Replaced by set of courses 66110-66112

Course Code NGE64115

Contents

1. Contents
2. Description
3. Audience
4. Prerequisites
5. Objectives
6. Topics Include
7. Duration
8. Minimum Requirements
9. Media

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Description

This course covers foreign and multiple currency concepts and the procedures for creating foreign currency journals, revaluing and translating foreign currency balances, and reporting in multiple currencies. This course also covers the procedures for setting up Global Intercompany System and Global Consolidation System, performing intercompany transactions, setting up intercompany balancing, and managing consolidation.

Audience

The audience for this course is professionals of 0-6 years experience who are managing accounts and finance for multinationals, corporate sectors, small, medium and large-scale industries, and banking organizations.

Prerequisites

(Currently no course prerequisite information)

Objective

• Identify the foreign currency concepts used.
• Complete the process flow diagram for defining a nonISO currency.
• Define conversion rate types by using the Conversion Rate Types form.
• Match the GIS features with the situations in which they are relevant.
• Sequence the steps in the GIS accounting cycle.
• Define a subsidiary by using the Subsidiaries form.
• Match the components of the State Controller navigation tool with the functionality that the components provide in a specified scenario.
• Create a mapping set by using the Consolidation Mapping Sets form.
• Transfer consolidation data by using the Transfer Consolidation Data form.

Topics Include

Unit 1: Foreign Currency and MRC: An Overview

• Identify the foreign currency concepts used.
• Complete the process flow diagram for defining a non-ISO currency.
• Define conversion rate types by using the Conversion Rate Types form.
• Record daily rates by using the Daily Rates form.
• Record period rates by using the Period Rates form.
• Record historical rates by using the Historical Rates form.
• Create a foreign currency journal by using the Journals form.
• View foreign currency balances by using the Account Inquiry form.
• Complete the revaluation process flow diagram.
• Revalue account balances by using the Revalue Balances form.
• Post a revaluation journal batch by using the Post Journals form.
• Reverse revaluation journals by using the Automatic Reversal Program.
• Identify the translation rule used.
• Translate account balances by using the Translate Balances form.
• Identify the situations in which MRC is used for reporting transactions.
• Set up MRC by using the Assign Reporting Sets of Books form.
• Create opening balances in a reporting set of books by running the MRC Setup - Create Opening Balance Journals in Reporting Books Program.
• Sequence the end of period tasks that form the MRC cycle.
• Complete the process flow diagram for reporting in multiple currencies in compliance with the SFAS 52 standard.

Unit 2: Global Intercompany System

• Match the GIS features with the situations in which they are relevant.
• Sequence the steps in the GIS accounting cycle.
• Define a subsidiary by using the Subsidiaries form.
• Define an intercompany transaction type by using the Intercompany Transaction Types form.
• Define an Intercompany Clearing account by using the Intercompany Clearing Accounts form.
• Identify the AutoAccounting rule used in a specified situation.
• Define a clearing rule for the sender of a transaction by using the Sender Clearing Rules form.
• Define a distribution rule for the receiver of a transaction by using the Receiver Distribution Rules form.
• Define a clearing rule for the receiver of a transaction by using the Receiver Clearing Rules form.
• Identify the causes of account generation problems in a specified scenario.
• Record an intercompany transaction by using the Enter Intercompany Transactions form.
• Define a recurring intercompany transaction batch by using the Define Recurring Intercompany Transaction Batches form.
• Import an intercompany transaction by using the Import Intercompany Transactions Program.
• Manage an intercompany transaction by using the Enter Intercompany Transactions form.
• Transfer an intercompany transaction to OGL by running the Intercompany Transfer Program.
• Match the activity performed by GIS to prevent out-of-balance conditions with the situation in which it is used.

Unit 3: Global Consolidation System

• Match the components of the State Controller navigation tool with the functionality that the components provide in a specified scenario.
• Create a mapping set by using the Consolidation Mapping Sets form.
• Transfer consolidation data by using the Transfer Consolidation Data form.
• Create an elimination set by using the Elimination Sets form.
• View subsidiary account balances by using the Account Inquiry form.

Duration

8

Minimum Requirements

The CDROM version of this course requires:

• At least a 486DX 33Mhz CPU.
• Microsoft Windows 3.1 or higher and a Microsoft compatible mouse.
• At least 8MB RAM.
• At least VGA graphics capability with a minimum 512K video RAM (1MB video RAM recommended).
• At least a double speed CDROM drive.
• An MPC compliant sound card with attached speakers or headphones is recommended (Currently, only the CDROM version supports audio).

• At least a 486DX 33Mhz CPU.
• Microsoft Windows 3.1 or higher and a Microsoft compatible mouse.
• At least 8MB RAM and 22MB available hard disk space or file server space.
• At least VGA graphics capability with a minimum 512K video RAM (1MB video RAM recommended).

Media

CDROM