This class will provide an overview of the capital asset policy and thresholds. Topics covered include: What Cornell University considers a capital asset; the importance of keeping capital asset records current; sponsor-owned equipment; tagging assets; and working with the surplus and disposal processes. KFS topics include pre-asset tagging, asset edits, asset transfer, equipment loan/returns, asset fabrication, asset retirement, and the barcode inventory process. (This course replaces KFSCAM-600.)
It's your last chance to attend DFA classes for the school year (classes will resume in September 2017)! The following DFA classes have open seats and are open to any person interested in learning more about Cornell accounting/finance policies.
On April 23, after a scheduled upgrade completes, KFS users will experience a new look and feel to the Kuali Financial System (KFS). The upgrade to KFS 7 will include usability improvements to enhance the user’s experience.
The Division of Financial Affairs is pleased to announce that it has negotiated Facilities and Administrative (F&A) Cost rates with the federal government for the five year period beginning July 1, 2016.
In accordance with federal requirements, University Policy 3.10, Recharge Entities requires units utilizing interdepartmental charges to recover some or all of the costs of products and services, and having aggregate revenue in excess of $50,000 per year, have their rates reviewed and approved biannually. The following is the current list of facilities with approved rates. For information about a specific facility, follow the link for each facility.