2011 GAAP Manual
Table of Contents
Topic
CHAPTER 1 – OVERVIEW
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I. History
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II. Converting from Legal Basis Accounting to GAAP
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III. Business-Type Activities Model
CHAPTER 2 – BEFORE YOU BEGIN
CHAPTER 3 – ACCOUNT MAPPING - LEGAL BASIS TO GAAP REPORTING
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Overview and Major Changes
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Conversion Matrices
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Matrix 1: CSU Funds Net Asset Classification Table
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Matrix 2.1: Mapping Legal Basis Accounts to GAAP Line Items: Statement of Net
Assets
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Matrix 2.2: Statement of Net Assets by CSU Fund
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Matrix 3.1: Mapping Legal Basis Accounts to GAAP Line Items: Statement of
Revenues, Expenses, and Changes in Net Assets
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Matrix 3.2: Statement of Revenues, Expenses, and Changes
in Net Assets by CSU Fund
CHAPTER 4 – GAAP ADJUSTMENTS AND RECLASSIFICATIONS
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Overview and Major Changes
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SECTION 4-1 -- Beginning Trial Balance
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SECTION 4-2 -- Capital Assets Depreciation and Amortization
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SECTION 4-3 -- Accounts Payable: Obligations
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SECTION 4-4 -- State/CSU Receivables and State Appropriations
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SECTION 4-5 -- Fund Balance Clearing Accounts
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SECTION 4-6 -- Prepaid Expenses and Inventories
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SECTION 4-7 -- Payroll Accruals
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SECTION 4-8 -- Compensated Absences
2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms
affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 15996ORA
2011 GAAP Manual
Table of Contents
Topic
CHAPTER 4 – GAAP ADJUSTMENTS AND RECLASSIFICATIONS (cont.)
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SECTION 4-9 -- Deferred Revenues
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SECTION 4-10 -- Capitalized Leases
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SECTION 4-11 -- Tuition Discounting
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SECTION 4-12 -- Pollution Remediation Obligations
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SECTION 4-13 -- Other Accounting Issues
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SECTION 4-14 -- Revenue Management Program
CHAPTER 5 – ALLOCATIONS FROM THE CHANCELLOR'S OFFICE
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Overview and Major Changes
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SECTION 5-1 -- Construction Work in Progress (Non-Delegated)
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SECTION 5-2 -- Completed Construction Projects (Non-Delegated)
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SECTION 5-3 -- Bond Anticipation Notes and Revenue Bonds
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SECTION 5-4 -- Energy Leases
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SECTION 5-5 -- Self-Insurance Claims Liability
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SECTION 5-6 -- Other Postemployment Benefits Obligation
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SECTION 5-7 -- Capitalized Interest
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SECTION 5-8 -- Pass Down Entries and Schedules from the Chancellor’s Office
CHAPTER 6 – STATEMENT OF CASH FLOWS
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Overview
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A Step By Step Guide to Preparing a Direct Statement of Cash Flows
Resources Available
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Sample Cash Flows Worksheets
CHAPTER 7 – MANAGEMENT’S DISCUSSION AND ANALYSIS
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Overview and Major Changes
2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms
affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 15996ORA
2011 GAAP Manual
Table of Contents
Topic
CHAPTER 7 – MANAGEMENT’S DISCUSSION AND ANALYSIS (cont.)
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Guide to Preparation of Management’s Discussion and Analysis
CHAPTER 8 – AUXILIARY ORGANIZATIONS
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Overview and Major Changes
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Coded Memorandum
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Attachments
CHAPTER 9 – PREPARING FOR THE FINANCIAL AUDIT
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Overview and Major Changes
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Exhibits and Campus Examples
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Reporting Package Template
CHAPTER 10 – GAAP PREPARATION CHECKLIST
CHAPTER 11 – GAAP FINANCIAL REPORTING CHECKLIST
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Overview and Major Changes
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GAAP Financial Reporting Checklist
CHAPTER 12 – PREPARATION OF YOUR CAMPUS STAND-ALONE FINANCIAL
STATEMENTS
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Overview and Major Changes
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SECTION 12-1 -- Investment Risks (Credit and Concentration Risks)
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SECTION 12-2 -- Other Postemployment Benefits Obligation (Health & Dental)
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SECTION 12-3 -- Self-Insurance Liability
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SECTION 12-4 -- Derivatives and Future Purchase Commitments (Natural Gas and Electricity)
CHAPTER 13 – CAPITAL ASSETS GUIDE
CHAPTER 14 – UPDATES AND OTHER INFORMATION
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Overview and Major Changes
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I. New Accounting Pronouncements
2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms
affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 15996ORA
2011 GAAP Manual
Table of Contents
Topic
CHAPTER 15 – PREPARING FOR THE A-133 SINGLE AUDIT
CHAPTER 16 – SYSTEMWIDE REVENUE BONDS (SRB) AUDIT REQUIREMENTS
©
2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms
affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 15996ORA