week 6 - acc5130_Ch14-GL_Fal10-3slides

week 6 - acc5130_Ch14-GL_Fal10-3slides - 10/6/2010...

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10/6/2010 1 Accounting Systems: Design and Control Chapter 14 – General Ledge Cycle Ms. Pam J. Schmidt PhD Candidate Dept. of Accounting School of Business Administration Ch 14: General Ledger Cycle Postings from accounting subsystems Correcting, adjusting, and closing entries Budget data Financial statements and other reports GL Process GL structure - Chart of Accounts What is the smallest unit of data entry in GL? What reports are needed? Don’t make it overly complicated …
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10/6/2010 2 Ch 14: General Ledger & Reporting System Context Diagram (Fig 14-1) Level 0 DFD (Fig 14-2) Updates to General Ledger (GL) 1. Accounting sub-system Summary journal entry – all transactions in period 2. Treasurer – non-routine transactions Debt - issue or retire Investment securities Stock - issue or acquire
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10/6/2010 3 Posting Treasurer Journal Entries to GL Post Adjusting Entries Accruals – cash not yet received or disbursed
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week 6 - acc5130_Ch14-GL_Fal10-3slides - 10/6/2010...

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