University Accounting & Financial Reporting offers a variety of courses every month. The courses below are offered through December 2024, with some sessions already scheduled into 2025.
Biennial Inventory: Physical Inventory of Equipment
The University of Illinois System and state regulations require each unit to complete and certify a physical inventory of their movable equipment every two years. These movable equipment items are a vital asset of the University of Illinois System. The biennial inventory process verifies the accuracy of each item’s record and assures that the item is physically present.
In this course, you will learn the process of conducting physical inventory and the steps in verifying the biennial inventory. You will also learn about inventory policies and procedures and problem-solving.
Completion of the Biennial Inventory Unit Contact Certificate Course is required before requesting access to become the Biennial Inventory Unit Contact for your unit.
Take the Course
- October 9
- December 10
- February 4
Property Accounting: FABweb New Acquisitions Open Labs
The purpose of this open lab is to discuss your questions related to processing FABweb new acquisitions and updates. This session is not a formal instructor-led course but rather an open discussion based on your questions and the clarifications provided during the session. Each open lab session will start with a brief overview of related online resources, including training materials, web pages, and policies. Please note: This lab will not cover FABweb Surplus/Disposals, Interdepartmental Transfers, or Biennial Inventory. Please submit FABweb new acquisitions questions ahead of the session by using this online form. Topics for your questions can include:
- Processing a New Acquisition in FABweb
- Processing adjustments needed to the counts or values of an Otag record in FABweb
- Equipment Trade-In policy best practices and implementation process
- Processing equipment purchases returned for credit (credit OTAGS in FABweb)
- The expected purchase is not showing up in FABweb.
- Explanation of Maintenance/Repair and Upgrade Purchases to existing inventory equipment.
- Handling and processing gifts of equipment received by a unit.
- How to account for Fabricated Equipment in your unit.
- Who to contact in Property Accounting for questions.
Take the Course
- October 14
- November 14
- December 4
Property Accounting: FABweb Disposals
Proper disposal of university equipment is an important process in the equipment management lifecycle. In this instructor-led Zoom course, you will gain a crucial understanding of how to accurately analyze and organize disposal requests on behalf of your unit. You will practice evaluating real-life scenarios to develop problem-solving skills.
Take the Course
- November 13
- January 9
- April 10
FCIAA: Annual Internal Control Evaluation
FCIAA is a State-mandated program to aid Illinois State agencies in conducting reviews of their fiscal and administrative systems of internal control. The FCIAA Certification provides a mechanism for the University of Illinois System to report its internal control compliance. Annually, unit heads and financial officers are required to submit FCIAA Certification for each of their respective departments.
Join University Accounting and Financial Reporting and the Office of University Audits to learn about the various roles in the FCIAA process, how to critically review internal controls, and identify internal control weaknesses. You’ll be able to describe FCIAA, find additional training resources, and think more critically and objectively about your own processes and controls.
Visit Fiscal Control and Internal Auditing Act (FCIAA) for an application link, critical dates, and training materials.
This course qualifies for Continuing Professional Education (CPE) credits for Certified Public Accountants. Return here to the course homepage after course completion to print and/or email a certificate with your CPEs.
All certificates will be available within 24 hours of course completion, depending on course type.
Take the Course
