Understanding Journal Entries, the third workshop in the RIT Accounting Practices, Procedures & Protocol series, will provide attendees with information about what journal entries are and what they are used for. Attendees will learn the difference between a debit and a credit, the required elements of a journal entry, Oracle system generated journal entries, journal entry documentation requirements, as well as what Accounting looks for prior to posting journal entries to the ledger. In addition, transfer journals and chargebacks will be discussed. This class is designed to compliment, not replace, the Oracle Journal Entry Course that teaches users how to prepare on-line journal entries in the Oracle General Ledger application. Employees who reconcile department and project statements and who are required to make corrections to transactions on the general ledger should attend this class.
Prerequisite: Accounting Practices, Procedures & Protocol Workshop I: Introduction to Accounting.
* Completion of this course is required to obtain your Accounting Series Certificate of Completion.
This session is supported by the RIT Accounting Department.