blog posts Biennial Inventory Cycles and UAFR-Equipment Management Training via Zoom Jul 28, 2022 1:15 pmFinanceGrants & Sponsored ProjectsPaymentsProcurement The 2023 Biennial Inventory Cycles will open on the dates below. Once your university’s inventory cycle starts you can upload your inventory and begin the physical inventory process. University Cycle Start Date Certification Due Date* Cycle Close Date UIC July 1, 2022 March 31, 2023 June 30, 2023 UIS September 1, 2022 May 31, 2023 August 31, 2023 UIUC December 1, 2022 August 31, 2023 November 30, 2023 SO December 1, 2022 August 31, 2023 November 30, 2023 University Property Accounting provides instructor-led training via Zoom to keep you updated on the applications and policies to manage university equipment. The (Equipment Management) site has more resources to help you manage your department’s equipment records. To view dates and times and register for the courses listed below, please go to the (OBFS Course Registration) page, select your university and click the course name. Physical Inventory of Equipment In this course, you will learn the process of conducting physical inventory and the steps in verifying the biennial inventory. You will watch how to access the Biennial Inventory system and load the inventory list. This course covers inventory policies and procedures and problem-solving. In addition, you will see how the Biennial Inventory mobile app can be used to help conduct your physical inventory. August 17 October 13 December 8 February 8 April 13 June 14 FABweb Additions and Updates FABweb is a critical tool in the management of a unit's fixed assets (equipment). Learn all the different ways FABweb is used to properly maintain equipment records: complete new equipment records, record changes to equipment location, usage and add non-cash additions. This course also shows how FABweb interacts with Banner and how to find fixed assets information in Banner. In addition, this course discusses FABweb security as well as parent and children assets. September 15 October 27 December 1 FABweb Transfers and Disposals This course provides an overview of FABweb procedures you will use to perform fixed asset interdepartmental transfers and disposals. In this course, you will learn how to transfer an equipment record to another department using FABweb. You will also learn about the disposal process and how to dispose of equipment that no longer works or is no longer needed in your department as well as the process to document the disposal of equipment that has been damaged beyond repair, lost, stolen or unable to be located. September 20 November 1 December 6 If you have questions about this UAFR training information, please contact Jason Bane at firstname.lastname@example.org or (217) 333-9243.