IMPORTANT |
It is extremely important that you set up and work within your own
company to maintain your data integrity. If you work within any
other company, your exercises will not function as intended and the data
of other students might be affected. Predictable exercise results
require that your data be isolated in your own company.
The data used in this exercise comes from Company 10 in the RACE database. Account descriptions have been added in case you are using a company with a different chart of accounts. |
Purpose: The purpose of these exercises is to show you how to set up the basic data for structure. The exercises are based on the example in the slide presentation.
Purpose: The purpose of this exercise is to show you how to define the code part values that will be used in the structure if they have not already been entered. In this example, Code Part B will be used and it represents the company's cost centers or departments.
Windows:
Code Part Values
Cost Center Description CHI Chicago MIL Milwaukee TUC Tucson SAN San Jose
Purpose: The purpose of this exercise is to show you how to define a structure. The exercises are based on the example in the slide presentation.
Windows:
Internal Elimination Structure
Name Description Code Part Internal Elimination Structure Region Region 1 B Not Checked
Level Description Level Above TOP Top Level REGION Region Level TOP
Node Description Level Node Above TOP Top Node TOP EAST EAST REGION TOP WEST WEST REGION TOP
Code Part Value Node CHI EAST MIL EAST TUC WEST SAN WEST
Before you begin these exercises, you need to know how to enter manual vouchers and update the general ledger. This information is provided in the following lesson:
Note: Because only one elimination structure can be used at a time, make sure that you are using your own company.
Purpose: The purpose of this exercise is to show you how to create a
manual voucher with transactions that will post to the cost centers.
Windows:
Voucher Entry
Account Cost Center Debit Currency Amount Credit Currency Amount 1912 (Cash Account) 5,150 1913 (Cash Account) 7,000 3011 (Taxable Sales Account) CHI 3,000 3011 (Taxable Sales Account) MIL 4,000 3011 (Taxable Sales Account) SAN 2,150 3011 (Taxable Sales Account) TUC 3,000
Purpose: The purpose of this exercise is to demonstrate using a structure in financial reporting. Structure can be used in the report generator, but also in Crystal reports or any other external reporting tool.
Windows:
Order Reports