SAP FICO

SAP Release 5.00 ECC (The latest in SAP Software)

Possibilities with the New General Ledger in 5.0 ECC

• Today, R/3 customers have to install and operate a range of components in order to meet international and/or industry-specific requirements and standards as completely as possible.
  
  
• In fact, the situation is becoming more complex, because service companies (in the public sector, insurance, and media sectors, for example) are demanding balance sheets based on additional criteria - such as grant, fund, or industry.
  
  
• Of course, the increasing importance of IAS as accounting rules is also boosting demand for better quality and modeling of segment reporting.
  
  
• What's more, a unified solution would also be useful to deal with the requirements for fast close, Sarbanes-Oxley and reduced TCO (Total Cost of Ownership)
  
  
• The following are new in 5.0 ECC
  
  
  • New General Ledger with reduced total cost of ownership (Faster Close etc.)
    
  • Profit Center Accounting is eliminated and is now part of New GL
    
  • Cost of Sales accounting is now part of New GL
    
  • Special Purpose Ledger is now part of New GL
    
  • Reconciliation Ledger is eliminated and is now part of New GL
    
  • Segment reporting
    
  • And much more.

Fundamentals of FICO using New General Ledger Functionality

(4 weekends - 8 days 9 AM to 4 PM)

Introduction - the concept of the New General Ledger

• System configuration (activating the new general ledger, defining and deriving segments, assigning scenarios, defining customer-specific fields)
  
• Documents and document splitting
  
• Integration with Financial Accounting subsidiary ledgers and with Controlling (real-time integration of Controlling into Financial Accounting)
  
• Reporting (=> Using the new Financial Accounting drill down reporting function (segment reporting) and the new G/L account balance display)
  
• Closing operations
  
• Parallel valuation and the new general ledger (introduction of the ledger solution in the new general ledger and the integration of this solution into Asset Accounting)

Using the New GL Functionality, we will work on the following:

1. Organization Structure

• Client
  
• Chart of accounts
  
• Company code
  
• Credit control area
  
• Sales organization
  
• Purchasing organization
  
• Chart of depreciation
  
• Controlling area

2. Master Records

• GL accounts
  
• Customers
  
• Vendor
  
• Banks
  
• Account groups
  
• Number ranges
  
• General Ledger
  
• Sub-ledger

3. Documents

• Document header
  
• Line items
  
• Document type
  
• Special document types
  
• Document number ranges
  
• Posting keys
  
• Field status definition
  
• Payment terms

4. Posting periods

• Posting periods
  
• Fiscal Year

5. Accounts/line items

• Display formats
  
• Allocation fields
  
• Work lists

6. Foreign Currency

• Foreign Currency keys
  
• Parallel currencies
  
• Exchange rates

7. Other special features

• Fast entry
  
• Inter-company transactions
  
• Hold data
  
• Document parking

8. Reference documents

• Actual documents
  
• Sample documents
  
• Account assignment models
  
• Recurring documents

9. Reports

• Delivered reports
  
• Variants

10. Incoming payments

• Partial Residual payments
  
• Foreign currency
  
• Payment advices

11. Account analysis

• Payment history
  
• Credit limit
  
• Clearing procedures

12. Outgoing payments

• Payment program

13. Clearing

• Selection options
  
• Reset cleared items

14. Closing using New GL

• Month- end closing
  
• Yearend closing

15. Preparing a Balance Sheet

• Foreign Currency
  
• GR/IR clearing
  
• Accrual / Deferral documents

17. Valuating Foreign Currency

• Open items
  
• Balance Sheet accounts

18. Financial Statements

• Main structures
  
• Financial statement versions

Cost Controlling

19. Overhead cost controlling

• Tasks in overhead cost controlling
  
• Organization units in CO

20. Master data in Cost element and cost center Accounting

• Master data and transaction data
  
• Cost elements
  
• Cost center
  
• Statistical key figures

21. Transaction - Based posting

• Number assignment for CO documents
  
• Account assignment logic
  
• Automatic and default account assignment
  
• Transaction-based posting in CO

22. Information system

• Standard reports
  
• Report painter
  
• Report tree

Advanced FICO using New GL Functionality

1. Integration of FICO with other SAP

• MM Integration & Invoice verification
  
• SD Integration & Billing

2. Special General Ledger Transactions

• Down Payments
  
• Guarantees

3. Periodic allocations

• Periodic reporting
  
• Distribution
  
• Assessment
  
• Valuation with activity prices
  
• Actual cost splitting

4. Planning in cost center accounting

• Planning scope and techniques
  
• Versions
  
• Planning screens
  
• Distribution keys
  
• Plan cost splitting
  
• Planning aids

5. Internal Orders

• Master data and structures
  
• Order types
  
• Status management
  
• Real and statistical orders
  
• Actual posting and commitments
  
• Planning and Budgeting

6. Period closing in Overhead cost controlling

• Period lock
  
• Variance calculation

7. CO Information System

• Standard reports
  
• Report painter
  
• Report tree

8. Fixed Assets Accounting

• Organizational Units in Fixed Assets Accounting
  
• Depreciation Areas
  
• Different depreciation methods
  
• Transactions in Fixed Assets Accounting
  
• Fixed Assets Reports