Exercise 03-01 Review Financial Accounting Master Data MCC V2-0

Exercise 03-01 Review Financial Accounting Master Data MCC V2-0

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 03: Financial Accounting Exercise 03-01: Review Master Data Multi Company Code Rev: 1/17/2011 General Notes and Information It is strongly recommended that you read through the entire exercise prior to starting. Not all instructions can be provided in a linear manner. The following symbols are used to indicate important information, as described below: An arrow highlights an important instruction that must not be overlooked. A pencil prompts you to write down an important piece of information. Each student or group will be assigned a unique two-digit identifier . This identifier is used in all exercises to uniquely identify your data. Whenever you see ## in these exercises, replace it with your identifier. Always work with your data. Business Process Overview Introduction
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Chapter 02, Exercise 02-01, Revised: 1/17/2011 Page 2 of 15 The financial accounting process allows GBI to pay vendors for services and materials acquired. This process can be used to pay for liabilities that GBI has incurred due to normal operations. This exercise will show you how to review both General Ledger accounts and Profit & Loss accounts. Exercise Prerequisites There are no prerequisites. 2
Background image of page 2
Chapter 02, Exercise 02-01, Revised: 1/17/2011 Page 3 of 15 Exercise Workflow Exercise Deliverables Deliverables are consolidated into one worksheet at the end of this exercise. For this exercise you will need the following deliverables. In the System: View GL Account – Bank View P/L Account – Supplies Expense. On Paper: Answers to the Questions You may be assigned additional deliverables. Make certain to check with your instructor. In this step, you will view the Bank account in the General Ledger. The General Ledger displays the current balance of the account, as well as the individual transactions. Step 1.1: Navigate to the transaction to review balance sheet
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 15

Exercise 03-01 Review Financial Accounting Master Data MCC V2-0

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online