PDF-billing and posting to general ledger accounts.

BENEFITS Gain project specific flexibility Customize the system to reflect billing methods and rate agreements as unique as each customer or project needed without af fecting other a ccounts or r. Chapter 16. 16-. 1. Learning Objectives. Describe the information processing operations required to update the general ledger and to produce reports for internal and external users.. Identify the major threats in general ledger and reporting activities and evaluate the adequacy of various control procedures for dealing with them.. . Coding, General . Ledger, . and Financial Reporting. Post entries to the ledger. COPYRIGHT © 2007 Thomson South-Western, a part of The Thomson Corporation. Thomson, the Star logo, and South-Western are trademarks used herein under license. Debtors Control Accounts. Debtors . Control Account. Source. Source. Opening Balance. From previous period. Opening Balance. From previous period. Credit Sales. Sales Day Book. Receipts . From Debtors. 7 . – . Posting to the Ledger. Posting to the Ledger. Business Transactions. Journal. (Journalizing). Ledger. (Posting). ** The General Journal does not provide the balance for each account. This information is found in the accounts in the general ledger.. Presented by - Kristin . Bahn. , University Financial Services. 1. Objectives. Become familiar with important PeopleSoft terms and understand how to run core reports and other tools in PeopleSoft Financials. Reeve. Duchac. Accounting. 26e. Accounting Systems. 5. C H A P T E R. human/iStock/360/Getty Images. Basic Accounting Systems. (slide 1 of 2). An . accounting system . is the methods and procedures for collecting, classifying, summarizing, and reporting a business’s financial and operating information.. Describe the nature and purpose of a subsidiary ledger.. 1. Record transactions in special journals.. 2. Appendix . I. Subsidiary Ledgers and Special Journals. Used to keep track of individual balances.. Chapter 16. 16-. 1. Learning Objectives. Describe the information processing operations required to update the general ledger and to produce reports for internal and external users.. Identify the major threats in general ledger and reporting activities and evaluate the adequacy of various control procedures for dealing with them.. Fourth Edition. Chapter 4 . The General Journal and the General Ledger. Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Preparing and . Maintaining . a Chart of Accounts. Learning Objectives. LO. 1. Construct a chart of accounts for a service business organized as a proprietorship.. LO. 2. Demonstrate correct principles for numbering accounts.. Who Should Attend This Course?. This course is designed to introduce participants to the . General Ledger . processes and procedures within the PeopleSoft environment. . Prior to taking this course, you should have completed the PeopleSoft Basics and Navigation . Accounting in the real world & Internet Activity. What’s My Balance?. Record Sales Volume at Amazon.com. Answer the two critical thinking questions.. Internet Activity. www.sec.gov. Amazon.com. Receipts. Learning Objectives. Explain and Journalize Entries for Sales, Sales Discounts, and Sales Returns and Allowances. Record to Subsidiary Ledgers and Post to General Ledger Sales Transactions and Returns. Dan Aldridge, Senior Consultant, Infor. 3. Course Methodology. Lecture and. Discussion. 40%. Hands-on. Practice. 50%. Measure. Results. 10%. Practical Exercises. Demonstrations. Application. of Concepts.