The following items were discussed at the last Controllers' meeting:
  1. CUSP
  2. Gift Fund Training
  3. Final revisions of APSs
    1. Propriety of Expenses
    2. License and Certification Fees, Memberships, or Dues
    3. Officer Disclosure of Interests
    4. Sponsored Project Revenues
  4. Update
    1. OUC Town Hall Wrap-Up
    2. PSC Procedural Statement Sensitive Expenses
    3. Revenue Definition and Recognition documents
  5. CUF balances reported in Cognos
  6. Discuss ODB access to CIW GL from MS Access
Feedback continues to be very positive for the OUC Town Hall events this fall. To date, we’ve had excellent questions and suggestions from approximately 300 participants at four locales: Downtown Denver, Colorado Springs, Boulder, and Grant St (System).
The OUC continues its highly acclaimed CPE for CPAs with two days of courses during the month of November 2012. The letters translate to “Continuing Professional Education for Certified Public Accountants,” but you should note two important facts about our program:
  1. You may be able to use our CPE to support audit or other certifications, in addition to using it to maintain a CPA license; and,
  2. You can participate whether you are a CPA or not. This no-cost professional development is open to all CU employees!
The CU Shared Practices (CUSP) Program recognizes and rewards innovative work by your colleagues across the University.
A cost transfer is a transfer of expense to and/or from a sponsored project by means of a journal entry (JE) in the PeopleSoft Finance System. Internal Audit recently conducted an audit at one of the campuses to ensure that cost transfers comply with all applicable requirements. Following is a synopsis of the audit findings and recommendations.

1 - Inadequate JE descriptions

The auditors could not determine, based on JE descriptions/supporting documentation, why the transfer was necessary and if it benefited the sponsored project receiving the expense.
The theme of the OUC’s Fall 2012 Town Hall sessions is “Looking Back, Moving Forward.” And the sessions themselves are moving forward nicely this month. So far, we’ve visited with folks from Downtown Denver (Oct 26) and Colorado Springs (Oct 29) and have been pleased with the warm reception and great feedback.
On Tues, Oct 30, the Finance & Procurement Help Desk will be closed from noon- 5:00 pm for a staff event. The Help Desk will resume normal business hours at 8:00 am on Wed, Oct 31.
Registration is going on now for five CPE courses being offered next month. Our new day of training focuses on Cognos tools, philosophy, and approach:
  • Cognos – Financial Statement Reading, Reconciliation, and Forecasting
  • Quality Assurance in CU’s Reporting Initiative
  • Time Management
Our repeat day of training brings back two courses that filled to capacity when they were offered earlier this year:
  • Banking and Payments
  • Topics in Effective Writing
The Finance & Procurement Business Services staff has recently revamped both online and in-person training for CU Marketplace and Concur Travel & Expense. The new training program draws its inspiration and format from extensive research on the flipped-classroom approach to learning. Employees and affiliate fiscal staff will now be introduced to procurement systems and procedures via online courses in SkillSoft. If training is required for system access (as in the Marketplace), the SkillSoft courses fulfill this requirement.
We’re pleased to announce that the recent round of fundraising event training and issues forums were well attended and well received. We’ll publish session handouts on the OUC website soon. In the meantime, stay up to date on this topic by bookmarking our Fundraising Event Compliance page at