Common Financial System
In order to face the tougher budgetary and economic climate the CMS steering committee at the Chancellors Office has launched CFS, Common Financial System.
The CFS database consolidation project will combine all 23 CSU campuses Financial systems into a single CSU system wide Financial system and is designed to be a cost effective, efficient Enterprise Resource Planning (ERP) system that will reduce overall operation costs, hardware as well as software. CFS will also reduce upgrade and maintenance costs over the lifecycle of the Oracle PeopleSoft product.
CSU Fullerton, along with two other campuses have been chosen to be pilots of this ground breaking endeavor. From November of 2009 to June of 2010 CSU Fullerton will participate in the design, development and migration to CFS with go live scheduled for July, 2010.
The CFS Financial System was implemented on July 1, 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 account 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 and Approval (http://www.fullerton.edu/cms/cfs/modules.html)
Purchasing - Tracks requisition and purchase order information.
See Requisition Data Entry and Approval (http://www.fullerton.edu/cms/cfs/modules.html)
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.
For questions or concerns please contact email@example.com .