General Ledger and Single Company Code
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Name(s): Course & Selection: Identifier: Client:
Rachel Song BCIS6243B2
GBI-034
659
Chapter 03: Financial Accounting Exercise 03-02: Basic Financial Accounting Process Single Company Code Version 1 Rev: 01/03/2011
Introduction
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 text box prompts you to type-in an important piece of information. Each student or group will be assigned a unique three 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
The financial accounting process allows GBI to pay vendors for services or materials acquired. This process can be used to pay for liabilities that GBI has incurred due to normal operations. This exercise is about paying off liabilities within the accounting statements.
Chapter 04
Save Reset Print Chapter 03: Financial Accounting Exercise 03-02
Exercise 04-02 Exercise Prerequisites Chapter 04: ProcurementFinancial Accounting Master Data-SCC Exercise 3-1 Process Exercise 04-02: Basic Procurement Process Exercise Single Company Code Workflow
Invest in GBI View Account Balances Purchase Supplies for Cash Purchase Supplies Via Payables Misc. Pay Rent
Exercise Deliverables
Deliverables are consolidated into one answer sheet at the end of this exercise. For this exercise you will need the following deliverables.
In the System:
Journal Entries
On Paper:
Document numbers for each step. Answers to the Questions
You may be assigned additional deliverables. Be sure to check with your instructor!
Page 2 of 17
For
Reset
Name(s): Course & Selection: Identifier: Client:
Rachel Song BCIS6243B2
GBI-034
659
Chapter 03: Financial Accounting Exercise 03-02: Basic Financial Accounting Process Single Company Code Version 1 Rev: 01/03/2011
Introduction
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 text box prompts you to type-in an important piece of information. Each student or group will be assigned a unique three 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
The financial accounting process allows GBI to pay vendors for services or materials acquired. This process can be used to pay for liabilities that GBI has incurred due to normal operations. This exercise is about paying off liabilities within the accounting statements.
Chapter 04
Save Reset Print Chapter 03: Financial Accounting Exercise 03-02
Exercise 04-02 Exercise Prerequisites Chapter 04: ProcurementFinancial Accounting Master Data-SCC Exercise 3-1 Process Exercise 04-02: Basic Procurement Process Exercise Single Company Code Workflow
Invest in GBI View Account Balances Purchase Supplies for Cash Purchase Supplies Via Payables Misc. Pay Rent
Exercise Deliverables
Deliverables are consolidated into one answer sheet at the end of this exercise. For this exercise you will need the following deliverables.
In the System:
Journal Entries
On Paper:
Document numbers for each step. Answers to the Questions
You may be assigned additional deliverables. Be sure to check with your instructor!
Page 2 of 17
For