IFS Financials - General Ledger


This course provides a comprehensive understanding of the General Ledger functionality of IFS Financials related to the IFS Applications. This is also one of the courses towards gaining the IFS Certified Practitioner accreditation for Financials Consultants. It enables students to cover and prepare the General Ledger specification topics for “IFS Practitioner Consultant - Financials” 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. User Data 
  3. Chart of Accounts and Code String 
  4. Accounting Calendar
  5. Currencies, Tax Codes and Payment Terms
  6. Voucher types
  7. Posting controls
  8. Manual Vouchers
  9. Update General Ledger
  10. General Ledger Analysis

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

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

Knowledge: Perfect understanding of the accounts business processes.

Courses: IFS Applications 10 Essentials


IFS Academy Inquiry Text


  • Consultants

IFS Applications Version:

  • IFS Applications 10


  • Practitioner


  • IFS Financials




Classroom - 1 day, Virtual Classroom - 2 sessions (of 4 hours)