Overview
This course provides a general overview of the features and benefits of using General Ledger in an integrated environment and focuses on how General Ledger integrates with other functional areas in the FreeBalance Accountability Suite™. This Course also focuses on the setup procedures and different types of accounts in General Ledger and how to define budgets for accounts using the FreeBalance application. This course also examines the functionality available to maintain General Ledger records. There is a module that focuses on correcting posted entries as well as changing and deleting account records. Information about the reconcile features in General Ledger are discussed, including the capability of reconciling to other sub-ledgers. Inquiries and reports are also discussed in this course.
Course Objectives
- Define bookkeeping and accounting
- Explain the general purposes and functions of accounting
- Describe the main elements of financial accounting information – assets, liabilities, revenue and expenses
- Identify the main financial statements and their purposes.
- Use the accounting cycle to develop financial statements from government transactions
Course Content
- General Ledger
- Journal Voucher
- Transaction Analysis
- Sub Ledgers
- Financial Statements and Reports
Target Audience
- PFM consultants
- GRP Consultants
- Business Analysts
- Civil Servants
- Policymakers
- Auditors
| Dates | On Demand |
|---|---|
| Length | 0.5 Days |
| Pace | Self Paced |
| Fees | $50 (Introductory Price) |
| Language | English |
Related Courses
)
Treasury Management
Government Treasury Management helps the spending units set payment priorities. The Treasury updates bank balances through the bank statement, which includes daily revenue collections. Based on the liquidity available, the Treasury can decide which payments to release and which payments to delay.
)
Revenue Management
This course provides a general overview of the features and benefits of using the FreeBalance Accountability Suite’s™ Revenue Management module.
)
Budget Planning
Budget Planning is a crucial phase of the Budget Cycle that seeks to balance the government’s limited resources with its competing policy priorities.