University of South Florida

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Computer & Business Systems -Finance

Accounting Concepts (FST150)

Type: Instructor Led

Intended Audience: Anyone who uses the USF Financial Systems (FAST or Finance Mart)

Program Overview: This program provides basic accounting information to support the use and understanding of the USF Financial System.

Objectives: Attendees will learn a few basic accounting principles through discussion and illustration. These accounting principles will help clarify the information viewed in the modules of FAST and in the reporting systems that support FAST.

Agenda:

• Introduction to the modules of FAST;

• Introduction on how information flows through FAST and to related systems;

• Learn basic accounting concepts such as balanced entries, cash basis vs. accrual basis, chart fields, debits and credits:

• Introduction to USF's reporting cycles.

Pre-Requisite Activities: Financial Systems Introduction (FST110) (Suggested)

Instructor: Mark Devore

Additional Resources: www.usf.edu/ucotraining

Materials Needed: Making Cents of Accounting PDF