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Asset Management Training Series

Join us for the Asset Management Training Series, designed specifically for GeorgiaFIRST users, featuring four parts. Part 1 covers essential topics including reconciliation issues, auditor expectations, and the integration of asset management with fiscal affairs. Become familiar with common errors, accounting processes, and upcoming sessions. Engage with our analysts and enhance your understanding through a Q&A segment. Our online courses are available for self-paced learning, providing further insights into asset management practices. Don't miss this opportunity to improve your skills!

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Asset Management Training Series

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  1. Asset Management Training Series (Part 1 of 4) GeorgiaFIRST, DOAA Auditors, and Fiscal Affairs

  2. Agenda • Wimba Ground Rules • Information from GeorgiaFIRST AM Analysts: • Commonly encountered FYE recon issues • DOAA Auditors • Auditor expectations • Vikki Williamson, Fiscal Affairs • USO requirements • Preview of upcoming Asset Management sessions • Q & A

  3. Wimba Ground Rules • Submit questions via chat function to “Main Room” • We may hold some questions to the end of the session

  4. Common Reconciliation Issues • Monthly Asset Processing • Missing or incorrect PDP: Using correct dates • Missing DEPR: Month end entries not generated • Conversion Issues • Depr Close not run for initial conversion month • Prior Year recon findings • Keeping AM module in sync with CAPITAL • To fix or not to fix?

  5. Expectations from Auditors • Reconciliation and Outages • How to record reconciliation items • How to handle ongoing outages • Documentation • Other required documentation • Other helpful information for AM users

  6. Expectations from USO • AM requirements from USO • Correction of current fiscal year data • Concerns regarding approach to correcting prior fiscal year data

  7. Asset Management Training Series • Beginner Reconciliation (Part 2 of 4) – April • Intermediate/Advanced Reconciliation (Part 3 of 4) – May • User-led Session on Successes and Challenges (Part 4 of 4) - June

  8. Asset Management Online Courses • Self-paced, online Asset Management courses available: • Introduction to Asset Management • Creating Assets Manually • Integrating Asset Management with Purchasing and Accounts Payable • Working with Existing Assets • Register on the GeorgiaFIRST website at: http://www.usg.edu/gafirst-fin/training/online or e-mail allie.cox@usg.edu

  9. Q & A

  10. Wrap Up • Archive • Follow-Up Survey • Thank you for participating!

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