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within the General Ledger, all changes are immediately reflected and available <br />for reporting and analysis within the Multi -Book ledger. The Multi -Book ledger <br />then can be used as a repository to house the GAAP to non -GAAP adjustments <br />(e.g. GASB, California Statutory etc). The General Ledger will be used as the <br />primary GAAP ledger, and the Multi -Book ledger will be used to report on the Tax <br />balances and other sets of books. Lawson supports an unlimited number of <br />alternate books through our Multi -Book Ledger functionality. <br />Strategic Ledger <br />Lawson's Strategic Ledger is the primary detailed reporting ledger offered within <br />Lawson's Enterprise Ledger. This application allows the City of Santa Ana to <br />extend our code block to capture a variety of additionally segments for various <br />other reporting requirements. It is a completely flexible ledger allowing you to set <br />up whatever additional segments you wish to track that may not typically be <br />required to be stored directly within the GAAP based general ledger. <br />Project Ledger <br />Lawson's Project and Activity Accounting application provides a project <br />accounting, operating expense ledger and an activity -based costing solution. <br />Project and Activity Accounting captures information from other Lawson <br />applications to provide various levels of operational detail required by the City of <br />Santa Ana. <br />LAWSOW <br />With the flexibility of the Project and Activity Accounting application, you can <br />define multiple unique and independent hierarchies with unlimited work <br />breakdown structures. This application is the perfect repository to track projects <br />such as branch construction, renovations, software implementations and much <br />more. Additionally, Project and Activity Accounting manages operational <br />budgeting, performs robust allocations, provides charge -back capability and <br />allows for full capital project tracking with detailed asset setup utilities. All of this <br />functionality is available without affecting the General Ledger structure, balances, <br />or budgets. <br />Specifically regarding GASB, our flexible hierarchy will allow the City of Santa <br />Ana to define which data elements within each project are "capitalizable" per the <br />GASB rules. For example, you can define all costs within a project to be <br />capitalizable, with the exception of specific phases, tasks or cost elements as not <br />Lawson Software - Confidential <br />