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Sample General Ledger Questions

This exhibit displays all of the questions asked in General Ledger, specifically those relating to the Chart of Accounts. As in the previous exhibit, the Enterprise Edition analyzes all of these questions, while the Standard Edition does not, and you can see from this exhibit the difference.

The Accounting Library

Sample Questions

Standard Edition vs. Enterprise Edition

General Ledger / Chart of Accounts	STD	C/S
Industry Specific Chart of Accounts	x	x
User Defined Segment Lengths	x	x
Delete Segment Not Required	-	x
Copy Range of Accounts to New Reporting Unit	x	x
User Defined Account Ranges	x	x
Copy Chart of Accounts to New:
Department	x	x
Profit Center	x	x
Company	x	x
G/L Account Code Supports:
Active Accounts	x	x
Inactive Accounts	x	x
Allocation Accounts	x	x
Accrual Accounts	x	x
Inter-Company Accounts	x	x
Event/Project Costing Accounts	x	x
Statistical Accounts	x	x
Supports Budget Groups	-	x

General Ledger / Chart of Accounts
Define Separately Major Structures for:	STD	C/S
Divisions	x	x
Departments	x	x
Operating Units	x	x
Regions	-	x
Profit Centers	-	x
Cost Centers	-	x
Budget Groups	-	x
Projects	-	x
Activities	-	x

Define Valid Accounts for Reporting Units:
Define Table of Valid Accounts	-	x
Delete/Add Accounts Automatically	-	x
Copy Table to New Reporting Unit	-	x
Define Major Structures Using Tree Diagram	-	x
Define Reporting System Using Tree Diagram	x	x

General Ledger / Chart of Accounts
Consolidate/Split Reporting Units:	STD	C/S
Consolidate Reporting Units	-	x
Split Reporting Units	-	x
Manual Only Through Journal Entries	-	x
Automatic as New Structure Defined	-	x
Maintains Full Audit Trail and Validity Check	-	x
Allocation Account Processing:
Single Allocation	x	x
Waterfall to Other Allocation Accounts	x	x
Percentage Allocation	x	x
Dollar Allocation	x	x
Supports User Defined Formulas	-	x
Forces Zero Ending Balance	x	x
Allocation Formulas Based Upon:
G/L Financial Accounts	x	x
Statistical Accounts	x	x
Budget Accounts	-	x
Sub-Ledger Totals	-	x
Sub-Ledger Field Values	-	x
Beginning Account Balances	-	x
Ending Account Balances	-	x
Average Account Balances	-	x
Net Account Balance Change	-	x
Values Imported From Third Party Applications	x	x
User Defined Constants	-	x
Step Threshold Values	-	x
Complex Multiple Factor User Defined Formulas	-	x

General Ledger / Chart of Accounts
Supports Amortization Tracking Routine:	STD	C/S
Maintains Separate Files for Each Item	x	x
Print Multi-Column Summary for Current Year	-	x
Print Tables of Expenses for Each Item	x	x
Post Expenses Automatically Each Period	x	x
Supports Prepaid Expense Tracking Routine:
Maintains Separate Files for Each Item	x	x
Print Multi-Column Summary for Current Year	-	x
Print Tables of Expenses for Each Item	x	x
Post Expenses Automatically Each Period	x	x
Supports Multiple Account Levels	x	x
Segregate Subsidiary Schedules	x	x

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