FMS-SAP Rollout
(Journal Entry & Reporting)
November 09, 2011
Agenda
Agenda 1
Objectives
Agenda 2
Key Design Assumption
Agenda 3
Process/Sub-processes Design:
• Master Data Maintenance
• Capture Financial Transactions
• Month-end/Year-end Closing
• Financial Reporting
Agenda 4
• Key Design Issues/Concerns
• Next Steps
Objectives
• To present and discuss the SSI’s Journal Entry and Reporting “As-Is” and
“To-Be” Processes.
•To present the gap analysis that has been identified.
• To identify additional activities/scenarios that needs to be addressed
FMS Process Overview
Order to Cash
Requisition to
Payment
Journal Entry &
Reporting
Budgeting & Margin
Analysis
Financial Asset
Management
(Treasury)
Fixed Asset
Management
4
As-Is: Star Songs
Today’s Situation
•
The Financial Reporting (GL)
Section serves AFPI, SRI, and
SSI. There are eight (8) positions
under Financial Reporting but
currently only five (6) are in
placed.
•
Systems being used
recording of are:
in
AFPI
Supervisor
Financial
Reporting
the
AFPI
Financial
Analyst
SYSTEM
COMPANY
Invoice
Generation
Payment
Recording
AFPI
BDS* linked to
SAP
SAP
SRI/SSI
Biz Box
Biz Box
SRI/SSI
Supervisor
Financial
Reporting
AFPI
Jr.
Accountant
AFPI
Financial
Analyst
SRI/SSI
Financial
Analyst
SRI/SSI
Financial
Analyst
SRI/SSI
Financial
Analyst
Journal Entry & Reporting – As-Is Process Overview
ROHQ
Post Cash Receipts
Book
Star Songs, Inc.
Post Sales Register
Accrual Entries
Post Cash
Disbursement Book
Encode Reversal
Entries
Bizbox
Post Journal Entries
Bank Reconciliation
Prepares Adjusting
Journal Entries
Prepare Monthly
Schedules
Y
Statutory Reports
Generate Trial
Balance in CognosController
Encode Adjusting
Journal Entries
Generate and Print Trial
Balance and Financial
Reports
Check Balances
With errors?
N
Remapping of Trial
Balance
Consolidate FS in SRI
Consolidate FS
Management
Reporting
7
As-Is: Master Data Maintenance
The following are the master data currently being maintained in Bizbox by
General Accounting group.
• Chart of Account (COA) – GL account
• Center Group
• Cost Centers
As-Is: SSI COA Creation
Requestor
GL Finance Analyst
CFO
Review/
Verify
Request
Start
N
Email
Request
Complete
Data?
Approves
Creation of
New
Account
Y
-Maintain COA (GL
Account)
- Associate Center
Group to COA
Account description
 Nature of the account
Bizbox
End
Email
Completion
Of Request
 GL Account code
 Account classification
 Report Group (IS or BS)
 Account’s normal balance (dr/cr)
 Center Group
As-Is: SSI COA Creation
• Request for item creation of GL account or COA is done verbally or thru email. Request
should include: Account description and nature
• Accounts should be align to Star Records, since Star Song is consolidated based with Star
Records.
• Addition and/or changes to master data should be confirmed with the CFO through email or
verbal communication.
• Creation of GL account is being performed by GL-Finance Analyst in the Chart of Account
module in Bizbox by inputting the required information.
 Account code
Account classification
 Report Group (Income Statement or Balance Sheet)
 Account’s normal balance (dr/cr)
It is necessary to associate Center Group to GL accounts to limit the charging for control
purposes. Center Group is a system for classifying Cost Centers into groups.
• Currently, two Finance Analyst have an access to create and edit the COA module in Bizbox.
Gap Analysis
Issues/Concern
Risk/Impact
Proposed Solution
Request for new and to change
Master Data (GL account and cost
centers) are done through email or
verbally.
• Prone to human error
• Possibility of longer processing time
due to incomplete information provided.
• Since the approval are made either in
email or verbally, there was no tracking
who requested and who approve the
request.
On-line GL Master Data Maintenance
request and approval
The Company is not using the Chart
of Accounts of the Parent Company.
Difficulties in manual mapping of
accounts for consolidation purposes.
The Company shall use the chart of
accounts of the Parent Company. Necessary
accounts not yet existing will be created in
SAP.
As-Is: Capturing Financial Transactions
The following items are recorded in Bizbox:
• Sales Register by Billing/Revenue Section
• Cash Disbursement by Accounts Payable Section
• Cash Receipt by Treasury – ROHQ
• Manual Journal adjustment entries from Financial Reporting sections
and other sections.
• Journal entries from system generated transactions (e.i. bank
adjustments for reconciling items, clearing of released checks)
As-Is: Journal Adjustments - Manual
Preparer
Section Supervisor
Prepares
Journal Entry
Reviews
document
Reviews
Posted
JV
Supporting
Docs
N
Record/Edit
JV
GL Finance Analyst
Document
Complete?
Needs
Adjustment?
Bizbox
Y
Print JV and
forward to GL
Y
Post JV
Bizbox
N
File
Supporting
Docs
As-Is: Journal Adjustments – Auto Post
SSI Cashier
Create bank
adjustment for
reconciling
item
Clear released
Checks
ROHQ – Treasury
GL Finance Analyst
Clear collected
payment
SSI-TB Bizbox
Bizbox
Dr. CIB
Cr. Interest Inc.
ROHQ – Financial
Reporting
Bizbox
Dr. Vouchers Payable
Cr. CIB
Dr. Interest Exp
Cr. CIB
Dr. Wtax
Cr. CIB
Bank
Reconciliation
Bizbox
Dr. CIB
Cr. Undeposited Check/
Cash On Hand
As-Is: Journal Entry-Accrual
Preparer
Section Supervisor
Prepares
Accruals/
Adjustment
Reviews
document
GL-Finance Analyst
Reviews
Posted
JV
Supporting
Docs
A
N
Record/Edit
JV
Document
Complete?
Needs
Adjustment?
N
Bizbox
Process Payment
Y
Print JV and
forward to GL
Y
Prepare
RP
File
Supporting
Docs
Post JV
Bizbox
A
Accounts Payable
As-Is: Journal Entry-SRI Shared Expenses
GL Finance Analyst
GL Supervisor
Distribution of Cross Charges
Department
Calculate
Cross
Charges
Reviews
document
SRI-TB (Bizbox)
Record
JV
SSI- Bizbox
Post
JV
Accounts Payable
Prepare
RP
Publishing (Songs)
100%
Finance
20%
HR
20%
Management (fees)
20%
Journal Postings
Bizbox
Print
JV
Percentage
SRI Posting
SSI Posting
Manpower Cost (e.i.
Salary & Wages)
Interco ExpenseService Fee
Other GAEX (e.i. Rent,
Tel Charges, Insurance)
Interco ExpenseOthers
Depreciation Expense
Interco Expense –
Others Non-Cash
Management Fees
Management Fees
Process Payment
As-Is: Journal Entry-SRI Shared Expenses
Accounting Entries:
Transaction
Employee Cost
SRI
Dr. Salaries & Wages
100.00
Cr. Accrued Salaries & Wages
(100.00)
#
Dr. Due from SSI
20.00
Cr. Interco Expense-Service Fees (20.00)
SSI
Dr. Interco Expenses-Service Fees
Cr. Due to SRI
#
Payment to SRI:
Dr. Due to SRI
Cr. Vouchers Payable
GAEX (Cash)
Dr. Rent-Bldg Office space
100.00
20.00
(20.00)
20.00
(20.00)
Dr. Inter co Expense – Others
44.00
Dr. Tel. chages-domestic trunk
line
Dr. Tel. charges-cell phone
Dr. Insurance – Others
Cr. Due to ABS-CBN
#
Dr. Due From SSI
Cr. Interco Expense - Others
50.00
Cr. Due to SRI
(44.00)
50.00
20.00
(220.00)
44.00
(44.00)
#
Payment to SRI:
Dr. Due to SRI
Cr. Vouchers Payable
44.00
(44.00)
As-Is: Journal Entry-SRI Shared Expenses
Accounting Entries (con’t):
Transaction
Depreciation (NonCash)
SRI
Dr. Depreciation Expense
200.00
Cr. Accumulated Depreciation (200.00)
#
Dr. Due from SSI
40.00
Cr. Interco Exp - Other NonCash
(40.00)
SSI
Dr. Interco Expense - Others Non-Cash
Cr. Due to SRI
(40.00)
#
Payment to SRI:
Dr. Due to SRI
Cr. Vouchers Payable
Management Fees
Dr. Management Fees
Cr. Acrrued Exp
#
Dr. Due from SSI
Cr. Management Fees
100.00
(100.00)
20.00
(20.00)
40.00
Dr. Management Fees
Cr. Due to SRI
#
Payment to SRI:
Dr. Due to SRI
Cr. Vouchers Payable
40.00
(40.00)
20.00
(20.00)
20.00
(20.00)
As-Is: Month-End/Year-End Closing
I.
Ensure completeness of transactions for the period
(general journal books, sales book, cash receipts book and cash disbursement books)
II.
Reviews JV of other sections.
III. Ensure completeness of reversing entries in the accrual module.
IV. Generation of Trial Balance in Bizbox
•
TB was generated and extracted from Bizbox and consolidated in SRI.
V.
Generate TB-General Ledger Report and TB-Account code from Bizbox.
VI. Computes and post Provision for Impairment Loss.
VII. Computes and update income tax computation for the period.
VIII. Prepares Financial reports (Parent reporting requirement).
IX. Prepares statutory reports
As-Is: Reporting
Reports & Schedules:
• Summary P&L
• Financial Statements
Sample Report
• Schedule of Non-Retail Breakdowns
Gap Analysis
Issues/Concern
Risk/Impact
Proposed Solution
Set-up of cross-charges expenses was
based on SRI Trial Balance and
manually computed
• Manual computation is time
consuming and susceptible to errors
•Provide JV template for the encoding
of SRI cross-charges and accrual
entries in SAP
• SAP will facilitate inter-company
accounts reconciliation thru automatic
cross charging of inter-company
charges upon implementation of SAP
to SRI.
Manual preparation of balance sheet
schedules and reconciliations
 Bank recon
 Accounts Receivable
 Payables
 Due to/from accounts
•
•
•
Manual processing is time
consuming and susceptible to errors
Increase in manpower cost
•
•
•
Opening/closing of Financial periods
is being perform by IT-SRI
• Erroneous postings to incorrect
period/s.
Balance Sheet report will be
generated in SAP
AR balance report and other
revenue streams can be generated
from SAP
Invoice and OR details will be
generated from SAP
Maintain manual preparation of
bank reconciliation if the bank/s
can’t provide us the required
upload
Schedule of opening/closing of
periods of the Parent will be followed
and to be performed centrally in
Financial Reporting-ROHQ.
To-Be: Star Songs
FMS Process Overview
Order to Cash
Requisition to
Payment
Journal Entry &
Reporting
Budgeting & Margin
Analysis
Financial Asset
Management
(Treasury)
Fixed Asset
Management
23
Process Overview – Journal Entry & Reporting
Maintain
GL Master Data
(Chart of
Accounts)
Capture/Process
Financial
Transactions
(Daily Processing)
Month-end/
Year-end
Process
Financial
Reporting
OBJECTIVES:
• Ensure proper and consistent recording of financial transactions
• Provide timely and relevant reports showing financial position of the subsidiary as well
as addressing statutory requirements.
Objectives – Journal Entry & Reporting
JER Sub-Processes
Objectives
Master Data Maintenance
• To maintain single Chart of Accounts
• To ensure consistent application and treatment of GL
accounts
Capture Financial Transactions
• To ensure proper capture of transactions consistent with
ABS-CBN parent
• To minimize number of manual journal entries/adjustments
Month-end/Year-end Closing
• To reduce month-end activities and spread-out GL
processing throughout the month
• To decrease manual processes
Financial Reporting
• To simplify financial reporting and decrease manual
processes
To-Be Process Overview
Collection
Application of AR
Master Data
Maintenance
Capture
transactions
Set-up of
Payables
Journal
Entries
Books of
Accounts/
Subs. Ledger
Set-up of Sales
& Revenue
Month-end
Processing
Trial Balance
Financial
Reports
Upload to
Cognos-Controller
Management
Reporting/
Consolidation
Audit Schedules
Balance Sheet
Recon Accts.
To-Be Master Data Maintenance
JER SUB-PROCESSES:
Master
Data
Maintenance
Capture Financial
Transactions
Month-end/
Year-end Closing
Financial
Reporting
OBJECTIVE:
To ensure consistent and proper use of G/L accounts and minimizes the number of G/L accounts to be
maintained to allow efficiency and to provide enough information
KEY PERFORMANCE INDICATORS (KPIs):
• Accuracy of month-end reports
• Turnaround time from time request is received to account activation in GL Master Data. 1 hour
To-Be Master Data Maintenance
ACTIVITIES:
Maintain
Primary &
Secondary
Cost Elements
Maintain GL
Master Data
Maintain
Financial
Statement
Versions
Design Highlights:
• Single Chart of Accounts for ABS-CBN parent and subsidiaries
• On-line GL Master Data Maintenance request and approval.
• New GL accounts that are unique for SSI be created.
Sample GL Accounts for creation:
GL Accounts
Bank Accounts:
 Main Bank
 Deposit Clearing
 Payment Clearing
 Suspense Clearing
Account Nature
To capture balances of bank accounts. A set of 4 GL
accounts are to be created for each bank account
maintained by the company
To-Be Master Data Maintenance
Maintain GL Master Data
General Procedure :
SSI Finance Reporting
Supervisor
Fill-out On-line
Request Form in LN
Type of Requests:
 Add GL Account
 Update GL Account
 Block GL Account
 Delete GL Account
ROHQ-Financial Reporting Manager
Review/Approved
Request
YES
Approved?
Forward request to
accounting staff
ROHQ-Finance
Analyst
Create/change GL
master data
NO
Notify requestor of
disapproval
Reason/Justification for
denial is indicated
Notify requestor of
completion of the
request.
To-Be Capture Financial Transactions
JER SUB-PROCESSES:
Master
Data
Maintenance
Capture Financial
Transactions
Month-end/
Year-end Closing
OBJECTIVE:
 To ensure proper capture of transactions consistent with ABS-CBN parent.
 To minimize # of manual journal entries/ adjustments
KEY PERFORMANCE INDICATORS (KPIs):
• Accuracy of month-end reports
• Number of manual journal entries per month
Financial
Reporting
To-Be Capture Financial Transactions
ACTIVITIES:
Create Journal Entries/
Adjustments
Integrate with other SAP
Module/
Components
Upload Journal Entries
from Legacy Systems
To-Be Capture Financial Transactions
Design Highlights
• Capture transactions at source
• Sub-ledgers to be owned by unit who owns the transactions
• Minimize journal entries by interfacing from external systems, using upload GL
program for voluminous transactions, using SAP templates, variants and recurring
entries
• On-line journal adjustment request form after closing cut-off
• Parking of documents before actual posting.
• Fewer transactions requiring controller’s approval.
To-Be Capture Financial Transactions
Design Highlights
Proper Revenue and Cost Matching:
Transaction Types
Revenue Recognition
Cost Recognition
Examples
Mechanical
As earned
As incurred
reproduction of songs into
various formats (ring back
tones, content aggregators)
Digital
As earned
As incurred
On-line downloading
(ringtones monotone/polytone,
microsd)
Synchronization
As earned
As incurred
use of songs in time-relation
with visual images
(video, film, TV show, video
commercials)
Music Copyright
Clearance
As earned
As incurred
Self produced copyright
clearance, service fee
To-Be Capture Financial Transactions
Design Highlights
Financial transactions will be automatically posted by the other SAP Modules and FI
Module Components:
Account Categories
Applicable Sample Transaction
Source
Revenue
•
Mechanical Royalty
Sales & Distribution
•
Digital on-line Downloading
•
Synchronization Fees
•
Music Copyright Clearance
Cost of Sales & Services
Not defined
Accounts Receivable
Accounts Payable
To-Be Capture Financial Transactions
Design Highlights
Financial transactions will be automatically posted by the other SAP Modules and FI
Module Components:
Account Categories
Applicable Sample Transaction
Source
General & Administrative Expense
Management Fees
Accounts Payable
Other Income and Expenses
• Interest Income
• Miscellaneous Income
• Recovery from Accounts Written Off
• Interest Expense
• Bank and Other Service Charge
Finance – Bank
Accounts Receivable
Cash and Cash Equivalents
- Revolving Fund SL will not be
maintained. Instead, employees will
be set up as vendor to track petty
cash fund usage;
- Bank reconciliation will be
automatic (as applicable) while
adjustments will be processed by GL
• Cash on Hand
Accounts Receivable
• Revolving Fund
Accounts Payable
• Bank Accounts
Finance - Bank
To-Be Capture Financial Transactions
Design Highlights
Financial transactions will be automatically posted by the other SAP Modules and FI
Module Components:
Account Categories
Applicable Sample Transaction
Source
Accounts Receivable
• Accounts Receivable - Trade
• Allowance for Doubtful Accounts –
Trade
Accounts Receivable
Advance payment to Composer
-Composers will be set up as Vendors
in A/P
• Advance Royalty
Accounts Receivable
Due to/from
• Due to/from Parent
• Due to/from Affiliated Companies
• Inter-Company Clearing
Accounts Payable / Accounts
Receivable
Accounts Payable
• Accounts Payable - Trade (composers)
• Accounts Payable – Non-Trade
Accounts Payable
Accrued Expenses
(Details to be discussed in MonthEnd/Year-end Closing)
•Accrued Rent
• Accrued Other Expenses
Accounts Payable
To-Be Capture Financial Transactions
General procedures for requesting manual journal adjustments will be the same as ABSCBN parent (After Cut-off) :
SSI-Requestor
Fill-out On-Line
Request form in LN
SSI-Approver / Financial Reporting Manager
Review/
Approved
Request
Approved
Request
Requires
2nd Level
Approval
No
SSI Controller
ROHQ-Financial
Reporting
Forward request to
GL-ROHQ
Encode FI
Adjustment
Yes
Required Information:
− Amount
− DR & CR Accounts
− Purpose/rationale
Or attached excel template file
Yes
Forward to
Controller
Approved
No
Note:
– Request form will be obtained via Lotus Notes
– GL-ROHQ will indicate SAP doc number in request
form
– All request form will be kept on file for reference
– Any A/R & A/P request for adjustments will be
forwarded to AR/AP-ROHQ for booking
– “Parking” facility in SAP will be used in approval
process
Transaction requiring 2nd
Level Approval:
− Major Accruals
− Write-offs
− Consolidation Entries
− Income Tax Related Entries
− Adjustment resulting from
reconciliation and analysis
Notify Requestor of
disapproval
Reason/justification
for denial must be
indicated
To-Be Month-End/Year-End Closing
JER SUB-PROCESSES:
Master Data
Maintenance
Capture
Financial
Transactions
KEY PERFORMANCE INDICATORS (KPIs):
• Accuracy of month-end reports
• Number of manual journal entries per month
Month-end/
Year-end
Closing
Financial
Reporting
To-Be Month-End/Year-End Closing
Accrual/
Deferral of
Revenue/
Expenses
Reconciliation of
GL and SL
balances
Review of
clearing
Accounts
Applicable to yearend closing only
Generate
Trial Balance/
Schedules
Consolidate
and Generate
Consolidated
Financial
Statements
Open/Close
Posting
Period
Applicable to ABS-CBN Financial
Reporting-ROHQ sub-process
CarryForward
Balances
To-Be Month-End/Year-End Closing
Design Highlights
Month-End and Year-End Closing
• Remove as part of the process the reconciliation of GL and SL balances of A/R and A/P.
•
Remove as part of the process the reconciliation of Due to/Due from Accounts for
company codes in SAP
•
•
Spread-out processing of transactions:
 Amortization of prepayments (e.g. insurance, rent) will be set-up up-front by
Accounts Payable via recurring entries
Centralized control for opening/closing posting periods
•
Auto-reversal of accruals/deferrals to avoid double charging (Optional)
To-Be Month-End/Year-End Closing
Accrual/Deferral
Monthly accruals/deferrals will be performed for the following items:
Type
Transaction
Comment
Accrual
Operating Expenses
Accrual will be done manually by
SSI-AP or SSI-GL and will be based
on actual expenditures incurred
(if know) or prior period
expenditures
Deferral
Prepayment Amortization
Amortization of prepayments will
be set-up up-front by SSI-AP via
recurring entries. When ROHQFinancial Reporting executes
recurring entries at month-end,
the recurring entries set-up by
SSI-AP will also be included in the
processing.
To-Be Month-End/Year-End Closing
Accrual Composer’s Share
JER
Post Accrual
RTP
Reverse Accrual
Process Vendor
Invoice
Process Vendor
Payment
When: At the time
revenue was incurred
Where: SAP – GL using
document type S*
When: Upon Customer
payment.
When: After reversal of
accrual document
Where: SAP – AP using
document type KR
Where: SAP – AP using
document type ZP
Entries:
Dr. Composer’s Share
Dr. Deferred Input Tax
Cr. AP-Composer
Cr. W/tax Expanded
Entries:
Cr. Composer’s Share
Cr. Deferred Input Tax
Dr. AP-Composer
Dr. W/tax Expanded
Entries:
Dr. Composer’s Share
Dr. Input Tax
Cr. AP-Composer
Cr. W/tax Expanded
Entries:
Dr. AP-Composer
Cr. CIB
To-Be Month-End/Year-End Closing
Reconciliation of GL/SL
Reconciliation will have to be done for the following accounts:
Transaction
Comment
Bank Reconciliation
This will require reconciliation with the
balances per bank. Bank reconciliation will be
performed by Financial Accounting -ROHQ
Advances to Composer
Reconciliation is needed to monitor the
advance payment made to composer and the
amount still need to recoup from the
succeeding revenues.
Due to/Due From
Reconciliation is require if direct cross-company
posting is not allowed for all transactions within
the ABS-CBN group.
To-Be Month-End/Year-End Closing
Review of Clearing Accounts
The following clearing accounts will have to be set-up in the system and have to be
reviewed at month-end to ensure that the account has a zero balance.
GL Account
Comment
Bank Reconciliation Clearing Accounts
• Bank – Deposit Clearing
• Bank Clearing – Payment Clearing
• Bank – Suspense Clearing
These reconciliation accounts are set-up for
each bank account subject to reconciliation
Inter-Company Clearing Account
Inter-Company transactions will be initially
posted to this account and closed to the Due
To/Due From accounts upon reconciliation.
To-Be Month-End/Year-End Closing
Generate Trial Balance & Schedules
The following reports will be generated to facilitate review of interim Financial Statements:
Trial Balance
Use standard BS/PL report
Expense Schedules
Use standard SAP
Users will process the adjustment in GL, A/R or A/P of the concerned period.
SSI-Financial Reporting will provide formats of existing reports/schedules which need to be used other
than the standard & customized reports currently available in SAP.
If needed SSI will be given a customized reports/schedules base on their existing format. This
reports/schedules were unique only for SSI.
To-Be Month-End/Year-End Closing
Consolidation
• Download actual balances of all companies in SAP to Cognos - Controller
• Consolidation will be done in Cognos - Controller
Systems, Methods and Operations Management
Star Songs, Inc.
46
To-Be Month-End/Year-End Closing
Opening/Closing of Financial Posting Periods
• ROHQ-Financial Reporting in ABS-CBN Parent will control closing period in SAP: General Ledger, Customer
Ledger, Vendor Ledger, Inventory Ledger (N/A to SSI) and Asset (N/A to SSI)
• Calendar year will be maintained as the GL posting periods
Posting Period
1 – 12
Description
These posting periods correspond to the calendar month. These will
capture the regular monthly transactions
13
This posting will be used to capture adjustments resulting from
investments in subsidiaries
14
This posting period will be used to capture External Auditor
adjustments
Policy on closing of period - All modules will be closed by end of day of the second working day of the
new month. Only one period will be kept open at any time; however during the period closing, the GL
module will be kept open until the 5th working day of the new month (target closing period). Reopening of closed period shall be subject to approval of ABS-CBN CFO.
Systems, Methods and Operations Management
Star Songs, Inc.
47
To-Be Financial Reporting
JER SUB-PROCESSES:
Master Data
Maintenance
Capture
Financial
Transactions
Month-end/
Year-end
Closing
Financial
Reporting
KEY PERFORMANCE INDICATORS (KPIs):
• Accuracy of month-end reports
• Reduction in number of ad-hoc requests for management reports
Systems, Methods and Operations Management
Star Songs, Inc.
48
To-Be Financial Reporting
Generate Financial
Statements
The following basic financial reports will be generated for each company under the
ABS-CBN group of companies:
• Balance Sheet
• Income Statement
• Cash Flow
• Details of Receivables and Payables
• Details of Due to/from Affiliates
Other SAP generated reports:
• Aging of Accounts Receivable
• Aging of Accounts Payable
Systems, Methods and Operations Management
Star Songs, Inc.
49
THANK YOU!!