General Ledger Overview

  • 5.0
  • Teacher: TechnoFunc
  • Released: 2022-10-16 01:59:28
  • Level: Beginner
  • Duration:
  • Price: $
Certificate:

Must complete all lessons

General Ledger Overview

Free for members

In this course, we will help you understand the basic accounting concepts and expose you to the general ledger process of entry of journals, review, posting summarization, reconciliation, and finally reporting and closing of an accounting period. This course will help you understand the fundamentals of an effective automated general ledger system and subsequently explain all the important GL concepts including how to analyze a transaction, record it in the appropriate journal, and then post it to the ledgers.

The General ledger process refers to the maintenance of the general ledger right from a recording of transactions to the preparation of unit trial balances and reporting of the company’s consolidated financial results. Bookkeeping is a critical accounting activity that provides the solid financial foundation on which an organization stands. The correctness and integrity of the financial statements that an organization produces largely depend on the correctness and integrity of its bookkeeping activities. Entry of Journals and review and posting to ledgers are the two core bookkeeping activities. The journals are where all transactions are first recorded on a daily basis. Information from a journal is then posted to the ledgers to update each account. Various accounts in the ledgers are then summarized, tested, validated, and used for producing financial statements at the end of an accounting period.

The student will learn the concept of General Ledger and its role in any automated accounting packages including ERP like Oracle and SAP. We will understand what we mean by General Ledger, what the functionalities offered by General Ledger are, and the financial processes that happen in GL. This course will provide the students with an understanding of the key functional areas of any General Ledger System and will be beneficial to any professional working on a project that includes General Ledger. The intended audience for this tutorial is anybody who wants to understand the overview of GL irrespective of his finance background. For IT and project management professionals this overview lesson relates the GL concepts to automated accounting systems.

 

Who should take this course?

This course is suited for anyone who may or may not have a background in accounting but wants to learn some of the most important skills for a better understanding of the way the General Ledger system and process work in any organization.

Students, Entrepreneurs, Managers, Functional Consultants, Project Managers, and anyone who wants to learn the most important general ledger functions.

Free for members

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