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The system can be
operated as a single or multi-company system. In larger
corporations with independent divisions or sub-companies
multi-company processing offers a large degree of
flexibility.
·
Each company has its own
name.
·
A company may have up to
six organizational levels and the field sizes for
organizational levels 3-7 are an installation option.
·
A company may have up to
five user fields, which may be used as additional
organizational levels, or to further identify or
describe a project, work unit, or detail item. The usage
of these five fields is completely user-defined.
·
A company can calculate
capitalized interest costs using a weighted average
interest rate, The Capitalization Rate, subject to the
actual interest cost incurred in the period. This
calculation conforms to FASB Statement 34 Capitalization
of Interest Cost.
·
A company can calculate
Investment Tax Credits for qualified progress
expenditures on property taking two or more years to
construct and with an expected useful life of seven or
more years.
·
A company can have either a
12-month or 13-period fiscal year.
·
Each company has a current
processing date and a fiscal accounting period which
allows distinguishing between calendar year end and
fiscal year end.
·
A company may have a status
of active, on hold, or deleted. No system processing
occurs unless the company is active.
The following company
controls are established at the company level and can be
maintained through transactions entered either online or
in batch without programming changes.
*
Company Name
*
Company Run Control
*
Company Controls
*
Report Controls
*
Report Subtitle
*
Report Selection
*
Report Century Print
*
Distribution Pattern
*
General Ledger Controls
*
General Ledger Journal
Identifier
*
General Ledger Accounting
Rules
*
General Ledger Journal
Overrides
*
General Ledger Account
Numbers
*
Expenditure Close Threshold
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