Summary and resources
The content in this module provided a comprehensive overview of various financial and accounting concepts and processes in an organization. It began with explaining the Chart of Accounts (COA), which is an organizational tool that provides a breakdown of all the financial transactions conducted during a specific accounting period. It then discussed the main accounts, ledger, balancing financial dimension, and journal setup. The content also explained the concept of a fiscal calendar, which provides the base for the financial activity of an organization.
Now that you reviewed this module, you should be 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.
Resources
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