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University of Illinois at Urbana-Champaign (UIUC) - All Events

University of Illinois at Urbana-Champaign (UIUC) - All Events

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PROPERTY ACCOUNTING: Physical Inventory of Equipment

Event Type
Learning Systems Support
wifi event
Jun 14, 2023   9:00 am - 12:00 pm  
Click Here to Register
Originating Calendar
All Universities - Webinars

Instructor(s): Magdalena Jach

Course Prerequisites:
FN 101: Introduction to Banner and Finance (online)
  FA 101: Introduction to Property Accounting  (on-line)
  FA 102: FABweb Additions and Updates  
  FA 103: FABweb Transfers and Disposals 
 FA 104: Equipment Loans and Other Transfers  (on-line)

Course Description:

University of Illinois System and state regulations require each unit to complete and certify a physical inventory of their movable equipment every two years. These movable equipment items are a vital asset of the University of Illinois System. The biennial inventory process verifies the accuracy of each item’s record and assures that the item is physically present.

In this course, you will learn the process of conducting physical inventory and the steps in verifying the biennial inventory. You will watch how to access the Biennial Inventory system and load the inventory list. This course covers inventory policies and procedures and problem-solving.

In addition, you will see how the Biennial Inventory mobile app can be used to help conduct physical inventory. The Biennial Inventory mobile app is an optional tool available for your unit-procured Android tablet or iPad.

CPE Statement:
The Office of Business and Financial Services is an Illinois Public Accountant Continuing Professional Education (CPE) sponsor and can offer CPE credit to Certified Public Accountant (CPA) participants in this course.

Support Information:
Please contact Learning Systems Support at with any questions related to; technical issues, scheduling, registration.

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