SAP ERP Financials and FICO Handbook

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230 CHAPTER 6 FICO QUICK TOUR n n Company code: The company code is an independent account unit for which you maintain books of account for external reporting. In SAP R/3 or mySAP Financial, you follow the variant principle to simplify the configuration, The variant principle is a threestep process: (1) Create the variant, (2) populate the variant with data, and (3) assign the variant to business objects. 6.2 FI GENERAL n n n n n The term “accounting” is used to capture day-to-day business transactions for various purposes. You can broadly classify accounting information users as (1) external users, i.e., Internal Accounting Standards (IAS), International Financial Reporting Standards (IFRS), stockholders, and other legal authorities and (2) internal users, i.e., the management of a company. The Financial Information (FI) modules take care of external reporting by providing information in the form of a balance sheet and P&L account. The Controlling (CO) module takes care of management’s reporting requirements. It offers a variety of reporting tools that handle different reporting requirements for the effective management of an entity. FI is the main source of data for CO; however, sometimes the CO module generates FI postings, such as reconciliation posting initiated by the reconciliation ledger. To post business transactions to a period, you must define or maintain an accounting year or financial year. In SAP R/3 or in mySAP Financial, this is called the fiscal year. There are two types of fiscal year: (1) year independent and (2) year dependent. A year-dependent fiscal year is valid for a particular year that you are defining (see Figure 6.1). If you are using a yeardependent fiscal year, then each and every year you have to maintain the definition of the fiscal year. For an example of a shortened fiscal year, is year dependent fiscal year.
6.2 FI GENERAL 231 FIGURE 6.1 Year-dependent fiscal year n The second type of fiscal year is a year-independent fiscal year. A year-independent fiscal year is not relevant to a particular year. The year-independent fiscal year is further subdivided into a calendar year and a noncalendar year. A calendar year always starts on January 1 and ends on December 31, while a noncalendar year can start in any month. FIGURE 6.2 Noncalendar fiscal year In Figure 6.2, the fiscal years are noncalendar years because they start on dates other than January 1.
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SAP ® ERP Financials and FICO Hand
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THE JONES AND BARTLETT PUBLISHERS S
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World Headquarters Jones and Bartle
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ABOUT THE AUTHOR A graduate in comm
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viii TABLE OF CONTENTS 3.5 Cost Cen
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AN INTRODUCTION TO SAP SOFTWARE SAP
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xiv PREFACE n n n n n Chapter 7—S
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2 CHAPTER 1 INTERVIEW QUESTIONS AND
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10 CHAPTER 1 INTERVIEW QUESTIONS AN
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Chapter 2 CERTIFICATION QUESTIONS A
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2.1 QUESTIONS 97 9. What would be t
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2.1 QUESTIONS 99 21. You can only h
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2.1 QUESTIONS 101 33. State True or
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2.1 QUESTIONS 107 66. Posting keys
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2.1 QUESTIONS 109 79. The company c
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2.1 QUESTIONS 111 92. When you canc
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2.1 QUESTIONS 113 c. You can assign
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2.1 QUESTIONS 115 114. State True o
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2.1 QUESTIONS 117 126. The credit c
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2.1 QUESTIONS 119 140. Negative rev
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2.1 QUESTIONS 121 154. A shortened
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2.2 ANSWERS 123 168. Once you cross
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2.2 ANSWERS 125 80. a-True, b-False
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Chapter 3 ISSUES AND RESOLUTIONS A
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3.2 G/L ACCOUNTING 129 posting key,
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3.2 G/L ACCOUNTING 131 3. Switch of
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3.2 G/L ACCOUNTING 133 The error is
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3.3 AP 135 Ranking order represents
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3.3 AP 137 You can use the BnkT (ba
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3.3 AP 139 transaction code FCHU, w
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3.3 AP 141 Issue No.: 23 While post
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3.4 AM 143 While configuring the pa
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3.4 AM 145 1. Recalculate depreciat
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3.4 AM 147 Issue No.: 36 While capi
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3.4 AM 149 Issue No.: 41 The user i
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3.4 AM 151 for 2007. Now the user w
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3.4 AM 153 If you are trying to put
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3.4 AM 155 In the screen that appea
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3.7 NEW G/L 157 A customer and vend
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160 CHAPTER 4 CONFIGURATION STEPS S
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162 CHAPTER 4 CONFIGURATION STEPS S
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164 CHAPTER 4 CONFIGURATION STEPS F
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174 CHAPTER 4 CONFIGURATION STEPS 4
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Page 204 and 205: 5.1 G/L ACCOUNTING 189 Posting to G
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Page 208 and 209: 5.2 AP 193 Function Name and Path C
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280 CHAPTER 7 SPECIAL AREAS involve
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282 CHAPTER 7 SPECIAL AREAS FIGURE
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Chapter 8 N EW G/L To satisfy a bro
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CHAPTER 8 NEW G/L 287 After activat
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8.2 TRANSACTION CODES 289 cost cent
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292 CHAPTER 9 TABLES IN THE SAP SYS
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298 CHAPTER 10 SAP MM CONFIGURATION
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Chapter 11 SAP SD CONFIGURATION The
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CHAPTER 11 SAP SD CONFIGURATION 303
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I NDEX A AAM (Account Assignment Mo
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INDEX 307 retiring assets in, 148 S
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INDEX 309 “changes for vendor not
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INDEX 311 cross-company document nu
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INDEX 313 G/L accounting in, 232-23
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INDEX 315 H held documents, 40, 246
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INDEX 317 operating charts of accou
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INDEX 319 data types in, 110 deprec
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INDEX 321 in Profit Center Accounti
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