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WyoCloud Newsletters

WyoCloud November 2016 Newsletter (Click to download newsletter)
WyoCloud December 2016 Newsletter (Click to download newsletter)
WyoCloud January 2017 Newsletter (Click to download newsletter)
WyoCloud February 2017 Newsletter (Click to download newsletter)
 

Presentation Slide Decks

Core Project Team Kickoff (August 1st, 2016) (Click to download presentation)
WyoCloud Project Update (September 6, 2016) (Click to download presentation)
WyoCloud University Launch (November 1st, 2016) (Click to download presentation)
WyoCloud Change Agent Network Meeting (November 2016) (Click to download presentation)
WyoCloud Change Agent Network Meeting (December 2016) (Click to download presentation)
WyoCloud Change Agent Network Meeting (January 2017) (Click to download presentation)
WyoCloud Change Agent Network Meeting (February 2017) (Click to download presentation)
WyoCloud Town-Hall (March 2017) (Click to download presentation)
 

Press Releases

 

Events

University Launch Town Hall: Nov. 1st, 2016 (WyoCast Recording)

WyoCloud Town-Hall: March 2nd, 2016 (WyoCast Recording)


WyoCloud Executive Steering Committee Decisions

Decision

Date Approved

Decision Background

UW Conversion to Accrual Accounting

July 7, 2016

With the implementation of the Oracle Cloud Finance System, UW will adopt accrual accounting to record transactions.  This approach will ensure best practice compliance with GASB/FASB accounting standards and will also result in:

  • Streamlining of the budget process to compare progress on university objectives and improve decision making with the distribution of funds available;
  • Common, consistent definitions and procedures can be implemented at the university across colleges for the recording and reporting of financial information; and
  • The ability to produce reports at the required level of summary or detail, with significantly less manual effort or adjustments needed to produce timely & accurate financial reports at any time during the fiscal year.

 

UW will use a single business unit

September 14, 2016

This is an overall system setting in the Oracle system and based on business practices at UW and recommendation from our partners at Oracle, UW will use a single business unit in the future state.

 

UW will transition to a more open security model

 

October 6, 2016

 

A budget year reference will no longer exist within the new Chart of Accounts.

 

October 6, 2016

During the budget redesign process the University will establish new carry-forward policies and processes, where appropriate, for budget amounts not used in a budget year.

 

WyoCloud finance system will start with balance sheet values only at the start of the system period on 7/1/17.  5 years of historical data will be held in the Data Warehouse.

 

November 3, 2016

The configuration and integrations team recommended converting 3 years of historical data, based on industry best practices.  Based on need for 3 full biennium’s of data for accurate forecasting in the future, 3 years of data will be initially available in the data warehouse and an additional 2 years of data will be converted after go-live.

 


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