Show:
Budget Basics
Mosaic-ing me happy
MAC Lingo & Policies
Financial Accounting
McRandom Finance Topics
100
This term describes how money is currently divided across the University.
What is budget envelope?
100
This is the name for McMaster's new ERP (Enterprise Resource Planning) system that will modernize our business operations.
What is Mosaic?
100
This is the type of governance structure McMaster employs.
What is bicameral?
100
It runs from May 1st to April 30th.
What is the University's fiscal year?
100
At Mac, it is not the year of the dog or monkey or dragon; it is the year of this.
What is the Year of Change?
200
These guidelines are generally issued during November each year.
What are the Budget Guidelines?
200
Mosaic will replace five systems used within the University. Name three.
What are Finance, Research Administration, Human Resources, Student Administration and Business Intelligence?
200
These are found on the Mac website and split into 10 categories. The Board Office maintains them.
What are McMaster’s Policies? www.mcmaster.ca/policy
200
These two specific areas of the University have the largest decentralized finance offices.
What are Faculty of Health Sciences and Research?
200
If you have a question about financial affairs at McMaster, this web searching tool is currently available on each of the Financial Affairs web pages.
What is Ask McMaster?
300
Finalizing the University's budget involves these three groups.
What are the Budget Committee, the Finance Committee, and the Board of Governors?
300
On December 2, this was the first Mosaic system to go-live.
What is Finance (and Research Finance)? Note: Finance is an acceptable response.
300
This By-Law specifies who can sign contracts on behalf of the University.
What is Execution of Instruments (EOI)? By-Law no. 5 is also acceptable.
300
If you notice an error in one of your accounts and need to correct it, you will probably need to perform this task.
What is a journal entry?
300
McMaster recently introduced this tuition payment method.
What is credit card?
400
This is the amount of the University's Operating Fund for 2014-15.
What is $573 million?
400
Enhancing student services and providing staff with better tools to do their jobs are a couple expected benefits of this.
What Mosaic?
400
If something appears fraudulent, you can visit this website that is independent of the University.
What is EthicsPoint? https://secure.ethicspoint.com/domain/media/en/gui/15480/index.html
400
This is one of the University's key financial risks. Name one.
What is pension unfunded obligations or post-retirement benefits or deferred maintenance or debt management or investment returns?
400
In addition to collecting student fees and maintaining student accounts, the Student Accounts & Cashiers office is also responsible for this.
What is recording funds received by the University?
500
McMaster's New Budget Model is a hybrid of this model.
What is activity-based budgeting?
500
According to Dee, due to the significant change resulting from Mosaic, it's important for managers to learn the new system and take on this role.
What are Positive Ambassadors?
500
This person determines which resource requests to include in his/her final budget submission.
Who is the Envelope Manager?
500
This the name of the new software system McMaster will be using once Mosaic is implemented.
What is PeopleSoft?
500
This list, handled by the Student Accounts & Cashiers Office, is a great place to look if your department is expecting money and has not yet received it.
What is Unclaimed Payments?
http://www.mcmaster.ca/bms/student/pdf/unknown_pmts.pdf