Course Overview
This Digital Learning course provides students with the tools to set up the financial management application area. The focus is on the key financial functions within the organization such as the Cash Management, the management of VAT, Journal development and transactions, the General Ledger, and Receivables and Payables Management.
Course Outline
Module 00: Course Introduction
Module 01: Financial Management Setup
Module 02: Chart of Accounts
Module 03: General Journals
Module 04: Cash Management - Receivables and Payables
Module 05: Cash Management - Bank Reconciliation
Module 06: Receivables and Payables Management: Payment Discount and Payment Tolerance
Module 07: Receivables Management: Reminders and Finance Charge Memos
Module 08: VAT
Module 09: Prepayments
Module 10: Year End Closing Processes
Course Objectives
Setup General Ledger
Define Accounting Periods
Setup Chart of Accounts
Create and post journal entries
Review recurring journals
Create a bank account
Apply payments
Describe debit collections
Define check management
Reconcile payments
Process payments to include discounts
Set up and assign reminder terms
Set up and assign finance charge terms
Calculate VAT
Define VAT calculation types
Setup prepayments
Close fiscal year
Transfer statement account balances
Pre-requisites
General knowledge of Microsoft Windows.
General accounting knowledge