Olympic Sport Club Chart of Olympic Sport Club Chart of AccountsAccounts

Advance JournalAdvance Journal

Olympic Sport ClubOlympic Sport Club

Set of BookSet of Book

- Chart Of Account- Chart Of Account : 4 Segments

Branch / Department / Account / Line of Business

- Calendar- Calendar : JAN09 – DEC09

- Currency- Currency : THB

1. Recurring Template

You are requested from Chief Accountant to create recurring template for month-end usage as following:

1.1 Blank Template for PTD 1.1 Blank Template for PTD entry of Headcounts for entry of Headcounts for each Branch and each Branch and DepartmentDepartment

1900 Headcount

Note:1900 as Headcount codeNote:1900 as Headcount code

Enter headcount for each branch and Enter headcount for each branch and departmentdepartment

(specify only debit column)

1.2 Chief Accountant of 1.2 Chief Accountant of Bangkok office also want to Bangkok office also want to generate Accrued Rent generate Accrued Rent Expenses from Recurring Expenses from Recurring Journal Template amount Journal Template amount 120,000 baht every month-120,000 baht every month-end end

Dr Rent Expense (5200)Dr Rent Expense (5200)120,000120,000

Cr Accrued Rent Expenses Cr Accrued Rent Expenses (2200) (2200) 120,000 120,000

DDrr

CCrr

Note:Note:525200 as Rent Expenses00 as Rent Expenses

Note:2200 as Accured Rent Note:2200 as Accured Rent ExpensesExpenses

1.3 Moreover, Japan Accountant 1.3 Moreover, Japan Accountant needs Recurring Journal needs Recurring Journal Template to auto calculate Template to auto calculate Reserve Insurance Fee for Reserve Insurance Fee for Trainer staff under account 5400 Trainer staff under account 5400 Accidental Insurance fee. Budget Accidental Insurance fee. Budget is 1,240 THB/person/month is 1,240 THB/person/month

Note:5400 as Accidental Note:5400 as Accidental Insurance feeInsurance fee

Note:2300 as Reserve Insurance Note:2300 as Reserve Insurance FeeFee

2. Mass Allocation JournalOlympic Sport Club purchase bulk health insurance

policy for whole worldwide staff from global Insurance firm called Dubai Global Insurance (DGI). DGI will charge Olympic Sport Club for annual insurance premium by evaluates total headcount and risk factors. Then finance-administration department will allocate the insurance premium proportional to each branch base on their headcount number month by month.

Annual insurance premium amount 46,700 USD for 2009 had paid to DGI since 1 June 09. Accountant will recognize monthly insurance expenses evenly.

2.1 Create necessary Nov 2.1 Create necessary Nov 09 Basic Journal 09 Basic Journal transactions transactions

Note:6500 as Health insurance expenseNote:6500 as Health insurance expense

2.2 Mass Allocation Journal 2.2 Mass Allocation Journal Template to allocate Insurance Template to allocate Insurance Premium Expenses for each Premium Expenses for each monthmonth

2.3 Generate Mass 2.3 Generate Mass Allocation journal for Nov Allocation journal for Nov 0909

End