FA275 – MIP Fund Accounting Core LW

Course Level: Basic

Prerequisites: We recommend a general understanding of product navigation.

Advanced Preparation: None

Instructional Method: Group Internet Based

Training Guide Format: Digital Online/Offline

Recommended CPE Credits: 19

Three Day Class

Published: 8/2020

This intensive 3-day Live Webcast course focuses on primary financial activities, providing a strong foundation for new customers and a broad understanding for more experienced customers. This course is ideal for accounts payable professionals, staff accountants, and the hands-on Chief Financial Officer.

You will learn core features of the general ledger, accounts payable, bank reconciliation, budget, and reporting modules. Study topics include creating and maintaining chart of account codes, processing and correcting accounts payable and general ledger transactions, creating and monitoring budgets, and reconciling bank accounts. You will also learn how to use the powerful built-in reporting tools to create reports and perform analysis.

By the end of the class, you will be able to:

Set up accounting administration (chart of accounts, auto-functions, organization preferences, etc.).
Setup, process and troubleshoot accounts payable.
Enter general ledger transactions, close fiscal years and adjust closed year balances.
Reconcile cash accounts.
Enter and adjust budgets.
Understand basic reporting functions

Registration for this course includes a full featured digital guide. You will be provided instructions and a key to your digital guide prior to class. Please consider the environment before printing your digital guide.

Class is held each day from 9:00 AM – 4:30 PM CT. A one hour lunch break is included.

FA101 – MIP Fund Accounting Core Workshop

Course Level: Basic
Prerequisites: We recommend a general understanding of product navigation.
Instructional Method: Group Live
Recommended CPE Credits: 20
Two and One-Half Day Class

This intensive 2.5 day course focuses on primary financial activities, providing a strong foundation for new customers and a broad understanding for more experienced customers. This course is ideal for accounts payable professionals, staff accountants, and the hands-on Chief Financial Officer.

Class is held Monday from 1:00 – 5:00 p.m.
plus Tuesday and Wednesday, 9:00 a.m. – 5:00 p.m.

FA102 – MIP Fund Accounting Administration & Financial Reporting Workshop

Course Level: Intermediate
Prerequisites: FA101 – MIP Fund Accounting Core Workshop or at least six months experience working with transactions and reports.
Instructional Method: Group Live
Recommended CPE Credits: 14
Two-Day Class

Building on the topics discussed in the Core Accounting workshop, this advanced 2-day course is ideal for Controllers or Chief Financial Officers responsible for high level administrative tasks and advanced financial reporting. Topics discussed in this course include: accounting administration, general ledger, and general reporting, a deep dive into financial statements, and advanced financial statement features, and fiscal year closing activities.

To get the most from this course we recommend that customers first take the FA101 – MIP Fund Accounting Core Workshop or have at least six months experience working with a variety of transactions and creating custom reports.

Class is held:
Thursday 9:00 a.m. – 5:00 p.m. and
Friday 9:00 a.m. – 3:00 p.m.

FA106 – MIP Fund Accounting Finance & Reporting Workshop

Course Level: Basic
Prerequisites: We recommend a general understanding of product navigation.
Instructional Method: Group Live
Training Guide Format: Digital PDF
Recommended CPE Credits: 32
Four Day Class
Published: 11/2023

Our most comprehensive classroom offering, this intensive 4-day course focuses on primary financial activities and reporting, providing a strong foundation for new customers and a broad understanding for more experienced customers. This course is ideal for a wide range of accounting professionals responsible for high level administrative tasks, transaction processing, and advanced financial reporting including, general accountants, staff accountants, financial specialists, and the hands-on Chief Financial Officer.

You will learn core features of the general ledger, accounts payable, bank reconciliation, budget, and reporting modules. Study topics include creating and maintaining chart of account codes, processing, and correcting accounts payable and general ledger transactions, creating and monitoring budgets, and reconciling bank accounts.

You will also learn daily processing tasks and skills that improve accuracy and save valuable time throughout the accounts receivable cycle. Learn how to create customers, enter invoices and credit memos, and process cash receipts and prepayments.

Then you will experience the powerful built-in reporting tools to create reports, including a deep dive into financial statements, advanced financial statement features, and fiscal year closing activities. Topics Covered: Quick & Default Financial Statements, Financial Statement Formats, Financial Statement Setup, Creating an R&E Financial Statement, Drill-Down Analyzer, Segment Substitution, Reporting on a Fiscal Year Other than The Organizations Fiscal Year, Statement of Cash Flows, Statement of Financial Position, GASB Statement of Activities, Forecasting, and Exporting Reports.

By the end of the class, you will be able to:

Set up accounting administration (chart of accounts, auto-functions, organization preferences, etc.).

Setup, process and troubleshoot accounts payable.

Set up and maintain user security.

Enter general ledger transactions, close fiscal years, and adjust closed year balances.

Reconcile cash accounts.

Enter and adjust budgets.

Set up default customer discount and prepayment information.

Create, rename or merge customers.

Enter accounts receivable invoices and apply credit memos and receipts.

Enter and apply prepayments.

Discuss options for correcting errors.

Review customer balances and transaction history.

Create and run financial statements.

Utilize advanced reporting functions.

Create fraud prevention notifications.

Class is held on Monday from 1:00 – 5:00 p.m., Tuesday, Wednesday, Thursday, 9:00 a.m. – 5:00 p.m. and Friday, from 9:00 a.m. – 12:00 p.m.

FA107 – MIP Fund Accounting Data Import/Export Workshop

Course Level: Advanced
Prerequisites: We recommend a general understanding of transaction entry.
Instructional Method: Group Live
Training Guide Format: Digital PDF
Recommended CPE Credits: 12
1.5 Day Class
Published: 11/2023

Have you ever wanted to transfer vendors, employees, or time sheets into MIP Fund Accounting? Are you tired of entering the same transaction data twice? The Import/Export module gives you the power to import data directly into Accounting or Payroll. Learn how to import a Chart of Accounts, distribution codes, fixed assets, and even accounting transactions!

This intensive, focused workshop follows the import process from start to finish, thoroughly covering the import and export options available in MIP Fund Accounting. Participants complete hands-on practice exercises and interact with the instructor in person in a classroom with other students.

By the end of the class, you will be able to:

Identify the different types of data formats available.

Identify the sections of a definition file and understand how they are used.

Apply transaction specific formatting statements.

“Match” a definition file to a data file using format statements.

Read and troubleshoot import error reports.

Select the export options that work best for reports and financial statements.

Class is held Thursday from 9:00 a.m. – 5:00 p.m. plus Friday from 9:00 a.m. – 1:00 p.m.

FA215 – MIP Fund Accounting Reporting

Course Level: Basic
Prerequisites: None
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Published: 01/2024

One of the key requirements of accounting software is the ability to retrieve and view your data the way it makes sense to you. MIP Fund Accounting provides unique and powerful reporting tools that allow you to do just that. This course provides an overview of reporting capabilities and structure. You will participate in hands-on activities that will familiarize you with using default reports and creating your own custom reports.

For additional training, and to learn more about reports and financial statements, attend the “FA216 – MIP Fund Accounting Financial Statements” and “FA217 – MIP Fund Accounting Advanced Financial Statements” courses.

By the end of the session, you will be able to:

Identify the information available in List, Transaction, and Analysis reports
Use Navigator to quickly access your favorite reports
View and print default reports
Modify the content and design of reports
Filter reports for specific information
Define date selections for reports

FA216 – MIP Fund Accounting Financial Statements

Course Level: Intermediate
Prerequisites: Reporting attendance or reporting proficiency
Recommended Prerequisites:
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class
Published: 01/2024

This course builds on the skills learned in Reporting while focusing on creating basic financial statements. This course will train users how to take advantage of the quick financial statements and default financial statements features. You will also learn how to create basic custom financial statements. The course will also cover custom columns, report groups, and the drill-down analyzer.

For additional training, and to learn more about reports and financial statements, attend the “FA217 – MIP Fund Accounting Advanced Financial Statements” course.

By the end of the session, you will be able to:

Print quick financial statements
Set up and print default financial statements
Create custom financial statement formats
Create custom financial reports
Apply report groups and custom columns to reports
Analyze financial data with the drill-down analyzer

FA217 – MIP Fund Accounting Advanced Financial Statements

Course Level: Advanced
Recommended Prerequisite: FA216 – MIP Fund Accounting Financial Statements
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class
Published: 02/2024

Attend this class to take your financial reporting skills to the next level. This course covers the creation of complex financial statements. The use of segment substitution, report groups, segment substitution with report groups, and column subtotals will be introduced in various FAS 117 required financial statements. Creating custom charts and graphs is also discussed.

By the end of the session, you will be able to:

Incorporate segment substitution into custom financial statements
Incorporate report groups into custom financial statements
Create columnar based financial statements and incorporate subtotals
Create FAS 117 compliant financial statements
Create a GASB 34 Statement of Activities

FA218 – MIP Fund Accounting DrillPoint Reporting

Course Level: Advanced
Prerequisite: Participants must install the MIP Fund Accounting DrillPoint Reporting module prior to class
Recommended Prerequisite: FA216 – MIP Fund Accounting Financial Statements
Instructional Method: Group Internet Based
Recommended CPE Credits: 3
Three-Hour Class

MIP Fund Accounting DrillPoint Reporting provides additional reporting tools that leverage the familiar Microsoft Excel ® workbook. Attend this class to learn how to create, manage, and distribute fully customized and board-friendly financial reports. This course covers creating customized complex Excel based financial reports using your MIP Fund Accounting data. The use of templates, formatting, formulas, and drill-down access will be introduced using real world financial reports.

Note: MIP Fund Accounting DrillPoint Reporting is a separate module. To get the most from the training experience participants must install the module and be assigned Designer rights prior to class.

By the end of the session, you will be able to:

Create customized report templates
Create basic financial reports
Add formulas and calculated columns to reports
Customize report formats and apply graphics to reports
Apply drill
down functionality to reports
Distribute reports to end users

FA230 – MIP Fund Accounting User Defined Fields

Course Level: Advanced
Instructional Method: Group Internet Based
Recommended CPE Credits: 2
Two-Hour Class

Unlock the potential of User Defined Fields and enhance your ability to gather and report customized organizational data. Create different types of user defined fields and practice applying them to the sample data. Create reports with user defined fields. Understand the way UDF’s interact with your standard data tables and how to avoid common pitfalls and discouraged practices.