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Frameworx Application: General Ledger

Category: (3) TAM Application Type

Application Identifier: 9.3.1.1

Maturity Level: 4

Overview

General Ledger applications provide the required functionality to create a book of final entry summarizing all of a company's financial transactions, through offsetting debit and credit accounts.

Functionality

General Ledger functionality supports the following:

  • Tight internal controls and access to legal entity and ledger data

  • Maintenance of the Chart of Accounts and General Ledger reporting structures

  • Compliance with multiple legislative, industry or geographic requirements

  • Spreadsheet integration for journals, budgets, reporting, and currency rates

  • Multi-ledger financial reporting for real-time, enterprise-wide visibility

  • Robust drilldowns to underlying transactions

  • Automated month-end close processing

Supported Business Services

(3) TAM Application Type General Ledger

Appears on these diagrams:


This was created from the Frameworx 16.0 Model


Created from the TM Forum Model Frameworx 16.0.0 on 6/13/2016 at 22:32