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Who Cares? Anyone concerned Underestimation of about the the Acid-Production environmental effect or overestimation of from mines Neutralization Those responsible for Potential can lead to storing overburden, incorrect decisions waste rock, and other regarding treatment or mine-waste materials storage. Acid-Base Accounting: What is it? Acid-Base Accounting Minerals in waste (ABA) is the balance material Continue to download »

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In order to be compliant with GAAP (Generally Accepted Accounting Principles), the University must include in its financial statements all expenses that are incurred during the year, as well as all income earned during the year. This requires that we process “accruals” for payables and receivables that are outstanding at June 30. What is an accrual? When you pay a bill, the expense is recorded in the General Ledger; when you receive Continue to download »

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In general, the term ‚profit’ stands for the difference between revenue and costs. However, for one and the same activity, profit does not necessarily have to be the same number under different points of view. Different accounting standards (like US GAAP and IAS) or special regulations for taxation make organizations display different profits in financial statements for different purposes.  On top of that, profit from the accountant’s point of view is not equal to profit from the economists point of view. This difference Continue to download »

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Introduction Not for Profit Accounting includes four modules: Grant Management, Interfund Management, Encumbrance Management, and Control Account Management. Interfund Management is registered when you register Intercompany Processing. Control Account Management is registered when you register Payables Management, but also requires that you use the Microsoft Dynamics™ GP Analytical Accounting module. You can select to install one or more Not for Profit  Accounting modules in the Continue to download »

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Transfer Travel Expenses to Accounting Use Using the ALE business process, you can transfer the travel expenses results from the R/3 Travel Management system to a separate R/3 Accounting system, in order to use these results for external (Financial Accounting) and internal (Controlling) accounting processes. The goal of the entire business process is to attain Continue to download »