Trainings for Accounting Services
Access training information and resources to successfully conduct accounting procedures at Central Michigan University.
Jump to training information for:
Cost Center Reconciliation
Overview
This is used as a guide for departments to reconcile their cost centers monthly. Guidelines for reconciling your departmental accounts are provided with an overview of the items that are needed when reconciling your accounts. The goal is to increase your comfort level in understanding the reconciliation process.
The process of reconciling cost center accounts in SAP is a key financial control of the university. It provides the verification check of financial transactions and needs to be completed by the individuals who are most familiar with the activity in the account. This ensures that the department (and university) financial resources are accurate in both amount and responsible party.
Training materials and scheduling
Contact Accounting Services at 989-774-3707 or acctsvcs@cmich.edu to schedule your training session.
COST CENTER RECONCILIATION MANUAL (PDF)
Grants and Grants Management
Overview
This session provides information relating to the easy management of your grants. Topics presented include SAP reporting, which includes a report that can be used to reconcile your grant as of a specific period and fiscal year. Also presented are methods for reconciling your grant and the beneficial services provided by Grant Accounting.
Training materials and scheduling
Contact Accounting Services at 989-774-3707 or acctsvcs@cmich.edu to schedule your training session.
COST CENTERS FOR GRANTS MANUAL (PDF)
GRANTS MANAGEMENT (GM) MANUAL (PDF)
Internal Orders
Overview
Internal order training provides users with the knowledge of how to achieve more detailed reporting within SAP. This detailed reporting is accomplished by using internal orders in conjunction with cost centers and general ledger accounts. For example, all the expenses associated with a department project or faculty member can be assigned an Internal Order number. A report can then be executed for that Internal Order displaying all the expenses, posted to multiple cost centers, for that project or faculty member. This alternative way of tracking expenses helps to eliminate the need for maintaining manual spreadsheets, as well as the capability of the individual to assign an internal order number to a document already posted within SAP.
Training materials and scheduling
Contact Accounting Services at 989-774-3707 or acctsvcs@cmich.edu to schedule your training session.
Journal Entries
Overview
Journal entries (JEs) are used to record revenue, expense and transfer activity into the proper cost center/WBS element and general ledger (G/L) account. Journal entries should be prepared by departmental staff and approved by the person responsible for the cost center/WBS element or their designee. The journal entry, along with supporting document(s), should be parked in SAP for Accounting Services review and processing.
Training materials and scheduling
Contact Accounting Services at 989-774-3707 or acctsvcs@cmich.edu to schedule your parked document training session.