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Accounting: © 2008 by SAP AG. All Rights Reserved
Accounting: © 2008 by SAP AG. All Rights Reserved
G/L Accounts
In the SAP R/3 system, each transaction that has a financial impact is recorded in a general ledger (G/L) account or sub-ledger accounts that are posted to the G/L via reconciliation accounts. The central task of G/L accounting is to provide a comprehensive picture for external accounting and accounts. Recording all business transactions (primary postings as well as settlements from internal accounting) in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is always complete and accurate.
2008 by SAP AG. All rights reserved. 2
G/L Accounts
The SAP FI General Ledger has the following features: Automatic and simultaneous posting of all subledger items in the appropriate general ledger accounts (reconciliation accounts) Simultaneous updating of general ledger and cost accounting areas Real-time evaluation of and reporting on current accounting data, in the form of account displays, financial statements with different financial statement versions and additional analyses. Can take some getting used to as reports can change continuously
2008 by SAP AG. All rights reserved. 3
G/L Account
Essentially, the general ledger serves as a complete record of all business transactions. It is the centralized, up-to-date reference for the rendering of accounts. Actual individual transactions can be checked at any time, in real-time, by displaying the original documents, line items, and transaction figures at various levels such as: Account information Journals Totals/transaction figures Balance sheet/profit and loss evaluations
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Master Data
Describes items or objects used in a business such as accounts, materials, vendors, customers that remains unchanged over an extended period of time Transaction data is data that is used for relatively short periods of time, usually to record business transactions (sales orders, purchase orders, production orders, payroll amounts) Transaction data is regularly removed from the system in a process known as archiving. For auditing purposes, it cannot simply be deleted. A master record must be created for every G/L account
2008 by SAP AG. All rights reserved. 5
Retained
Contain an identifier for the Retained Earnings account At fiscal year end, the P & L accounts are closed to the Retained Earnings account
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Reconciliation Accounts
Reconciliation account
you post to an account in the subledger, the system automatically posts to the corresponding reconciliation account The general ledger is automatically updated
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Account Groups
Identifier that controls which fields must be entered when the account is created Can determine a valid number interval for the G/L account Must be created before creating G/L master records configuration data Three Account Groups created for Fitter Snacker Balance Sheet Accounts Profit and Loss Accounts Reconciliation Accounts
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Account Groups
Financial accounting General ledger accounting G/L accounts Master Records Preparations Define Account Groups
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Account Determination
When you enter a goods movement (inventory receipt, inventory withdrawal, variances, etc.), you do not have to enter G/L accounts since R/3 automatically determines the correct accounts. Automatic Account Determination is set in Customizing (IMG)
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Goods Receipt Modifier (if applicable) Valuation Class (from material master)
BSX: Inventory Postings GBB: Offsetting Entry for Inventory Postings DIF: Materials Management Small Differences PRD: Cost (price) differences WRX: Goods receipt / inv. receipt clearing acct
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VAX VBR
Company Code Chart of Accounts Transaction Key (not same as transaction code) General Account Modifier (if applicable)
From Material
Valuation Class
Transaction Keys
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Controlling (CO)
CO Controlling Internal Accounting Cost Accounting Managerial Accounting Management Accounting Flexible Non-standard
FI
Controlling (CO)
While there are different requirements for internal and external users of accounting data, the underlying data is usually the same for both purposes and can be captured while recording business transactions purchase orders, goods receipts, material withdrawals, etc. The data can then be presented in different ways for different users. Info system reports in FI are standard G/L Account Listing Info system reports in CO are flexible
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Cost Elements
Primary Cost Elements
Expenses in FI that are relevant to cost accounting are recorded in CO using primary cost element. Primary cost elements can only be created when a G/L expense account exists. Thus, there is a oneto-one relationship between primary cost elements and G/L expense accounts. When an FI posting occurs in a G/L account for which a primary cost element has been defined, a valid controlling object (cost center, order, etc.) is required before posting.
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Cost Elements
Secondary Cost Elements
Secondary Cost Elements are used exclusively for certain types of CO transactions. Secondary cost elements have no corresponding G/L account. Secondary cost elements can be used in transferring costs from one cost center to other cost centers. Primary costs are grouped together and transferred to receiver cost centers using a secondary cost element.
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Cost Centers
Cost centers are used to track WHERE costs occur in the organization. As costs are incurred, they are assigned or posted to the appropriate cost center. The posting and assignment of costs to cost centers is a critical step in using the CO module. Cost centers are organized in a Standard Hierarchy.
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## Sales group
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Cost Allocation
Frequently, costs like rent, computer expense, utilities, etc. have to be allocated to cost centers to provide accurate cost reporting. Costs can be allocated using a statistical key figure, which defines some measurable value related to the cost center, like square footage, head count, CPU hours, etc. Costs can also be distributed using fixed percentages.
2008 by SAP AG. All rights reserved. 31