Chapter 4
description
Transcript of Chapter 4
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Chapter 4
PeopleSoft 8.4 GL
GAP Ledger Closing
KPMG LLP
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Agenda
GAAP Configuration & Setup
GAAP Closing
GAAP Derivation
GAAP Reports
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Configuration & Setup
Update TableSet Control
Define CF Value Sets – Closing
Define Closing Rules
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Update xxGAP TableSet Control
PeopleTools > Utilities> Administration > TableSet Control > Record Group
For nVision change “Default” to GAP
SetId
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Update xxGAP TableSet Control
Summary of updates to xxGAP
FS_04 Detail & Summary Ledgers XxGAP
FS_05 Accounts CSGAP
FS_11 Sources XxGAP
FS_15 Journal Templates XxGAP
FS_20 Funds CSGAP
FS_28 Programs CSGAP
GL_02 Closing Definition XxGAP
GL_11 CF Value Sets – Closing XxGAP
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Define CF Value Sets - Closing
Set Up Financials/Supply Chain > Common Definitions > Design Chartfields > Chartfield Value Sets > Set Up Chartfield Value Sets
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Define GAAP Closing Rules
General Ledger > Close Ledgers > Closing Rules
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Define GAAP Closing Rules
Year End Closing Options hyperlink
Note: Store P/L Reversal Entries must be on. GAAP Extract picks up 999 entries otherwise submission will be out of balance.
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Define GAAP Closing Rules
Close to Multiple Retained Earnings
Slide 6
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Define GAAP Closing Rules
Journal Options
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Define GAAP Closing Rules
Roll Forward Options
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GAAP Closing
GAAP specific Closing Rules
Run Year-End Close for xxGAP
Establishes GAAP Period 0 in next Fiscal Year
Run delivered GAAP Reports and compare to prior year reporting package
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GAAP Derivation
GAAP Monthly Derivation – Actuals
Journal Generate GAAP Journals
GAAP Adjustments Accounting Period 998
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GAAP Reports
CSU CDIP > GAAP REPORTS Statement of Expenses Expenses – Lead Sheet Summary Statement of Net Assets Net Asset Lead Sheet – Summary Net Asset Lead Sheet – Detail Net Asset Lead Sheet – GAAP Adj
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GAAP Reports
Statement of Expenses (CSUFS166.sqr)
Stmt of Exp - Draft
Stmt of Exp
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GAAP Reports
Expenses – Lead Sheet (CSUFS167.sqr)
Exp Lead Sheet
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GAAP Reports
Statement of Net Assets (CSUFS168.sqr)
Stmt of Assets - Draft
Stmt of Assets
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GAAP Reports
Net Assets – Lead Sheet Summary (CSUFS169.sqr)
Net Assets Lead Sheet Summary
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GAAP Reports
Net Assets – Lead Sheet Detail (CSUFS170.sqr)
Net Assets Lead Sheet Detail
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GAAP Reports
Net Assets – Lead Sheet GAAP Adj (CSUFS171.sqr)
Net Assets GAAP Adj
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References
CDIP Configuration Guidehttp://cms.calstate.edu/T2_MFIS84Documentation.asp
CDIP Month & Year End Procedureshttp://cms.calstate.edu/T2fn84bp.asp
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References – Handout
CDIP GAAP Reporting – Hightlights
Microsoft Word Document
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GAAP Reporting Manual
PY GAAP Financial Statements
PY GAAP Adjustments
Unexpende
d
Appropria
ti
on Balance
Prior Year’s Encumbrances
Library Collections
Prepaids &
Inventories
Faculty Payroll
Accruals
Compensate
d Absences
Deferred Revenues
Capital Lease Obligations
CWIP
Revenue
Bonds
Self-
Insurance
Claims
Other GAAP
Adjustments
Energy LeasesAny Questions