Initial Exercises—Budgeting
Initial Exercises
Purpose: The purpose of these exercises is for
the
instructor to
demonstrate the basic functionality in Budgeting, which entails:
Note: Before you begin the initial exercises, enter the information
from the table below. Use company 15, FS Racing Sweden.
Windows:
Budget Versions
| Ledger Type |
Budget Year |
Budget Version |
Description |
| General Ledger
|
2000
|
2000 D1
|
*
|
Purpose: The purpose of this exercise is to show you how
to enter budget
values for a year using several parts of the chart of accounts and an allocation
key.
Windows:
Budget Year Amount
- Query for Budget 2000 D1.
- Add new budget rows using the information in the table below.
| Account |
Amount |
Quantity |
| 7210
|
7000
|
|
| 4700
|
–8700
|
|
| 4900
|
–2000
|
11
|
- Save your changes.
- Right-click and then click Allocate All Year Values. The value type
for all rows changes to Allocated. The amounts are distributed
evenly (1/12 for each period).
Purpose: The purpose of this exercise is to show you how
to verify your
allocated annual amounts in the different periods.
Windows:
Budget Period Amount
- Query for Budget Version 2000 D1.
- Several lines are displayed on the screen. These lines are ordered by
account and
then by period, starting with Account 4700 and Period 1.