IFS Financials - Financial Analysis

ABOUT THIS COURSE

This is one of the courses towards gaining the IFS Certified Specialist accreditation for Consultants. It enables students to cover and prepare all of the examination specification topics for the Financial Analysis exam.

Target Audience

Those who need to identify and state the essential decisions to be made, basic data to be created and processes involved in the Financial Analysis in support of IFS Financials in IFS Applications™.

  1. Internal Ledger
  2. Automatic Posting Rule
  3. Transfer of Transactions
  4. Reconciliations
  5. Account Matching
  6. Bank Reconciliation
  7. Tax Ledger Reports
  8. Currency Revaluation
  9. Period Close and Year End Close
  10. Consolidated Accounts
  11. Commitment Accounting
  12. Cash Flow Analysis
  13. Accounting Structures
  14. Financial Lobby

At the end of this course, the students will be able to:

  • Demonstrate how the Internal Ledger operates 
  • Set up Automatic Posting Rules 
  • View transactions from within other IFS modules
  • Transfer transactions from other IFS modules
  • Correct errors that have occurred on transactions from other IFS modules
  • Reconcile Accounts Receivable, Accounts Payable, Inventory and GRNI
  • Perform a Bank Reconciliation
  • Create Tax Ledger reports 
  • Update Currencies and run the Currency Revaluation
  • Create a Periodic Cost Allocation
  • Close a Period and run the Year End process
  • Demonstrate how the Consolidated Accounts process works
  • Show Commitment Accounting
  • Create a Cash Flow forecast
Knowledge: Perfect understanding of the accounts business processes.

Courses: IFS Fundamentals, Accounts Payable,  Accounts Receivable

Exams: IFS Fundamentals, Accounts Payable,  Accounts Receivable (recommended)

Inquire

IFS Academy Inquiry Text

Track:

  • Consultants

IFS Applications Version:

  • IFS Applications 10

Certification:

  • Specialist

Module:

  • IFS Financials

Course ID:

CS10FINFAS

Duration:

2