The top management team at Olympia, Inc., wishes to have real-time access to the general ledger. Currently
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The top management team at Olympia, Inc., wishes to have real-time access to the general ledger. Currently the general ledger is updated nightly via a batch processing system, similar to Figure in the text. Adjust Figure to accommodate this request by top management, assuming that the nightly updates to the general ledger aresufficient.
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FINANCIAL REPORTING PROCESS TPS, Daily Procedures GLS, Periodic (Hourly, Daily, Etc.) FRS, End of Period Balancos for Economic Event Pst Capaure 4 PostGanoral Prepare Post Closing Tra Vouchar 0 Closing Vouchar tod Trial Adjustod Tral Ba 9 Prepare Stataments Propara Entrios and Post to GL Lodgar
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