This document provides an overview of SAP's General Ledger Accounting (New GL) module. It discusses how the New GL allows for parallel accounting with multiple ledgers, integrated legal and management reporting, segment reporting, and cost of sales accounting. It provides advantages of the New GL like eliminating redundant data and separate ledgers. Key features include handling different GAAPs, unified financial and management reporting, accelerated period-end closing, and flexible reporting.
SAP FICO Interview Questions By Garudatrainingspiyushchawala
SAP FICO is a core SAP module that covers the financial and reporting segments of a business.
It consists of the interrelated component modules-FI (Financials) and CO (Controlling) with an
extensive set of sub-modules that cover every aspect of the financial and managerial accounting
for both external and internal reporting. Skilled FICO Technical and Functional Consultants are in
very high demand as enterprises world over have been moving to SAP as a single solution for their
business needs. As financial management forms the very basis for any business, SAP FICO has seen
a consistent increase in its implementation with a very high demand for FICO professionals. Garuda
Trainings has come out with a comprehensive online training course in SAP FICO to give our students
the much needed advantage in this highly competitive and sought after segment of the ERP industry.
Online SAP FICO Course Contents: FICO is an integration of two modules FI and CO and the below
curriculum has been segmented accordingly.
Contents:
1) An Introduction to SAP
2) The FI module and its architecture
3) General Ledger Accounting
4) Fixed Assets sub-module
5) The Account Receivables sub-module
6) The Accounts Payable sub-module
7) Integration with other SAP modules and business implementation and deployment
8) The CO module and its architecture, interaction with the FI and other SAP modules
9) Cost centres and profit centres accounting
10) Internal orders and profitability
11) Product costing and activity based costing
For More Info: http://garudatrainings.com/sap-fico-online-training/
Why Choose Us: Our online course in SAP FICO gives you a perfect flexibility of pursing the
course within your existing schedule as you can opt from weekend or weekday batches as per
your convenience. The training resources are prepared by experts with rich experience in SAP
implementations. All modules are led by trainers and are interactive with a recording ability for
future use and access. We offer a 24/7 access to training resources and technical support and give
you a perfect quality training course with an extra emphasis on practical exposure to real-time
implementation scenarios and live projects.
The Complete Advantage: We endeavour to give you a perfect career as a SAP FICO consultant and
our online training course also includes the advantage of placement assistance through our industry
network. To help our users easily clear the interview evaluation, we offer an extensive collection of
in-depth interview questionnaires along with tips of effectively writing resumes. Choose us to get
the perfect advantage in your career as an SAP FICO consultant.
Register For Free Demo:
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Email Us:garudatrainings@gmail.com
Ph No:+1-508-841-6144
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
SAP FICO Consultant is one of the SAP modules which is in-demand and recognized internationally. SAPALLOnlineTraining offers online SAP FICO Consultant training
SAP FICO Interview Questions By Garudatrainingspiyushchawala
SAP FICO is a core SAP module that covers the financial and reporting segments of a business.
It consists of the interrelated component modules-FI (Financials) and CO (Controlling) with an
extensive set of sub-modules that cover every aspect of the financial and managerial accounting
for both external and internal reporting. Skilled FICO Technical and Functional Consultants are in
very high demand as enterprises world over have been moving to SAP as a single solution for their
business needs. As financial management forms the very basis for any business, SAP FICO has seen
a consistent increase in its implementation with a very high demand for FICO professionals. Garuda
Trainings has come out with a comprehensive online training course in SAP FICO to give our students
the much needed advantage in this highly competitive and sought after segment of the ERP industry.
Online SAP FICO Course Contents: FICO is an integration of two modules FI and CO and the below
curriculum has been segmented accordingly.
Contents:
1) An Introduction to SAP
2) The FI module and its architecture
3) General Ledger Accounting
4) Fixed Assets sub-module
5) The Account Receivables sub-module
6) The Accounts Payable sub-module
7) Integration with other SAP modules and business implementation and deployment
8) The CO module and its architecture, interaction with the FI and other SAP modules
9) Cost centres and profit centres accounting
10) Internal orders and profitability
11) Product costing and activity based costing
For More Info: http://garudatrainings.com/sap-fico-online-training/
Why Choose Us: Our online course in SAP FICO gives you a perfect flexibility of pursing the
course within your existing schedule as you can opt from weekend or weekday batches as per
your convenience. The training resources are prepared by experts with rich experience in SAP
implementations. All modules are led by trainers and are interactive with a recording ability for
future use and access. We offer a 24/7 access to training resources and technical support and give
you a perfect quality training course with an extra emphasis on practical exposure to real-time
implementation scenarios and live projects.
The Complete Advantage: We endeavour to give you a perfect career as a SAP FICO consultant and
our online training course also includes the advantage of placement assistance through our industry
network. To help our users easily clear the interview evaluation, we offer an extensive collection of
in-depth interview questionnaires along with tips of effectively writing resumes. Choose us to get
the perfect advantage in your career as an SAP FICO consultant.
Register For Free Demo:
www.Garudatrainings.com
Email Us:garudatrainings@gmail.com
Ph No:+1-508-841-6144
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
SAP FICO Consultant is one of the SAP modules which is in-demand and recognized internationally. SAPALLOnlineTraining offers online SAP FICO Consultant training
When good receipt (GR) and invoice receipt (IR) is performed, an accounting document gets generated. Movement of material leads to the automatic generation of accounting document and this is referred as MM FI integration.
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.
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.
Quick sap co configuration Internal OrderCapgemini
Internal order is a virtual place for collecting/pooling the costs of a particular activity/task. i.e. it is a method to collect those costs and business transactions related to the task/activity. It is a means of tracking costs of a specific job, service, or task. Periodically the costs which are pooled in an internal order can be settled to an asset or to a cost center or to a GL Account or to an order. Thus, while recording you need not analyze the costs. Just record and pool the costs in internal order. After that (generally at the end of the month) these costs are analyzed and settled for relevant elements (like asset or cost center etc).
This method of recording and settling the costs helps in analyzing the costs of cost center wise, profit center wise or cost element-wise. This level of monitoring can be very detailed but allows management the ability to review Internal Order activity for better-decision making purposes.
When good receipt (GR) and invoice receipt (IR) is performed, an accounting document gets generated. Movement of material leads to the automatic generation of accounting document and this is referred as MM FI integration.
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.
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.
Quick sap co configuration Internal OrderCapgemini
Internal order is a virtual place for collecting/pooling the costs of a particular activity/task. i.e. it is a method to collect those costs and business transactions related to the task/activity. It is a means of tracking costs of a specific job, service, or task. Periodically the costs which are pooled in an internal order can be settled to an asset or to a cost center or to a GL Account or to an order. Thus, while recording you need not analyze the costs. Just record and pool the costs in internal order. After that (generally at the end of the month) these costs are analyzed and settled for relevant elements (like asset or cost center etc).
This method of recording and settling the costs helps in analyzing the costs of cost center wise, profit center wise or cost element-wise. This level of monitoring can be very detailed but allows management the ability to review Internal Order activity for better-decision making purposes.
SAP Controlling area Common issue. This issue you face while posting the F-02 transaction for the first time in your company code in the higher EHP versions.
New gl functionality_by_guntupalli_hari_krishna_Hari Krishna
SAP NUEVO LIBRO MAYOR,SAP NEW دفتر الأستاذ العام,SAP新总账,SAP neue Hauptbuch,एसएपी नई सामान्य खाता,எஸ்ஏபி புதிய பொது லெட்ஜர்,SAP NEW総勘定元帳,SAP의 새로운 원장,SAP General Ledger НОВЫЙ,SAP NUEVO LIBRO MAYOR,SAP NEW GENERAL LEDGER
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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2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
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Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
1. General Ledger Accounting (FI-GL) (New)
The central task of G/L accounting is to provide a comprehensive picture of 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.
Beyond fulfilling the legal requirements, General Ledger Accounting also fulfills other
requirements for modern accounting:
- Parallel Accounting
General Ledger Accounting allows you to perform parallel accounting by managing several
parallel ledgers for different accounting principles.
- Integration of Legal and Management Reporting
In General Ledger Accounting, you can perform internal management reporting in parallel with
legal reporting. For this purpose, the Profit Center Accounting functions are integrated with
General Ledger Accounting. Furthermore, you can generate financial statements for any
dimension (such as profit center).
- Segment Reporting
General Ledger Accounting supports the segment reports required by the accounting principles
IFRS (International Financial Reporting Standards) and US GAAP (Generally Accepted
Accounting Principles). For this purpose, General Ledger Accounting contains the Segment
dimension.
- Cost of Sales Accounting
You can perform cost of sales accounting in General Ledger Accounting. For this purpose,
General Ledger Accounting contains the Functional Area dimension.
Features
General Ledger Accounting comprises the following functions for entering and evaluating
posting data:
- Choice between group level and company level
- Automatic and simultaneous posting of all sub ledger items in the appropriate general ledger
accounts (reconciliation accounts)
- Simultaneous updating of the parallel general ledgers and of the cost accounting areas
- Real-time evaluation of and reporting on current posting data, in the form of account displays,
financial statements with different balance sheet versions, and additional analyses.
In this way, General Ledger Accounting automatically serves as a complete record of all
business transactions. It is the central and up-to-date component for reporting. Individual
2. transactions can be checked at any time in real time by displaying the original documents, line
items, and monthly debits and credits at various levels such as:
- Account information
- Journals
- Totals/transaction figures
- Balance sheet/profit and loss evaluations
However, SAP still offers to choose between the New GL and the old Classic GL way of
accounting.
Objective of New GL Accounting
SAP has the following objectives behind the introduction of the New General Ledger:
Efficiently handle Financial Reporting, according to both local and international accounting
principles
Facilitate increased convergence between financial and management accounting
Considerably accelerate your period-end closings
Flexibly perform reporting tasks based on data reconciled in real time
An unified accounting structure that combines individual ledgers, cost-of-sales, profit-center-
accounting & Consolidation-staging ledgers.
Advantages of New GL
Introduction and portrayal of new business models within a single solution, thus avoiding
separate ledgers like Cost of Sales Ledger, Profit Center Ledger, special purpose ledger etc.
Data is stored in a single totals table eliminating data redundancy.
No need for additional reconciliation activities during closing
Easy to make adjustments to business specific requirements, such as the introduction of customer
fields as part of flexible reporting.
Why use the NEW GL?
The following table gives the business requirements at the backend which prompts the finance
department of the company to go for NEW GL implementation.
S.N Business Requirements New GL Functionality
Concept of multiple ledgers- leading and non
1 Reporting as per different GAAP
leading ledgers
3. 2 Unified Management & legal reporting Profit Centre integrated with the New ledger
Requirement of segmental reporting(in line Segment can be defined as an enterprise
3
with US GAAP) element
Financial statement below company code
4 Document spilt functionality
level
5 Reporting as per cost of sales accounting Functional area included
Each one of these functionality is unique and elaborate and has the features ingrained to meet the
different requirements emerging for the external reporting purpose.
Concept of Ledger
A leading ledger is defined and additional ledgers are defined for parallel accounting or
management reporting by assigning different characteristic values and fiscal-year definitions
Additional ledgers can be defined - Leading Ledger & Non-leading ledgers are created and
maintained, with only one accounting entry.
The new general ledger uses the special-purpose ledger techniques to save total values.
All Company Codes are assigned to a Leading ledger for each client, which contains the group-
valuation view. Additional ledgers can be defined for each company code.
Additional ledgers can be used for parallel accounting or management reporting by assigning
different characteristic values and fiscal-year definitions.
For general-ledger account postings that have a specified cost center, the system always
reconciles the profit center and general-ledger account simultaneously, since the data is stored in
the same table.
Two views of the new General Ledger:
Ø Regular entry view &
Ø General-Ledger view
Real time integration
Integration with Controlling
Transfer of cross-entity controlling postings to the new GL in real time.
Integration with Asset Accounting
Depreciation postings are done to all the ledgers, with the concept of delta depreciation.
Integration with Consolidation
4. Transfer of financial data to EC-CS, real time, as Business partners, Transaction types are
defined at the time of GL Posting itself.
Extract / Transfer of data from GL to BI / CS.
Fast period end closing
Elimination of following activities:
Maintenance & use of Reconciliation Ledger
Balance Sheet adjustment / P & L Adjustment
Maintenance & use of Special Purpose ledger
Segmental reporting is also available.
Different ledgers are available to freely define management reporting too
Segment Reporting
IAS/IFRS/US GAAP requires Segmental reporting.
Segment is provided in addition to Business area / Profit center.
It is one of the standard account assignment object available for running analyses of objects
below the company code level.
The objective is to give a detailed look at the various business activities (markets / products) at a
broad based enterprise.
Parallel Accounting
Parallel accounting can be done using the ledger approach instead as an alternative to the account
approach.
No additional account assignments are required as all account assignment components are
defined as Scenarios for each ledger.
Document Splitting
Document splitting means the document is split according to the proportions of the account
assignments in the expense or revenue lines of the original document. Examples: Cash discounts
and realized exchange rate differences are split according to the source document.
Document-splitting is built at 2 technical points:
Document creation - The controlling functions in the SAP are updated accordingly and
reconciled with the general-ledger accounting information
Accounting interface -
Account assignment projection - Account assignment are copied from base rows to target rows.
5. Inheritance - Subsequent process of business transaction such as clearing.
It is a tool for determining missing account assignments according to cause in common
accounting processes in SAP software (invoices, payments or clearing)
It applies account-assignment information to non-assigned accounts according to assignment
rules set in the customizing area. The functionality can help one to create balance sheets for
entities that exist beyond the scope of the company code.
Example: Creation of balance sheets at the segment or profit-center level or balance sheets based
on company-specific or industry-specific entities
New Tables
Three new tables in the new general ledger handle totals, store general-ledger and specific line
items, and calculate valuations for year-end closings in parallel ledgers
Two new tables (FAGLFLEXA & FAGLFLEXP) store the ledger-specific line items (Actual &
Planned) & contain additional information for use in the entry view. The tables help in updating
different characteristics and document splitting information, different period shifts, and different
currencies in specific ledgers for individual documents. Helps in preparing reports for specific
dimensions at item level.
The third table (BSEG_ADD) contains documents that are posted in connection with valuations
for year-end closing in selected parallel ledgers. However, these documents are inapplicable if
one do not use parallel accounting or use the accounting approach to portray parallel accounting.
In addition to the three tables, own table can be defined using FAGLFLEXT as template
The new totals table contains additional standard fields for storing totals. This standard table can
activate support for many scenarios by customizing the software. It supports Segment Reporting,
Profit-Center updating, Cost-of-Sales accounting, Cost-center updating, Preparation for
consolidation and Business-area updating