notes/accounting/role.md

Deriving The Trial Balance

• Entries and reocniliations
  • Payroll
    • Data: Retain all payroll data in a database to build entries
    • Mappings: Configure Paycom GL Interface
    • 401k: book disbursements and reconcile to Paycom withholdings
    • FSA: book FSA funding entries and reconcile to Paycom withholdings
  • Debt & Cash
    • Data: retain all PNC information available in a database to build entries (cash, revolver, debt)
    • Book all PNC loan activity
    • Book interest on notes
    • Reconcile all balance sheet debt
    • Book interest rate swap valuation
    • Bank Rec:
      • book entry to break out freight checks
      • book entries to clean up missed fees
      • book entries to deal with miscelaneous discrepencies
      • book entry to classify outstanding checks as liabilities
  • Intercompany Activity
    • Support transfer pricing entry
    • Book consolidating entries
    • Book currency translation adjustment for consolidated USD trial balance
    • Reconcile CTA & Equity
    • Reclassify any intercompany liabilites out of the trade accounts
    • Validate that intercompany balances are eliminated from consolidated trial balance
    • Other Balance Sheet Items
    • Book and reconcile amortization of intangibles
    • Book and reconcile amortization of defered financing costs
    • Book RSM determined tax provision and current year tax accrual
  • CMS Module Corrections
    • book entry to fix virtual sales
    • book entry to fix credits
    • furnish a report to the plants breaking out the book to perpetual issues
      • sales timing and valuation issues
      • cost roll impact
      • production ledger issues
      • voucher issues
      • issues with transfers
      • issues with returns
• Configuration
  • Module accounts (sales, inventory, production, manual adjustments, AP, AR, intecompany)
  • Chart of Accounts
    • EBITDA flags
    • consolidation flags
    • consolidation heirarchy
    • financial statement lines
    • currency indicator

Interpreting The Trial Balance

• Rebuild trial balance into alternate financial statement formats
• Rebuilt subledger that matches original ledger
• Rebuild production subledger that does not match original
• Sales Matrix
• A large number of reports that I can't even list but are maintained here

Forecasting

• Product Strucutre Explosion Logic
  • global scale cost change estimates
  • production plans
  • inventory forecasts
• Sales forecast tool