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sujay sap

sujay sap



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Published by: sujay_ on Jan 09, 2009
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Wednesday, June 11, 2008
In commercial, organizational and technical terms, a self-contained unit inan R/3 System with separate master records and its own set of tables.
Company Code
: The smallest organizational unit of Financial Accounting forwhich a complete self-contained set of accounts can be drawn up for purposes of external reporting.
Business Area:
An organizational unit of financial accounting that represents aseparate area of operations or responsibilities within an organization and to whichvalue changes recorded in Financial Accounting can be allocated.
Enterprise structure:
A portrayal of an enterprise's hierarchy. Logical enterprisestructure, including the organizational units required to manage the SAP Systemsuch as plant or cost center.Social enterprise structure, description of the way in which an enterprise isorganized, in divisions or user departments.The HR application componentportrays the social structure of an enterprise
fiscal year variant:
A variant defining the relationship between the calendar andfiscal year. The fiscal year variant specifies the number of periods and specialperiods in a fiscal year and how the SAP System is to determine the assignedposting periods.
Fiscal Year:
A period of usually 12 months, for which the company producesfinancial statements and takes inventory.
Annual displacement/Year shift:
For the individual posting periods variousentries may be necessary. For example, in the first six periods the fiscal year andcalendar year may coincide, whereas for the remaining periods there may be adisplacement of +1.
Chart of Accounts:
Systematically organized list of all the G/L account masterrecords that are required in a company codes. The COA contains the accountnumber, the account name and control information for G/L account masterrecord.
Financial statement version:
A hierarchical positioning of G/L accounts. Thispositioning can be based on specific legal requirements for creating financialstatements. It can also be a self-defined order.
Account group:
An object that attributes that determine the creation of masterrecords. The account group determines: The data that is relevant for the masterrecord A number range from which numbers are selected for the master records.
Field status group:
Field status groups control the additional accountassignments and other fields that can be posted at the line item level for a G/Laccount.
Posting Key
: A two-digit numerical key that determines the way line items areposted. This key determines several factors including the: Account type, Type of posting (debit or credit),Layout of entry screens .
Open item management:
A stipulation that the items in an account must beused to clear other line items in the same account. Items must balance out tozero before they can be cleared. The account balance is therefore always equal tothe sum of the open items.
A procedure by which the open items belonging to one or moreaccounts are indicated as cleared (paid).
Reconciliation account:
A G/L account, to which transactions in the subsidiaryledgers (such as in the customer, vendor or assets areas) are updatedautomatically.
Special G/L indicator:
An indicator that identifies a special G/Ltransaction.Special G/L transactions include down payments and bills of exchange.
Special G/L transaction
: The special transactions in accounts receivable andaccounts payable that are shown separately in the general ledger and sub-ledger.They include:
Bills of exchange
Down payments
House Bank:
A business partner that represents a bank through which you canprocess your own internal transactions.
Document type:
A key that distinguishes the business transactions to be posted.The document type determines where the document is stored as well as theaccount types to be posted.
Account type:
A key that specifies the accounting area to which an accountbelongs.Examples of account types are:
Asset accounts
Customer accounts
Vendor accounts
G/L accounts
Dunning procedure:
A pre-defined procedure specifying how customers orvendors are dunned.For each procedure, the user defines
Number of dunning levels
Dunning frequency
Amount limits
Texts for the dunning notices
Dunning level
: A numeral indicating how often an item or an account has beendunned.
Dunning key:
A tool that identifies items to be dunned separately, such as itemsyou are not sure about or items for which payment information exists.
Year-end closing:
An annual balance sheet and profit and loss statement, bothof which must be created in accordance with the legal requirements of thecountry in question.Standard accounting principles require that the following be listed:
All assets
All debts, accruals, and deferrals
All revenue and expenses
Month-end closing:
The work that is performed at the end of a posting period.
Functional area
: An organizational unit in Accounting that classifies theexpenses of an organization by functions such as:
Sales and distribution
Research and developmentClassification takes place to meet the needs of cost-of-sales accounting.
Noted item:
A special item that does not affect any account balance. When youpost a noted item, a document is generated. The item can be displayed using theline item display. Certain noted items are processed by the payment program ordunning program - for example, down payment requests.
Accrual and deferral
: The assignment of an organization's receipts andexpenditure to particular periods, for purposes of calculating the net income for aspecific period.A distinction is made between:
Accruals -An accrual is any expenditure before the closing key date that represents anexpense for any period after this date.
Deferral -Deferred income is any receipts before the closing key date that representrevenue for any period after this date.

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