With the end of the fiscal year quickly approaching, it is important to take advantage of upcoming training opportunities to gain valuable knowledge on the University of Illinois System's fiscal year-end activities.
FY21 Closing/FY22 Opening Procedures Webinar
The FY21 Closing/FY22 Opening Procedures webinar reviews the vast amount of information provided within the University of Illinois System's FY21 Closing/FY22 Opening Procedures document. The webinar will include representatives from University Payables, University Payroll & Benefits, Purchasing, and University Accounting & Financial Reporting (UAFR). Topics covered within this webinar will include topics such as:
- Identifying important year-end deadlines;
- Explanation of specific year-end processes and terminology; and
- Tips to ensure proper accounting and how to avoid common errors during the year-end close process.
Individuals with financial and payroll responsibilities are strongly encouraged to attend!
To register, please go to the Webinar and Video-based Trainings webpage and click on “Year End Closing/Opening Procedures”. The dates & times of these upcoming webinars are as follows:
- May 18 (1:15 - 2:45 p.m.)
- June 3 (10 - 11:30 a.m.)
Year-End Fact Sheet Webinar
The Year-End Fact Sheet webinar provides an overview of the year-end requirements for self-supporting and certain service plan funds. It will review the Fact Sheet application and the Fact Sheet Excel Attachment which are both used to report year-end adjustments, accruals, and deferrals for areas such as:
- Accounts Receivable
- Inventory for Resale
- Publication Inventory
- Prepaid Expenses
- Accounts Payable
- Unearned Revenue
This webinar is strongly encouraged for all financial managers who are responsible for managing self-supporting and certain service plan funds, as well as anyone who submits Fact Sheets for their department.
To register, please go to the Webinar and Video-based Trainings page and click on “Year-End Fact Sheet”. The dates & times of these upcoming webinars are as follows:
- June 10 (10:00 a.m. - 12:00 p.m.)
- July 7 (1:15 p.m. - 3:15 p.m.)
Year-End Fact Sheet Open Labs via Zoom
Do you need help completing the Year-End Fact Sheet for your self-supporting funds? Do you have questions about what to report? Bring your questions or issues regarding the Year-End Fact Sheet to this virtual open lab and receive assistance from the applicable subject matter experts within UAFR.
To register, please go to Course Registration, select your university, and click the “Year-End Fact Sheet Open Lab” under the “Accounting” section.
- July 8 (10:30 a.m. - 12 p.m.)
- July 13 (10:30 a.m. - 12 p.m.)
Resources
Contact
For questions, please contact Jason Bane at (217) 206-7848 or jabane@uillinois.edu.
