IFS Financials - General Ledger


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 General Ledger exam.


Those who need to be able to identify and state the essential decisions to be made, basic data to be created and processes involved in the setting up of Accounting and General Ledger in support of IFS Financials in IFS Applications™.

  1. Company Creation
  2. Chart of Accounts and Code String
  3. Posting controls
  4. User Data
  5. Voucher types
  6. Accounting Calendar
  7. Currencies, Tax Codes and Payment Terms
  8. Manual Vouchers
  9. Cash Box
  10. Update General Ledger
  11. General Ledger Analysis

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

  • Create a Company
  • Define the Chart of Accounts and Code String
  • Set up Posting Control
  • Set up User Groups, Voucher Types and Accounting Calendar
  • Set up Currency Rates, Tax Codes and Payment Terms
  • Create and post a Manual Voucher
  • Use the Cash Box
  • Update the General Ledger from the Hold Table
  • Analyze results in the General Ledger

Knowledge: Perfect understanding of the accounts business processes

Courses: IFS Fundamentals

Exams: IFS Fundamentals (recommended)


IFS Academy Inquiry Text



  • Consultants


  • Specialist




1 Day