ERP Accounting

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Programme[edit]

This is a module part of the Open Source ERP/Executive Masters course conducted by a private university.

Subject[edit]

ERP Accounting - From Basics to Financial Management

Objectives[edit]

The objectives of this subject are:

  • To grasp the core Accounting Principles behind ERP processes
  • To appreciate the global different localisation on Accounting
  • To know the Accounting Consequences of the main Document Types
  • To understand the Financial Management needs and issues of ERP

Learning Outcomes[edit]

On completion of this subject the students shall be able to:

  • Demonstrate basic simple accounting equations
  • Perform GL Journal entries in the ERP application
  • Trace the Accounting Consequence of each document process in ERP
  • Troubleshoot and suggest modifications to the accounting model
  • Produce Financial Reports from the ERP System

Sypnosis[edit]

This subject handles just enough accounting and financial aspects of the ERP system. It covers the supply chain accounting consequences, where the ERP produces a complete balanced set of financial reports for periodic as well as regulatory purposes.

Subject Details[edit]

Basic Accounting[edit]

(15 hrs)

  • ^1 - Concept of ERP Accounting (Perpetual, and Default Accounts Posting)
  • ^2 - Accounting Equation and Its Transactions (Assets, Liabilities, Revenues, Costs)
  • ^3 - Basic trial balances, T-accounts and drawing up simple accounts

Accounting Setup[edit]

(20 hrs)

  • ^4 - Commitment and Accrual Accounting
  • ^5 - The Chart of Accounts
  • ^6 - Accounting Schemas
  • ^7 - Budgetary Planning

Accounting Consequence[edit]

(20 hrs)

  • ^9 - Accounting Types
  • ^10 - Document Type concept
  • ^11 - Integration of AR / AP in ERP
  • ^12 - Source Code Classes

Account Viewer[edit]

(15 hrs)

  • ^13 - Account Type
  • ^14 - Summary and Groupings
  • ^15 - Dimensions

Project Accounting[edit]

(20 hrs)

  • ^16 - Acitivity Based Accounting
  • ^17 - Project Code
  • ^18 - RFP and Tender Handling
  • ^19 - e-Bidding and e-Marketplace

GL Journal[edit]

(15 hrs)

  • ^20 - Double Entry via Journal Batches
  • ^21 - Processing Batches
  • ^22 - Journal Proof

Product Assets[edit]

(15 hrs)

  • ^23 - Type of Assets
  • ^24 - Fixed Assets Accounting
  • ^25 - Production Assets Accounting
  • ^26 - Assets Maintenance

See Also[edit]