cabinet Secretary of Human Resources and Administration. Agency Management PeopleSoft Implementation Briefing

Cabinet Secretary of Human Resources and Administration. Agency Management PeopleSoft Implementation Briefing Oscar B. Jackson, Jr., Administrator Secretary of Human Resources and Administration Brad Henry Governor STATE OF OKLAHOMA OFFICE OF PERSONNEL MANAGEMENT Serving Equal Opportunity Employers OPM 03-37 DATE:

More information

Internal Controls Questionnaire (ICQ)

Internal Controls Questionnaire (ICQ) Internal Controls Questionnaire (ICQ) Review the section entitled Internal Controls before completing this questionnaire. The lists of internal control questions below do not represent a complete and comprehensive

More information

Accounts Payable Workshop. Boston University Office of the Comptroller

Accounts Payable Workshop. Boston University Office of the Comptroller Accounts Payable Workshop Boston University Office of the Comptroller Accounts Payable Workshop Topics of Discussion Accounts Payable Organization Purchases Covered by University Purchasing Policy Receipt

More information

ASSET MANAGEMENT. State of Vermont. Department of Finance & Management

ASSET MANAGEMENT. State of Vermont. Department of Finance & Management ASSET MANAGEMENT This guide walks you through Policies and Procedures, Searching for Assets, Adding Assets, Adjusting Assets, Transferring Assets, Retiring and Reinstating Assets and Running an Asset Query.

More information

INTERNAL ACCOUNTING CONTROLS CHECKLIST FOR NTMA CHAPTERS

INTERNAL ACCOUNTING CONTROLS CHECKLIST FOR NTMA CHAPTERS P R E C I S I O N INTERNAL ACCOUNTING CONTROLS CHECKLIST FOR NTMA CHAPTERS Presented at NTMA 2004 Annual Convention Palm Springs, CA February 2004 National Tooling & Machining Association 9300 Livingston

More information

ADMINISTRATION AND FINANCE POLICIES AND PROCEDURES. INVOICE PROCESSING AND DISBURSEMENTS Revision Date: 1/24/2010 Reviewed 11/23/2013

ADMINISTRATION AND FINANCE POLICIES AND PROCEDURES. INVOICE PROCESSING AND DISBURSEMENTS Revision Date: 1/24/2010 Reviewed 11/23/2013 Chapter 8 ADMINISTRATION AND FINANCE POLICIES AND PROCEDURES INVOICE PROCESSING AND DISBURSEMENTS Revision Date: 1/24/2010 Reviewed 11/23/2013 TABLE OF CONTENTS 8.01 OVERVIEW OF CASH DISBURSEMENTS PROCESS..

More information

Microsoft Dynamics AX Core ERP Features and Business Processes

Microsoft Dynamics AX Core ERP Features and Business Processes Microsoft Dynamics AX 2012 Core ERP Features and Business Processes Table of Contents Introduction to Microsoft Dynamics AX... 3 Accounts Payable... 3 Accounts Receivable... 4 General Ledger... 5 Budgeting...

More information

The minimum frequency of the inventory of assets is indicated as follows:

The minimum frequency of the inventory of assets is indicated as follows: Updated September 19, 2012 Authority Chapter 75, Section 12 of the Massachusetts General Laws (MGL) delegate to the Board of Trustees the responsibility of managing and administrating, on behalf of the

More information

Accounting Policies and Procedures Manual

Accounting Policies and Procedures Manual Accounting Policies and Procedures Manual Kansas Association of Local Health Department October 28, 2013 Page 2 of 10 Contents I. Introduction... 4 II. Division of Responsibilities... 4 Board of Directors...

More information

[Company Name] Accounting Policies and Procedures Manual

[Company Name] Accounting Policies and Procedures Manual [Company Name] Accounting Policies and Procedures Manual [Company Name] Accounting Policies and Procedures Manual Table of Contents Introduction 1 Division of Duties 2 Cash Receipts Procedures 4 Cash Disbursements

More information

Dynamics GP 50 More Tips in 50 Minutes

Dynamics GP 50 More Tips in 50 Minutes Financial Tip #1 Use Keyboard Shortcuts for Marking Cleared Transactions in Bank Rec Transactions >> Financial >> Reconcile Bank Statement Select the first transaction, then type CTRL+B (Begin Range).

More information

Division of Business Affairs Financial Services Department. Accounts Payable. Procedures Manual

Division of Business Affairs Financial Services Department. Accounts Payable. Procedures Manual Division of Business Affairs Financial Services Department Accounts Payable Procedures Manual Revised January 5, 2015 Page 1 Table of Contents Purpose....3 Scope... 3 Definitions...3 Incoming Mail......4

More information

3-0127 ADMINISTRATION & FINANCE August 2010 FEDERAL PROPERTY MANAGEMENT STANDARDS

3-0127 ADMINISTRATION & FINANCE August 2010 FEDERAL PROPERTY MANAGEMENT STANDARDS [ FEDERAL PROPERTY MANAGEMENT STANDARDS 3-0127 ADMINISTRATION & FINANCE August 2010 1.01 The Director of Budget Operations through the Associate Vice President for Administration and Finance is designated

More information

Chapter 10 Receiving, Inspection, Acceptance Testing and Acceptance or Rejection

Chapter 10 Receiving, Inspection, Acceptance Testing and Acceptance or Rejection Chapter 10 Receiving, Inspection, Acceptance Testing and Acceptance or Rejection Table of Contents Receiving, Inspection, Acceptance Testing and Acceptance or Rejection...1 Chapter 10...3 Receiving, Inspection,

More information

Sonoma County. Internal Audit Report. Auditor Controller Treasurer Tax Collector

Sonoma County. Internal Audit Report. Auditor Controller Treasurer Tax Collector Follow Up of the Audit Report: Northern Sonoma County Air Pollution Control District For the Periods Ending: June 30, 2012 and 2013 Sonoma County Auditor Controller Treasurer Tax Collector Internal Audit

More information

Table of Contents. Transmittal Letter... 1. Executive Summary... 2-3. Background... 4-5. Objectives and Approach... 6. Issues Matrix...

Table of Contents. Transmittal Letter... 1. Executive Summary... 2-3. Background... 4-5. Objectives and Approach... 6. Issues Matrix... Internal Audit Committee of Brevard County, Florida Internal Audit Review of Accounts Payable Prepared By: Internal Auditors of Brevard County September 22, 2010 Table of Contents Transmittal Letter...

More information

ASSOCIATED STUDENTS, INCORPORATED CALIFORNIA STATE UNIVERSITY, LONG BEACH DATE REVISED: 04/10/2013

ASSOCIATED STUDENTS, INCORPORATED CALIFORNIA STATE UNIVERSITY, LONG BEACH DATE REVISED: 04/10/2013 Cash Handling BACKGROUND AND PURPOSE...1 POLICY STATEMENT...2 WHO SHOULD KNOW THIS POLICY...2 DEFINITIONS...2 STANDARDS AND PROCEDURES...3 1.0 CONDITIONS FOR EMPLOYMENT IN CASH HANDLING ENVIRONMENT...3

More information

NASH ROCKY MOUNT PUBLIC SCHOOLS PURCHASING PROCEDURES

NASH ROCKY MOUNT PUBLIC SCHOOLS PURCHASING PROCEDURES 1 NASH ROCKY MOUNT PUBLIC SCHOOLS PURCHASING PROCEDURES INTRODUCTION The authority to purchase goods and services and to enter into contracts is given to Boards of Education by action of the North Carolina

More information

ADMINISTRATIVE PRACTICE LETTER

ADMINISTRATIVE PRACTICE LETTER UNIVERSITY OF MAINE SYSTEM Issue 5 Page 1 of 2 SUBJECT: PETTY CASH GENERAL Each petty cash fund is in the sole custody of a business manager who is responsible to the Treasurer of the University for its

More information

BOWIE STATE UNIVERSITY ASSET MANAGEMENT POLICY & PROCEDURES MANUAL

BOWIE STATE UNIVERSITY ASSET MANAGEMENT POLICY & PROCEDURES MANUAL Prepare for Life BOWIE STATE UNIVERSITY ASSET MANAGEMENT POLICY & PROCEDURES MANUAL Effective: January 2007 TABLE OF CONTENTS I. Purpose..3 II. III. IV. General Information..4 Property Control....5-11

More information

It all Starts with the Invoice

It all Starts with the Invoice It all Starts with the Invoice Speakers Mel Steals Director of Invoice Automation Solutions PNC Bank Amy Rush Shared Services Controller Courtney Caton Finance Manager Westmoreland Coal Company 1 Agenda

More information

MCSJ Bank Reconciliation

MCSJ Bank Reconciliation MCSJ Bank Reconciliation What is a Bank Reconciliation? A bank reconciliation or bank rec is a report used to check and explain the differences between the cash balance in a company s accounting ledger

More information

Audit of Milwaukee Fire Department Fixed Assets Controls

Audit of Milwaukee Fire Department Fixed Assets Controls Audit of Milwaukee Fire Department Fixed Assets Controls MARTIN MATSON City Comptroller AYCHA SIRVANCI, CPA Audit Manager City of Milwaukee, Wisconsin August 2013 Table of Contents Transmittal Letter...1

More information

Oracle Network Logistics

Oracle Network Logistics Oracle Network Logistics Concepts and Procedures Release 11i November, 2000 Part No. A86681_01 Oracle Network Logistics Concepts and Procedures, Release 11i Part No. A86681_01 Copyright 1996, 2000, Oracle

More information

SUMMARY OF CORRECTIVE ACTION FOR SEGREGATION OF DUTIES AUDIT ISSUES

SUMMARY OF CORRECTIVE ACTION FOR SEGREGATION OF DUTIES AUDIT ISSUES SUMMARY OF CORRECTIVE ACTION FOR SEGREGATION OF DUTIES AUDIT ISSUES CASH MANAGEMENT I. Checks a. All checks are restrictively endorsed, using the endorsement stamp maintained by the building secretary.

More information

G AUTHORITY DIRECTIVES

G AUTHORITY DIRECTIVES Exhibit G AUTHORITY DIRECTIVES Parking and Shuttle Bus Concession Washington Dulles International Airport and Ronald Reagan Washington National Airport Exhibit G-1 PROPERTY ASSETS MANAGEMENT, DIRECTIVE

More information

1. STATEMENT OF POLICY:

1. STATEMENT OF POLICY: LOYOLA MARYMOUNT UNIVERSITY POLICIES AND PROCEDURES MANUAL DEPARTMENT: CONTROLLER S OFFICE SUBJECT: UNIVERSITY PURCHASING CARD (P-CARD) POLICY Page 1 of 6 Policy Number: B&F Supersedes: April 2005 Effective

More information

FINANCIAL CONTROLS POLICIES AND PROCEDURES FOR SMALL NONPROFIT ORGANIZATIONS

FINANCIAL CONTROLS POLICIES AND PROCEDURES FOR SMALL NONPROFIT ORGANIZATIONS By Cindy Cumfer NOTE: These policies and procedures are designed for small nonprofits that do not have an administrator with financial expertise. They are set up to divide the fiscal control roles between

More information

EMAS EXECUTIVE MANAGEMENT ACCOUNTING SYSTEM Financial and Distribution application solutions PRODUCT OVERVIEW

EMAS EXECUTIVE MANAGEMENT ACCOUNTING SYSTEM Financial and Distribution application solutions PRODUCT OVERVIEW EXECUTIVE MANAGEMENT ACCOUNTING SYSTEM Financial and Distribution application solutions INDEX GENERAL INFORMATION Common Features Page 3 Technical Information Page 3 Product Objectives.. Page 3 MODULE

More information

Accounts Payable Manual

Accounts Payable Manual RAYMONDVILLE ISD Accounts Payable Manual TABLE OF CONTENTS Requisitions.....3 Purchase Orders. 5 Open Purchase Orders...7 Emergency Purchases.8 Accounts Payable 8 Check Distribution 10 Double Orders...10

More information

HOCHHEIM PRAIRIE INSURANCE COMPANIES

HOCHHEIM PRAIRIE INSURANCE COMPANIES Page 1 01/1/2013 DEPARTMENT: Accounting CLASSIFICATION: Exempt JOB DESCRIPTION SUMMARY: Accomplishes the plans, goals and objectives established for the position; prepares and reconciles all financial

More information

Procure-to-Pay Best Practices

Procure-to-Pay Best Practices ITFMA Conference Procure-to-Pay Best Practices Integrating P2P Best Practices with Technology Chris Evanoff: Principal, Soltec, Inc. 1 Presentation Outline Introduction and Background Procure-to-Pay Cycle

More information

PURCHASE CARD POLICIES AND PROCEDURES MANUAL

PURCHASE CARD POLICIES AND PROCEDURES MANUAL PURCHASE CARD POLICIES AND PROCEDURES MANUAL Effective July 1, 2010 Alma College Purchase Card Policies and Procedures Manual 1.0 INTRODUCTION Alma College has established a Purchase Card (PCARD) Program

More information

Abila MIP Fund Accounting

Abila MIP Fund Accounting Abila MIP Fund Accounting Module Overview Award-winning Abila MIP Fund Accounting (formerly Sage 100 Fund Accounting) is the financial management solution preferred by nonprofit and government organizations

More information

Enterprise Resource Planning (ERP) II Pre-System Implementation Interim Audit Report. Accounts Payable Module. December 5, 2014. Mayor.

Enterprise Resource Planning (ERP) II Pre-System Implementation Interim Audit Report. Accounts Payable Module. December 5, 2014. Mayor. Enterprise Resource Planning (ERP) II Pre-System Implementation Interim Audit Report Accounts Payable Module Mayor December 5, 2014 Betsy Price Council Members Sal Espino, District 2 W. B. Zimmerman, District

More information

WVU FOUNDATION & UNIVERSITY PURCHASING CARD PROGRAM POLICIES & PROCEDURES. Updated October 2012

WVU FOUNDATION & UNIVERSITY PURCHASING CARD PROGRAM POLICIES & PROCEDURES. Updated October 2012 WVU FOUNDATION & UNIVERSITY PURCHASING CARD PROGRAM POLICIES & PROCEDURES Updated October 2012 Introduction This document contains the guidelines applicable to the WVU Foundation, Inc. Purchasing Card

More information

Utilizing Technology in School Business

Utilizing Technology in School Business Utilizing Technology in School Business LINE OF SUBTEXT & ADDITIONAL LINE Management September 2015 Favorites Favorite Save Report Criteria Save Report Criteria Exporting Reports Exporting Reports Using

More information

Case Study Top-Down, Risk-Based Approach Purchase to Pay Process

Case Study Top-Down, Risk-Based Approach Purchase to Pay Process Top-Down, Risk-Based Approach Purchase to Pay Process Overview This case study describes the flow of a Top-Down Risk, Based Approach for an example Purchase to Pay process. This case study is not all-inclusive

More information