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
Human Resource Management
The FreeBalance Human Resource Management (HRM) module is a comprehensive course that provides participants with a solid understanding of the features and functionalities of the FreeBalance HRM system.
Chart of Accounts
The Chart of Accounts (COA) Course is designed to help government financial managers explore the fundamental design criteria for creating a modern and effective COA. Through this course, participants will learn how a well-designed COA can streamline reporting, provide global visibility and improve compliance.
Payroll Management
Managing payroll can be a complex and time-consuming task, but it’s a critical function of any organization. The Payroll Management course is designed to assist HR and payroll professionals understand the fundamental principles and best practices for effective payroll management by using the Payroll Management module.