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 a company's assets, liabilities, and capital.
In this module, you learn about the chart of accounts, and then explore the various types of financial dimensions and how to set them up. You also look at periodic financial processes, such as financial period closes, and financial consolidation.
Learning objectives
By the end of this module, you're able to:
Describe chart of accounts, including main accounts.
Describe the concept of a fiscal calendar.
Describe financial dimensions and dimension sets concepts.
Describe the accounting structure.
Describe journaling concepts.
Describe periodic financial processes.