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Systemwide GAAP Timeline
Su Chen, Analyst, Financial Services / SFSR
Chancellor’s Office
April 24, 2015
Learning Objectives
• Know the new reporting deliverables and deadlines and changes from previous year.• Deliver by key due dates for the following reporting
groups:• Systemwide Budget Office• CSU Consolidated• Systemwide Revenue Bonds (SRB stand-alone)• NCAA AUP Reporting
• Able to locate the master timeline for GAAP reporting
April 2015 Year-End GAAP Training 2
New Deliverables and Due Dates• Legal to GAAP Ledger Reconciliation Process (by CSU
Fund) (Ref No. G-166)• 04/30/2015 – To complete the reconciliation for all CSU funds in State
Fund 0948.
• Legal to GAAP Data Derivation (Ref No. G-162)• 07/20/2015 – GAAP data must be derived by the third business day
after legal close.
• Preliminary GAAP FIRMS submission (Ref No. G-161)
• 08/26/2015 – To test the quality of FIRMS GAAP Data and to reconcile FIRMS data to TM1 input.
April 2015 Year-End GAAP Training 3
Key Dates: Systemwide Budget Office
April 2015 Year-End GAAP Training 4
• 07/15/2015 to 07/31/2015 –FIRMS Activity Period 07 adjustments (Ref No. B-002)
• 07/27/2015 to 08/14/2015 – FIRMS Final Budget Submittal (Ref No. B-001)
July 2015 SUN MON TUE WED THUR FRI SAT
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
B-002
19 20 21 22 23 24 25
26 27 28 29 30 31 1
B-001
Key Dates: CSU ConsolidatedAugust 2015
SUN MON TUE WED THUR FRI SAT
26 27 28 29 30 31 1
2 3 4 5 6 7 8
G-051
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
G-066 G-069
30 31
April 2015 Year-End GAAP Training 5
• 8/6/2015 – Start of weekly GAAP calls (Ref No. G-051)
• 8/24/2015 – Submit reporting package version 1 (Ref No. G-066)
• 8/25/2015 – 1st day of audit fieldwork (8 campuses) and final PBCs are due
(Ref No. G-069)
Key Dates: CSU Consolidated (continued)
April 2015 Year-End GAAP Training 6
• 9/8/2015 – Submit reporting package version 2 (Ref No. G-081)
• 9/10/2015 – Submit GAAP Data Integrity Form (Ref No. G-158)
• 9/18/2015 – Submit audited financial statements and GAAP financial reporting checklists of component units into PBC SharePoint (PBC #18)
(Ref No. G-097)
• 9/23/2015 – Submit FINAL reporting package (Ref No. G-100)
September 2015 SUN MON TUE WED THUR FRI SAT
30 31 1 2 3 4 5
6 7 8 9 10 11 12
G-081 G-158
13 14 15 16 17 18 19
G-097
20 21 22 23 24 25 26
G-100
27 28 29 30 1 2 3
Key Dates: CSU Consolidated (continued)
April 2015 Year-End GAAP Training 7
• 10/9/2015 – Notify SFSR for any major subsequent events (Ref No. G-133)
• 10/15/2015 – CSU to issue audited F/S (Ref No. G-137)
October 2015
SUN MON TUE WED THUR FRI SAT
27 28 29 30 1 2 3
4 5 6 7 8 9 10
G-133
11 12 13 14 15 16 17
G-137
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Key Dates: SRB Reporting
August 2015
SUN MON TUE WED THUR FRI SAT
26 27 28 29 30 31 1
2 3 4 5 6 7 8 9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
G-150G-080
30 31
April 2015 Year-End GAAP Training 8
• 8/25/2015- Submit unaudited SRB required format lead sheets via SharePoint (Ref No. G-150)
- Campus to complete TM1Q&A legal fluctuation analysis (Ref No. G-080)
Key Date: NCAA AUP Reporting
April 2015 Year-End GAAP Training 9
January 2016 SUN MON TUE WED THUR FRI SAT
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
G-157
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1
• 01/15/2016 – Submit copy of Agreed-Upon-Procedures issued in compliance with NCAA Rules and Regulations,
if applicable (Ref No. G-157)
Master Timeline Location• Available in the SFSR website http://
www.calstate.edu/SFSR/Workshops/index.shtml (GAAP drop down menu)
April 2015 Year-End GAAP Training 10
Quiz
Q1. What is the due day of final reporting package?
April 2015 Year-End GAAP Training 12
Q2. What is the date that the CSU will issue audited consolidated financial statements?
April 2015 Year-End GAAP Training 13
