INPUT TO PROCESS TO OUTPUT

 Understand the operational features of the General Ledger System(GLS), financial reporting
system(FRS), and management reporting system(MRS).
 Be able to identify the principle operational joysticks governing the GLS and FRS.
 Know the impacts that influence the design of the MRS.
 Comprehend the elements of a responsibility accounting system.
 Be familiar with the financial reporting issues surrounding XBRL.
 General ledger systems should:
o Collect transaction data promptly and accurately.

o Classify/code data and accounts.

o Validate composed transactions/ continue accounting controls (e.g., debits =

credits).
o process transaction data

 support transactions to proper accounts

 inform general ledger accounts and transaction files
 greatest adjustments to accounts
o Collection transaction data.

o Produce timely financial reports.