Community. Delivers a comprehensive suite of functionality to serve the financial system needs of all Carnegie-Class institutions. An enhancement of the proven functionality of Indiana University’s Financial Information System (FIS), KFS meets GASB and FASB standards while providing a strong control environment to keep pace with advances in both technology and business. Modules include financial transactions, General Ledger, chart of accounts, contracts and grants, purchasing/accounts payable, labor distribution, budget, accounts receivable, capital assets and travel, entertainment and moving.