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GLsystem - INTRODUCTION The general ledger and reporting...

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9/27/11 INTRODUCTION The general ledger and reporting system (GLARS) includes the processes in place to update general ledger accounts and prepare reports that summarize results of the organization’s activities.
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9/27/11 INTRODUCTION One of the primary functions of GLARS is to collect and organize data from: Each of the accounting cycle subsystems, which provide summary entries related to the routine activities in those cycles. The treasurer, who provides entries with respect to non-routine activities such as transactions with creditors and investors. The budget department, which provides budget numbers. The controller, who provides adjusting entries.
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9/27/11 General Ledger and Reporting System Revenue Cycle Expenditur e Cycle Production Cycle Human Res./ Payroll Cycle Financing Cycle The Revenue Cycle Gets finished goods from the production cycle. Provides funds to the financing cycle. Provides data to the general ledger Finished Goods Funds Dat a
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9/27/11 General Ledger and Reporting System Revenue Cycle Expenditur e Cycle Production Cycle Human Res./ Payroll Cycle Financing Cycle The Expenditure Cycle Gets funds from the financing cycle. Provides raw materials to the production cycle. Provides data to the general ledger Funds Raw Mats . Dat a
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9/27/11 General Ledger and Reporting System Revenue Cycle Expenditur e Cycle Production Cycle Human Res./ Payroll Cycle Financing Cycle The Production Cycle: Gets raw materials from the expenditure cycle. Gets labor from the HR/payroll cycle. Provides finished goods to the revenue cycle. Raw Mats . Dat a Finished Goods Labo r
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9/27/11 General Ledger and Reporting System Revenue Cycle Expenditur e Cycle Production Cycle Human Res./ Payroll Cycle Financing Cycle The HR/Payroll Cycle: Gets funds from the financing cycle Provides labor to the production cycle. Provides data to the general ledger Labo r Funds Dat a
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9/27/11 General Ledger and Reporting System Revenue Cycle Expenditur e Cycle Production Cycle Human Res./ Payroll Cycle Financing Cycle The Financing Cycle: Gets funds from the revenue cycle. Provides funds to the expenditure and HR/payroll cycles. Provides data to Funds Dat a Funds Funds
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9/27/11 General Ledger and Reporting System Revenue Cycle Expenditur e Cycle Production Cycle Human Res./ Payroll Cycle Financing Cycle The General Ledger and Reporting System: Gets data from all of the cycles. Provides information for internal and external users. Information for Internal & External Users Dat a Dat a Dat a Dat a Dat a
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9/27/11 Ledger DATA STORAGE A ledger is a file used to store cumulative information about resources and agents.
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