Accounting and Finance

These sessions familiarize employees with RIT accounting and budget practices, procedures and protocols, as well as with basic terminology used at the university.

Series

Oracle is the University's financial and human resource platform for all transactions and databases. This series of three classes is very important to new faculty and staff who have budget development/operations and/or purchasing responsibility.

The following classes are designed for new Oracle users or those who need a refresher course for basic applications in the general ledger and purchasing.  Seats in these sessions are limited to those who use Oracle within their current position.

This series is designed to familiarize employees with RIT accounting and budget practices, procedures and protocol, as well as with basic accounting terminology used at RIT.

Online Courses

This introductory workshop in the SPARC program is designed to provide Principal Investigators and staff responsible for grant and contract administration with an understanding of RIT and sponsor policies and procedures related to the management of externally funded projects. Attendees will gain the knowledge necessary to begin to manage sponsored projects as well as where to obtain assistance when questions arise.

Topics include:
1) The regulatory environment that dictates how sponsored projects are to be managed
2) Compliance requirements
3) A review of roles and responsibilities for various post award tasks
4) An overview of processes and procedures for recording transactions on sponsored projects
5) The most useful Oracle reports to assist with monitoring expenses
6) An overview of accounting for cost share commitments
7) An overview of indirect costs and facilities and administrative charges. 
 

 Note: This course is currently available in online and can be accessed at any time.

Introduction to Accounting, the first workshop in the RIT Accounting Practices, Procedures & Protocol series, is designed to familiarize attendees with the overall course content. Attendees will gain knowledge of the role and structure of the RIT Controller's Office and the Office of Budget & Financial Planning Services. The main focus of the class will be an in-depth review of the RIT chart of account structure, including information about what each segment represents, how to decipher 24-digit combinations, how combinations are created, cross validation rules, and account segment descriptions. Employees who perform financial functions including budgets, purchasing, travel, p-card administration, etc, should attend this class. In addition to providing a foundation for the Accounting Practices, Procedures & Protocol course, the workshop is a prerequisite for Oracle training classes. All course materials will be distributed during the first workshop. Course materials are also located on the Controller's Office web page at: http://www.rit.edu/fa/controller/content/training

Prerequisite: None.

* Completion of this course is required to obtain your Accounting Series Certificate of Completion.

An online course about the responsibilities of purchasers and the Procurement Services Office.