Resources

ARMICS is an initiative of the Department of Accounts (DOA) for all state agencies within the Commonwealth of Virginia.   The primary purpose of ARMICS is to ensure fiscal accountability and safeguard the Commonwealth's assets.   

The goal is to provide reasonable assurance of the integrity of all fiscal processes related to:

WHAT IS LABOR DISTRIBUTION?

Labor Distribution is the process by which charging instructions are entered into Oracle for payments for academic personnel, ensuring that payroll earnings are distributed to the correct PTAEO.  

The Foreign Corrupt Practices Act (FCPA), 15 USC 78dd-1, et seq., was originally enacted in 1977. There are two components of the FCPA.  The first requires that entities whose securities are listed in the U.S. meet the act's accounting provisions. The second contains anti-bribery provisions with broad applicability, including to public and private institutions of higher education.

What is “Professional Development”?

Here are a few suggestions to keep you in the know:

This is not an org chart, but instead is meant to give a general idea of what functions reside in which areas of UVAFinance.

Challenging the status quo is a critical component of continuous improvement. It starts with recognizing that the way something has “always be done” may not be the best approach for the future, even if it made perfect sense for “x” years.

Here are three ways to challenge the status quo:

1. Invite different perspectives – ask others what they think
2. Ask more questions – try using “what if?” in your next meeting
3. Be ready to help the change – be open-minded to ideas

A continuous improvement mindset truly transforms a culture when it is embraced in a day-to-day basis. It requires intentional reflection and a willingness to adjust based on new information.

To achieve transformation, our future-state processes need to move beyond “lift and shift,” where we merely improve the automation of a transaction. As you’re examining processes, think about the future-state considerations below:

Navigating change, no matter how worthwhile it is, always includes some discomfort. In the current state of things, we have a measure of certainty. We know what to expect; we understand the steps in our processes, even if they aren’t the most effective.

When a triggering event occurs (not necessarily THE change itself, but something that indicates change is coming) it drops us into a period that feels chaotic. Unexpected and expected triggers both have this effect. Well-planned

How to use Kanban boards with your Team

The attached pdf provides information on Fund Balance Ownership through the transition to Workday Financials.