University Accounting & Financial Reporting offers a variety of courses through December 2026.
Biennial Inventory
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. This course covers inventory policies and procedures and problem-solving.
Property Accounting: FABweb Additions & Updates
FABweb is a critical tool in the management of a unit's equipment inventory records in Banner. In this instructor-led course, you will learn the correct procedures for using FABweb to process new equipment acquisitions and update records for existing equipment. This course explains how FABweb interacts with Banner and demonstrates how to find equipment information in both FABweb and Banner. In addition, this course discusses FABweb security, the parent/child relationship of equipment, and how to request non-cash additions to inventory. We also encourage you to review the FABweb Additions and Updates Participant Guide.
Property Accounting: FABweb Disposals
Proper disposal of university equipment is an important process in the equipment management lifecycle. In this instructor-led course, you will gain a crucial understanding 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.
Contact
If you have questions about this UAFR training information, please contact Susan Tiger at stiger@uillinois.edu
