General Ledger Concepts
This section is intended to introduce advanced general ledger concepts to the learners. Those who want to work on automated general ledger systems or in ERP environment where GL is implemented, as a user, implementer, developer, tester or any other role which expects them to interact with General Ledger, this section will provide them with the advanced knowledge about the key concepts in General Ledger. These concepts relate to functionalities, operations as well as implementation considerations. Perquisite for this course is the basic understanding of accounting and general ledger that can be gained by learning the articles clubbed under “Introduction to General Ledger” sub-section.
After going through this section, the learner will have a thorough understanding of the building blocks of a good and effective General Ledger system along with the key functional areas of any General Ledger System. This section will be of immense value to any professional working on a project that includes General Ledger.
All accounting systems, including ERPs comes with a large range of features that are optional, but can make the system more usable and accurate providing enhanced business functionalities. Reviewing and understanding the concepts given here will help the learner understand the business logic behind many such concepts and can help learners implement and use them in real business world
The intent of this section is not to gloss over what a Ledger is or what some of its new features provides; it is to give detailed insight into how to effectively use some advanced concepts to process transactions to effectively meet company’s specific business needs.