KFSFP-930BAYEBA-Class (Budget Adjustment & Year End Budget Adjustment)
This class will cover the Budget Adjustment and Year End Budget Adjustment e-docs.
The Budget Adjustment e-doc is used to record income and expense transactions not processed through other e-docs against an existing budget. It can be used to modify a base budget, a current budget, or both. It is a financial planning tool that allows an organization to adjust the current and base budget figures for a given account as circumstances may change throughout the fiscal year.
The Year End Budget Adjustment e-doc is similar to the Budget Adjustment e-doc and is used to record transactions that occurred during a fiscal year but were not recorded prior to the end of the final accounting period for that fiscal year.
Who should attend?
Fiscal officers and individuals who process budget transfers and year-end adjustments