The CMS Finance System Release 8.4 was implemented on July 1, 2007. The system was upgraded to Release 9.0 on March 10, 2009. The CFS (Consolidated Finance System) implementation project is currently underway with a scheduled implementation date of July 2010. Read about the FY 09-10 year-end close process and timeline details in a memo from Brian Jenkins, Associate Vice President of Finance.
The Finance System incorporates a series of complex accounting modules which facilitates the tracking of governmental funds under the supervision of the State Controller's Office and the Chancellor's Office in accordance with GAAP and GASB principles.
A high level description of each accounting module in the Finance System is provided below.
General Ledger / Budget - Tracks actual revenue and expenditure on multiple ledgers by fund, account, and department.
Additionally, the modules provide reporting to the Chancellor's Office, State Controller's Office, and internal/external auditors.
See Budget Transfer Data Entry, Approval & Inquiry
Purchasing - Tracks requisition and purchase order information.
See Requisition Data Entry, Approval and Inquiry
See Commitment Data Entry
Accounts Payable - Tracks vendor and voucher activity.
Asset Management - Tracks fixed asset inventory.
Receivables - Accounts for non-student payment transactions.
Billing - Calculates and submits invoices and manages bill cycle processes.
Distributed Reports provide internal managerial reporting to designated campus end users on a monthly basis.
See Distributed Reports
See Report Matrix and Samples
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