Cours financeÂ Financial Reporting Department
A Forecast is an estimation of the financial position of your Division, Faculty, Department or unit at the end of the current fiscal year. It is comprised of the Actual year-to-date Revenue and Expenditures plus an estimation of the Revenue and Expenditures that will incur for the remainder of the current fiscal year. The Forecast is based on a set of assumptions and projections that are made by the Division, Faculty, Department or unit in conjunction with the Finance department.A Financial Forecast should be developed at the Cost Centre level or at the Activity-Time-Location (ATL) level for each Cost Centre. If desired, Cours financeÂ Financial Reporting Department en pdf| Cours finance | Cours Gestionit can be developed and submitted at the financial roll-up level (Faculty or Department level).
Users who wish to submit the forecast at the financial roll up level can do so by entering the consolidated financial forecast amount in any one Cost Centre that is included in the financial roll up and leave the remaining Cost Centres within the roll-up Cours financeÂ Financial Reporting Department en pdf| Cours finance | Cours Gestionwith zero forecast balances.For example, you have already entered the forecast entries in the ‘Current or Working’ ledger and would like to enter the same numbers in ‘Finance Submission’. To obtain the forecast entries from ‘Current or Working’, choose ‘Current or Working’ for ‘Forecast Entry Information to populate from’ in the Forecast Entry Spreadsheet criteria page. Once downloaded, save the file and follow the steps detailed in load forecast entries in PeopleSoft on Pg. 10.The system will automatically calculate the benefit amount if a salary Cours financeÂ Financial Reporting Department en pdf| Cours finance | Cours Gestionamount is entered without benefit amount or with $0.00 benefit amount. If the benefit account needs to be $0, enter the benefit amount $0.01 so that the system does not automatically calculate the amount.