Introduction
Finance provides fast, dependable, and comprehensive accounting, financial reporting, and analysis. It manages the accounting processes involved in classifying, sorting, storing, and summarizing financial transactions related to company's assets, liabilities, and capital.
In this module, you discover the chart of accounts, and then explore the various types of financial dimensions and how they're set up. You also look at periodic financial processes, such as financial period closes, year-end 1099 reporting, and financial consolidation.
Learning objectives
By the end of this module, you're able to:
Describe chart of accounts, including main accounts and classification.
Describe financial dimensions and dimension set concepts.
Describe periodic financial processes.
Describe journaling concepts.