Aurora Finance 100 Introduction to Aurora Finance. Objectives. At the end of this training session, you will be able to: Identify the elements of the new financial information system, including Banner, FAST, and the Chart of Accounts Use basic security rules Use budget checking rules
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Aurora Finance 100Introduction to Aurora Finance
At the end of this training session, you will be able to:
Introto Auroraand FAST
JE’s IDC’s BA’s
The Aurora Finance project replaced the University’s previous mainframe accounting system (IMS) with a new financial information management system.
FFundRequired 6 digits
OOrganizationRequired 6 digits
AAccountRequired 6 digits
PProgramRequired 4 digits
Fund= SOURCE of income (Operating, Research, Grants, Endowment, etc.)
Organization= WHO spent the money (Faculty, Admin Unit, Dept., etc.)
Account =WHAT the money was spent on (expenditures: supplies, travel, etc.) **also for reporting income**
Program =PURPOSE of the expense or revenue (Academic, Administration, Research, Revenue, etc.)
110000 – 312000 – 700101 – 1100
General Dean’s Office DomesticInstruction
Operating Agriculture Airfare
Coding of Transactions
The main Account types that you will generally use are:
NameData Entry Prefix
Salaries & Benefits 6
Non Salary Expenses7
= 5 digits
If a person in the Dean’s Office Agriculture needs view and posting access, they will get:
If the same person also needs the same access to a Grant in Food Science Agriculture, the following would be added:
However, what they will end up with is the following:
Because this person originally had view access to Fund 110000 (Operating), when they received access to Fund 302550 for the Research Fund, they also received access to the Operating Fund for Food Science (Org 312500).
Total Wages are overspent - A Budget Adjustment should be done to cover this. Although Account Type 7M is overspent, the transaction was allowed to continue as the total FOP is under spent.
Demonstration of FAST