This document provides an overview of foreign currency valuation in SAP, including:
1) How general ledger accounts are valued based on master data setup, using exchange rate keys like KDB and KDF to determine gain/loss accounts.
2) The FAGL_FC_VAL transaction which performs the valuation and posts amounts to the appropriate accounts.
3) Details on open item versus non-open item valuation and how differences are handled over time in the general ledger.
Automatic Vendor payment advice notes by email with attachment when a payment is made via APP (Automatic payment program by using T-code F110 and email a sap script form as a PDF attachment along with the mail body in the desired language.
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
A presentation on Payment Management in SAP. It includes Manual and Automatic payment, Process of Automatic Payment Run and Major Blocking points on payment management.
Automatic Vendor payment advice notes by email with attachment when a payment is made via APP (Automatic payment program by using T-code F110 and email a sap script form as a PDF attachment along with the mail body in the desired language.
AUC is Asset under construction where some assets are in construction phase and cost needs to
capture through internal order for the time being. Once asset is fully completed then cost would
be transferred to another cost object (E.g. Cost center, Order etc...) and settle with final asset.
E.g. XYZ Company constructing building for their office. While construction many expenses are
attached to it. Till the time it is created we cannot charge it in building account hence we need to
create AUC account where cost will be stored.
Assets under construction (AUC) are a special form of tangible assets. They are usually displayed
as a separate balance sheet item and therefore require a separate account determination and their
own asset classes. During the construction phase of an asset, all actual postings are assigned to the
AUC. Once the asset is completed, a transfer is made to the final fixed asset
A presentation on Payment Management in SAP. It includes Manual and Automatic payment, Process of Automatic Payment Run and Major Blocking points on payment management.
SAP FICO General Ledger EndUser Training | www.sapdocs.infosapdocs. info
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In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
SAP Accounts Reveivable SAP Documents | http://sapdocs.infosapdocs. info
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SAP FICO General Ledger EndUser Training | www.sapdocs.infosapdocs. info
You can download this material from http://sapdocs.info/sap/fico/download-sap-general-ledger-accounting-enduser-training-ppt-material/
Get more SAP Materials from http://sapdocs.info/sap/
In sap we have two types of bank statement are there:
Manual Bank Statement
Electronic Bank Statement
If you receive an electronic statement then you just need to upload it to sap for the purpose of
preparation of bank reconciliation statement. If it is manual one then you need to enter the
statement manually into sap.
SAP Accounts Reveivable SAP Documents | http://sapdocs.infosapdocs. info
Get this and other SAP Account Reveivable Materials from http://sapdocs.info/sap/fico/sap-accounts-receivable-ppt-training-materials-documents-for-beginners/
for more SAP Documents please visit http://sapdocs.info
If you are an Accounting professional looking for a career change, please look no further. We are going to recommend the best alternative career to leverage on your Accounting knowledge and start earning more than what you have been earning now in your profession.
Understanding GL determinations in SAP Business OneMTC Systems
Overview of GL Determinations
Determinations by Module
GL Determinations & Fiscal Periods
Using a Template Chart of Accounts
GL Default Account Hierarchy
System Level Defaults to Master Records
Business Partners
Warehouse
Item Groups
Items
Do Not Use or Dummy Accounts
GL Determinations and Master Data Conversion
Additional GL Accounts Setup
Tax Jurisdictions
House Banks
Credit Cards
New GL Determination Guide
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SAP ERP S4HANAFinanceMOTIVATIONThis material is an.docxtodd331
SAP ERP: S/4HANA
Finance
MOTIVATION
This material is an introduction to SAP S/4HANA financial functionality. It is aimed at students at universities and other educational institutions with limited experience with accounting
It can be used in the classroom or for self-study.
On completion of the course, students will be able to understand the basic concepts general ledger accounting.
The material also serves as a reference for occasional users of SAP systems.
LEARNING METHOD
The learning method used is “guided learning.” The benefit of this method is that knowledge is imparted quickly. Students also acquire practical skills and competencies. As with an exercise, this method explains a process or procedure in detail using the GBI case study
Exercises at the end enable students to put their knowledge into practice.Product
SAP S/4HANA
Level
Introductory
Focus
ERP Systems- Finance
Author
Dr. Paul Hawking
Dr. Susan Foster
Reviewed by
Urooj R. Khan
Version 1.2019
Table of Contents
Introduction3
Accounting3
Financial Accounting3
Process Overview4
General Ledger Master Records5
Task 1: Display the Chart of Accounts6
Task 2: The Chart of Accounts Applied to the General Ledger9
Task 3: Display General Ledger Account11
Task 4: Post Transfer of Funds to Alternate Bank Account13
Task 5: Display G/L Account Balance17
(a) Adding a Fiori Tile:17
(b) Displaying Account Balances:18
(c) Displaying Accounting Documents21
Task 6: Displaying Journal Entries22
Task 7: Post Purchase of Office Supplies24
Task 8: Display General Ledger Account Balances27
IntroductionScenario
Global Bikes Inc (GBI) was founded in 2001 following the merger of two bicycle manufacturers, one based in the US and the other in Germany. GBI has three lines of business: deluxe and professional touring bikes, men’s and women’s off-road bikes, and bike accessories. GBI sells its bikes to a network of specialized dealers throughout the world, and it procures its raw materials from a variety of suppliers globally.
GBI has two manufacturing facilities, one in the US and one in Germany. It also has three additional warehouses, two in the US and one in Germany. GBI has more than 100 employees globally. The organization uses SAP ERP to support its processes. The company has a new bicycle for sale- Mongoose Mountain Bike.
Accounting
The function of accounting is to provide financial documentation and information for an enterprise and other interested parties that are associated with it. There are basically two types of accounting:
· External accounting is oriented more towards satisfying the information requirements of external parties. This is referred to as Financial Accounting (FI).
· Internal accounting meets the reporting demands of internal enterprise groups. This is referred to as Cost Accounting (CO).
External Reporting
External Accounting
Internal Accounting
Product Cost s
Internal Reporting
Cost Centres
Profit Centres
Profit Margins
Retained Earnings
Liquidity Calc’n
Prof.
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Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
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• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
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This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
1. Things to remember in Foreign Currency Valuation
4139,775
Hello Everyone!! This is my first blog post on SAP community. I would highly
appreciate feedback and recommendation in comment box.
Introduction:
This blog post will not take you through the customizing of foreign currency
valuation; instead you will learn one or two things differently. I will be explaining
features and functions of FCV in SAP.
Below are the key points we will be looking at:
1. Brief introduction of FCV
2. Scope of FCV
3. How GLs are valuated based on Master data setup?
4. What are the use of KDB and KDF account key?
5. Basics of FAGL_FC_VAL transaction
So let’s get started foreign currency valuation:
When a foreign currency valuation is done in SAP, all open items and balances in a
foreign currency will be converted to local currency using the current exchange rate
maintained in the system.
After taking FCV run SAP creates two postings. One for actual valuation at the
month-end and the other for reversal on the next day i.e. first day of next month
(depends on configuration), but sometimes next period is not open for the reversal
postings, so SAP only creates one posting. Now if you have taken the valuation run
via batch input then you can open the period and continue with the batch run.
If no batch run were selected then have to manually reverse the postings on the next
day with the only transaction code FBB1. This transaction does not post balance in
other currencies than the local one.
Scope of Foreign Currency Valuation
Generally, currency valuations cover the following:-
1. Customer open items, Vendor open items, and General Ledger Open Line
items, Managed in foreign currency. (Each document is evaluated separately
and the valuation posted with gain/loss)
2. 2. Other General Ledger Balance Sheet Accounts Managed in Foreign Currency,
but not flagged as open item management accounts. (Only the balance of G/L
account is valuated and gain/loss is posted)
Foreign currency valuation is only done for Balance sheet G/L accounts
We need to determine G/L accounts for open item managed G/Ls and for G/Ls
which are not managed as open item basis:
Figure 1: Snapshot from SAP ECC
The above set up is must if you want to valuate any G/L account.
Exch. Rate Diff. using Exch. Rate Key – KDB :- Here we set G/L account for the
G/L accounts which is not managed as open items
Exchange Rate Dif.: Open Items/GL Acct – KDF :- Here G/L account is set for open
item managed G/Ls
Let’s see the account determination for KDB account key:
Now if we double click on the KDB account key, the system will ask you to enter the
chart of account – so the account is determined on chart of account level, correct?
But in below screenshot you can see, we have option to choose valuation area
(highlighted field)
So we can set G/L account on Valuation area + chart of account level (Note:
Valuation area is optional and mostly G/Ls are not set per valuation area)
3. Figure 2: Snapshot from SAP ECC
Figure 3: Snapshot from SAP ECC
In above screenshot the G/L accounts for realize exchange rate gain and loss are
maintained with exchange rate difference key.
As said earlier this setting is used for the G/L accounts which are not managed as
open items, so now let’s link this customizing to the G/L account:
4. Figure 4: Snapshot from SAP ECC
Here in the control data tab of G/L account, we can assign the exchange rate
difference key. Based on this key; G/L accounts for loss/gain will be determined.
The above G/L account does not have an open item management tick. But even if
this account has that tick, the system will not restrict you to assign this key in G/L
and neither considers it in valuation.
Account determination for account key KDF
This setup is required for open item managed G/L accounts
5. Figure 5: Snapshot from SAP ECC
From the above snapshot, it can be considered that each and every G/L account
needs to be configured, when its managed as an open item basis; unlike the previous
one, where we just create exchange rate keys and then assign it in G/L master data.
Account key KDF can also be maintained on valuation area level.
6. Figure 6: Snapshot from SAP ECC
The highlighted area in the above figure explains how/on what basis G/L accounts
can be determined.
We have below possibilities to set the G/L account:
1. For the G.L account
2. For G/L and currency combination
3. For G/L and currency type combination
There are two options for assigning Loss and Gain G/L accounts:
7. Figure 7: Snapshot from SAP ECC
The G/L accounts which are managed on open item basis, needs a clearing.
For e.g. vendor invoice is booked on 01.01.2020 it is stored as open item and cleared
when payments made against the invoice.
Let’s say the payment against the invoice is made after two months on 04.03.2020
Now when the valuation run is taken on the 31.03.2020 system calculates the
difference between the exchange rate of Invoice booking date and the rate of clearing
date
And the difference is posted to exchange rate difference realized account
(Highlighted in above screenshot)
But what about the valuation runs comes between the invoice booking date and
clearing date:
8. Figure 8: Snapshot from SAP ECC
In the above example invoice was booked on 01.01.2020 and not cleared till
31.01.2020
But still we need to evaluate the balance of vendor in the month end, in order to
have correct financial reporting to local tax authorities.
So this time system calculates the exchange rate difference of invoice date and the
date on which valuation run is taken
And the difference is posted to valuation G/L accounts (highlighted above)
We have one more option to set Balance sheet adjustment account
In most of the cases, we know the valuation difference is calculated and reversed in
the next month, so there might be a requirement to not book these differences on the
same G/L account, instead, post to the separate G/L account.
9. In that case we will assign different Balance sheet adjustment account otherwise the
same G/L Account should be maintained.
And now the last section: Translation –
Figure 9: Snapshot from SAP ECC
This field is used to translate the balances into group currency. We will discuss this
in separate blog.
Transaction FAGL_FC_VAL
10. Figure 10: Snapshot from SAP ECC
If the create posting is not ticked then transaction will be executed in test mode
Executing the transaction with batch input session helps many times, several times
error does not appear in a test run and comes at the time of direct posting
In those cases system stores the data in batch input which is not posted and you can
rectify the error and run the session
11. Figure 11: Snapshot from SAP ECC
Variant configured here impacts on the displayed output after executing the
transaction. We can configure user-friendly variant, easily as per the requirement.
If the save log button is not ticked, then it’s almost impossible to track the valuation
runs, so make sure the end-user is applying this check-in each evaluation.
Conclusion
This brings us to an end of this blog post. We will quickly recap the points covered
here:
1. FAGL_FC_VAL valuates the Balance sheet GL items and the valuation
difference is posted to different accounts based on Master data setup and
configuration
2. Valuation run ended with errors can be processed further from batch input
3. Save the logs of each valuation run to identify/revisit the errors
Hope you like reading this blog, do mention your suggestions in comment section.