The Basics of Financial Reporting
Objectivesچ
PeopleSoft Terms
PeopleSoft Terms- KK
Commitment Control Ledgers
UVM Budgeting – KK
UVM Budgeting – Cont.
Dept. Budget Building Lifecycle
Financial Terms – GL
Budget Accounts vs. Actual Accounts
Budget and Actual Accounts
Reporting Terms
Budget vs. Actuals
Monthly Operating Report
Monthly Operating Report – Tree
Commitment Control Reports/Inquiries
General Ledger Inquiry
Wrap-Up
Helpful Webpages
Helpful Webpages cont’d.

Commitment Control Reports/Inquiries

Information posts to KK as soon as the transaction achieves valid budget check – most transactions have to achieve valid budget check before being submitted for posting to the general ledger
Exception to the rule: Payroll transactions are posted to the GL and budget checked separately, which is the one exception for timing of data showing in KK.
Because budgets are based on the budget period, Budgetary Reports and Inquiries will show data from the selected budget period rather than an accounting period. The Monthly Operating/Project report is a hybrid of budgetary and actuals data which allows it to be run for an accounting period.