One of the most important parts of your role is to know the elements of an expense or revenue transaction. Financial Review and Control (FRC) helps you to understand this and the key elements of risk at MIT. This self-paced online training will show the basics of FRC and how to recognize what constitutes effective review.
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Completion Time: Approximately 30 to 45 minutes
Recommended Prerequisites
Available through the Atlas Learning Center.
Are you looking to hire an individual to perform services at MIT? This course explains when a person can be hired as an independent contractor, when he/she must be hired as a temporary or permanent employee, and why.
Available through the Atlas Learning Center.
This course provides an introduction to requesting payment via MIT's eRFP system. Payment requests are used for low-dollar supplier payments, honoraria, prizes/awards, visa fees, and human subject payments.
Completion time: approximately 30 minutes.
This course will walk you through the key activities that Departments, Laboratories, and Centers (DLCs) perform during the fiscal year-end close in preparation for publishing MIT's financial statements and the Treasurer's Report. It is provided to help ensure that MIT's audited financial statements are in compliance with Generally Accepted Accounting Principles (GAAP).
This course is required for all individuals prior to receiving your MIT Travel Card.
It is designed for all travelers, and their delegates, to ensure compliance with Institute and federal policies related to business travel on behalf of MIT.
Training provided by the Office of the Vice President for Finance
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Available through the Atlas Learning Center.
Topics include:
Completion Time: 20 minutes
Available through the Atlas Learning Center.
When consumers use payment cards, they assume that the information they share is secure. Data security standards were developed to help merchants maintain safeguards critical to the protection of payment card data.
After completing this course you should be able to:
The following online courses provide detailed information on how to use the B2P system. Each course takes approximately 10–30 minutes to complete (specific times noted below).
Complete B2P Basics before taking the following courses:
This course covers the basic knowledge and skills needed for financial management at MIT.
Available through the Atlas Learning Center.
This course is intended for learners who verify Procurement Card transactions – also known as ProCard transactions – at MIT. This training course should take approximately 60 minutes to complete.
This course is designed for anyone who approves travel expense reports, to help ensure compliance with Institute and sponsor policies related to business travel on behalf of MIT.
Training provided by the Office of the Vice President for Finance
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Completion Time: Approximately 25 minutes.
This course is intended for all learners who use the Procurement card – also known as the ProCard – at MIT.
Completion Time: Approximately 15 to 30 minutes.
It is necessary to complete this training before receiving your MIT ProCard.
Available through the Atlas Learning Center.
When consumers use payment cards, they assume that the information they share is secure. Data security standards were developed to help merchants maintain safeguards critical to the protection of payment card data.
After completing this course you should be able to:
Available through the Atlas Learning Center.
This course provides an introduction to requesting reimbursement via MIT's eRFP system.
Completion time: approximately 30 minutes.
Subject matter experts will be available to answer your questions about the fiscal year-end closing process. Attendees are encouraged to review the Fiscal Year-End Closing course in the Atlas Learning Center before attending the Q&A session.
Attendees will be given the Zoom login information prior to the event.
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
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This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
This session has been canceled in consideration of MIT's current guidelines on campus gatherings.
Friday, October 22, 10:00 am - 11:00 am.
VPF is offering a 1-hour virtual drop-in session for Fundamentals of Financial Management. These sessions will be offered on a regular basis.
If you have questions about cost objects, G/L Accounts, summary statements, secondary costs, or calculating costs for a research budget, please join us.
The Zoom link is https://mit.zoom.us/j/99339561749
Designed for MIT administrators and fiscal officers, this informational workshop will address MIT’s status as a sales tax-exempt organization and how to use the necessary forms to claim the sales-tax exemption when making purchases for MIT in Massachusetts and the 30 other states where MIT has a sales tax exemption. The workshop also provides information for DLCs that collect sales tax for goods or services, with instructions for collecting and reporting on these taxes.
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
The VPF Budget & Financial Analysis team will review the fundamentals of budgeting by funding category, demonstrate the input/output mechanics of the NIMBUS budget system, and answer questions on the budget preparation and submission process.
The VPF Budget & Financial Analysis team will review the fundamentals of budgeting by funding category, demonstrate the input/output mechanics of the NIMBUS budget system, and answer questions on the budget preparation and submission process.
Registration is not required; however, if you plan to attend a session, please send an email to Jason Leung, VPF Senior Budget Operations Analyst. The Zoom link is below.
VPF is offering a 1-hour virtual drop-in session for Fundamentals of Financial Management. These sessions will be offered on a regular basis.
If you have questions about cost objects, G/L Accounts, summary statements, secondary costs, or calculating costs for a research budget, please join us.
The VPF Tax team will host a virtual tax workshop on Tuesday, March 2, 2021, beginning at 7 pm.
Audience: Generally, International Students in the U.S. 5 years or less
The presentation will be held as a Zoom webinar and will be recorded and available on the VPF Tax Guidance for Nonresident Aliens website shortly after the live event.
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
VPF is offering a 1-hour virtual drop-in session for Fundamentals of Financial Management. These sessions will be offered on a regular basis.
If you have questions about cost objects, G/L Accounts, summary statements, secondary costs, or calculating costs for a research budget, please join us.
The Zoom link is https://mit.zoom.us/j/94547976880
11:00am - 12:30pm
This workshop will walk you through the key activities that departments, laboratories, and centers (DLCs) perform during the Fiscal Year-End Close in preparation for publishing MIT's financial statements and the Treasurer's Report. The course is provided to help ensure that MIT's audited financial statements are in compliance with Generally Accepted Accounting Principles (GAAP), and that relevant budget variances are appropriately addressed.
Zoom Link: https://mit.zoom.us/j/92497235618
11:00 am - 12:30 pm
This workshop will walk you through the key activities that departments, laboratories, and centers (DLCs) perform during the Fiscal Year-End Close in preparation for publishing MIT's financial statements and the Treasurer's Report. The course is provided to help ensure that MIT's audited financial statements are in compliance with Generally Accepted Accounting Principles (GAAP), and that relevant budget variances are appropriately addressed.
Zoom Link: https://mit.zoom.us/j/98684548060
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
Cost Objects
General Ledger Accounts
Secondary Costs
Summary Statement and Detail Transaction Report
Calculating Costs for a Research Budget
Friday, August 20 10:00 am - 11:00 am.
VPF is offering a 1-hour virtual drop-in session for Fundamentals of Financial Management. These sessions will be offered on a regular basis.
If you have questions about cost objects, G/L Accounts, summary statements, secondary costs, or calculating costs for a research budget, please join us.
The Zoom link is https://mit.zoom.us/j/98911177305
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course.
TOPICS
Friday, November 19, 10:00 am - 11:00 am.
VPF is offering a 1-hour virtual drop-in session for Fundamentals of Financial Management. These sessions will be offered on a regular basis.
If you have questions about cost objects, G/L Accounts, summary statements, secondary costs, or calculating costs for a research budget, please join us.
The Zoom link is https://mit.zoom.us/j/99397794632
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course. The Zoom link will be emailed to participants before the sessions.
TOPICS
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course. The Zoom link will be emailed to participants before the sessions.
TOPICS
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course. The Zoom link will be emailed to participants before the sessions.
TOPICS
Friday, January 21 at 10:00 am - 11:00 am.
VPF is offering a 1-hour virtual drop-in session for Fundamentals of Financial Management. These sessions will be offered on a regular basis.
If you have questions about cost objects, G/L Accounts, summary statements, secondary costs, or calculating costs for a research budget, please join us.
The Zoom link is https://mit.zoom.us/j/92379401987
Friday, February 25 at 10:00 am - 11:00 am ET.
VPF is offering a 1-hour virtual drop-in session for Fundamentals of Financial Management. These sessions will be offered on a regular basis.
If you have questions about cost objects, G/L Accounts, summary statements, secondary costs, or calculating costs for a research budget, please join us.
The Zoom link is https://mit.zoom.us/j/92661304360
Day 1 is 10:00 am-12:00 pm ET
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course. The Zoom link will be emailed to participants before the sessions.
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Day 2 is 10:00 am-11:30 am ET
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course. The Zoom link will be emailed to participants before the sessions.
Topics
Day 3 is 10:00 am-11:30 am ET
This course is designed to provide the basic knowledge and skills needed to function effectively in a position with fiscal responsibilities. Using interactive group exercises and case studies, participants learn basic concepts of financial administration at MIT and practice using these concepts in realistic work situations.
This is a three-day course. The Zoom link will be emailed to participants before the sessions.
Topics