GL Master Data

What is master data?

• is a record with information about account

• defines how business transactions are posted on GL accounts

• defines how the posting data is processed

Which accounts are part of the Balance Sheet

• Assets accounts

• Revenue accounts

• Liabilities accounts

• Equity accounts

Which accounts are part of The Profit & Loss

• Asset accounts

• Revenue Accounts

• Expense Accounts

• Liabilities Accounts

Whats is SCOA?

• Standard Chart of Accounts

• Secondary Cost of Accounting

• Standard Center of Accounting

Account classes started with 1-3 belongs to...

• Profit & Loss

• Balance Sheet

Account classes started with 4-9 belongs to ...

• Balance Sheet

• Profit & Loss

What are the consequences if mapping is done on wrong group account?

• no consequences

• data on wrong reporting account

• data cannot be cleared

Please choose correct synthetic accounts

• Direct account

• Customer account

• Reconciliation account

• Supplier account

Please choose correct analitycal account

• Customer Account

• Direct Account

• Supplier Account

• Reconciliation Account

Group Accounts might be

• Tagetik accounts with 10 digits

• ECCS accounts with 8 digits

• Tagetik accounts with 8 digits

• ECCS accounts with 10 digits