There are hundreds of object codes to choose from when coding an expense in KFS. How do you know which one to choose? Are you using the most appropriate code? Object codes such as "Other" or "Miscellaneous" are an invitation for auditors to look closely at the allowabiltiy, allocability, and reasonableness of the expense. For example, not reallocating p-card expenses from the default object code of "other supplies & materials" (3952) to a more appropriate code can result in greater audit scrutiny. Please join us for a discussion of best practices to reduce audit risk on your sponsor-funded accounts.
There is no cost to attend. Please register at www.training.umd.edu.
There is no cost to attend. Please register at www.training.umd.edu.
Event-Date:
Thursday, September 29, 2016 - 2:30pm to 3:30pm
Location:
1310 Marie Mount Hall