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Course Description

This course is currently in development and is expected to launch in late March 2020.

This 15-hr course provides students with the tools to set up the financial management application area. The focus is on the key financial functions within the organization such as the Cash Management, the management of VAT, Journal development and transactions, the General Ledger, and Receivables and Payables Management. Additional advanced financial functions are explored such as multi-currency, budgets and financial reporting.

This course is intended for individuals that plan on implementing the Finance module. The typical student has an ERP background and has a basic understanding of accounting principles.

Key concepts covered include:

  • Finance Management Setup
  • Chart of Accounts
  • General Journals
  • Cash Management
  • Bank Reconciliation
  • Payment discounts and payment tolerance
  • Reminders and Finance Charge Memos
  • VAT
  • Prepayments
  • Year end closing procedures

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