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On Wednesday, Oct. 24, Erica Kranitz, director of compliance training for the University of Missouri System, will present three training sessions that provide opportunities to learn more about university accounting concepts and practices. Accounting services invites individuals from the campus community to attend one or more of these sessions:
Fund Accounting: 9:30-10:30 a.m.
Fund accounting is the framework that the university must follow in maintaining its financial records and in reporting financial information. This session will include a discussion of the restrictions on various types of funds used within the university, such as operating, gift, endowment and grant funds, and the importance of properly accounting for activity within these funds in day-to-day business.
Accounting 101: 10:30-11:30 a.m.
This session will focus on basic accounting concepts and terminology. Participants will learn more about balance sheets, income statements, assets, liabilities, revenues and expenses, and debits and credits. The session is geared to those new to campus, who have a fiscal role or who would like to understand more about accounting basics.
Accounting 102: 1:30-3:30 p.m.
This session will further advance accounting concepts by focusing on accounting transactions and the fiscal year processing cycle. Individuals who would like to understand more about the mechanics behind the activity in their departmental chartfield strings or anyone who would like to understand more about university accounting practices will benefit from this session.
All sessions will be held in the Ozark Room of the Havener Center.
To sign up for any or all of these sessions, contact Lisa Alderson at 341-4189 to ensure adequate materials and seating are available.