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Keys to SGL & FMS

DESCRIPTION:

This class provides information on Standard General Ledger (SGL) and a FMS budget procedure. General Ledger formulas and annual closeout processes are explained. FMS transactions affecting the General Ledger and how to navigate through FMS General Ledger tables are also reviewed. The course also covers how to prepare General Ledger reconciliations and parts of the Standard 224 process.

This class is recommended for Fiscal Staff with at least two years experience.

OBJECTIVE:  

Standard General Ledger and its Relation to FMS:  The objective of this section is to provide a detailed review of the Standard General Ledger.

After completion, the student will be able to:

Identify the VA chart of accounts and general ledger formulas
Describe the annual close process
Explain FMS transactions affecting the general ledger
Navigate through FMS general ledger tables
Prepare general ledger reconciliations

FMS Budget Execution:  The objective of this section is to provide an in-depth look into FMS Budget processes.

After completion, the student will be able to:

Describe the FMS Budget Execution Subsystem
Explain basic budgetary concepts and terminology
Identify the basic budget structure
Process budget execution documents and FMS table updates
Prepare on-line table inquiries

SF-224 Reporting:   The objective of this section is to provide an in-depth look into the SF-224, Statement of Transaction Report.

After completion, the student will be able to:

Identify the major components of the SF-224
Describe the SF-215 deposit and reconciliation requirements
Identify Standard General Ledger cash account
Prepare On-line Payment And Collection System (OPAC) forms
Prepare Journal vouchers

CLASS SCHEDULE:

Two days, 8:30 AM - 4:00 PM

LEARNING MANAGEMENT SYSTEM (LMS) CLASS NUMBER:

To receive credit for this class in the LMS system, have your local LMS administrator record your completion to Item Number #926916.

Register  

COURSE OVERVIEW

Introduction
FMS Research Techniques
Accounts Receivables, Negative PV03s, Treasury Offset Program
Payroll Transactions/Expenditures
TDY Travel
Financial Indicators
F911 Report vs MACRO
Annual Close Memo – DRAFT
Annual Close and Trial Balance
Journal Vouchers
 

TRAINING MATERIALS

Course Material
Exercise 

REFERENCES:
FAS Annual Close Memo
GLA Account
Table Contents
TAB U

LINKS:

FMS GL and Proforma 
FRS               
RSD reports
Reports Archive 
LMS 

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