Professional Documents
Culture Documents
- Overview -
SD MM
Sales and Distribution
FI
Financial Accounting
CO AM
Fixed Assets Mgmt. EC
R/3
HR IS
Controlling
Enterprise Client / Server Controlling QM Integrated Business PS Quality Project Mgmt. Solution System PM WF Plant Maintenance Workflow
Human Resources
Industry Solutions
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
SD MM
Sales and Distribution
FI
Financial Accounting
CO AM
Fixed Assets Mgmt. EC
R/3
HR IS
Controlling
Enterprise Client / Server Controlling QM Integrated Business PS Quality Project Mgmt. Solution System PM WF Plant Maintenance Workflow
Human Resources
Industry Solutions
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
Financial accounting is designed to collect all of the data needed to support the preparation of financial statements for external users
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
Target Audience
Internal
Executives Senior Management Accounts Administration Staff Employees
External
Legal Authorities Banks Auditors Shareholders Insurance Taxing Authorities Media Financial Analysts
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
Accounts Receivable
Financial Accounting
(FI)
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
Controlling (CO)
SD MM
Sales and Distribution
FI
Financial Accounting
CO AM
Fixed Assets Mgmt. EC
R/3
HR IS
Controlling
Enterprise Client / Server Controlling QM Integrated Business PS Quality Project Mgmt. Solution System PM WF Plant Maintenance Workflow
Human Resources
Industry Solutions
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
Target Audience
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
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Controlling (CO)
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
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Comparison
Financial Accounting
External Accounting
Balance Sheet Profit & Loss Statement
Managerial Accounting
Cost Center Accounting Profit Center Accounting Product Costing Profitability Analysis Different Valuations Flexibility
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
12
Comparative Reporting
Liquidity Calculation
Balance Sheet
Income Statement
Profit Margin
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
13
Income Statement
Supplies Exp.
100
Bal. Sheet
Bank
100
Financial Accounting
Cost Center
100
Controlling
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved. 14
- The Basics -
Income Statement
Revenues Expenses
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
16
General Ledger
The General Ledger provides a complete record of all "acceptable" business transactions from the viewpoint of an accountant An acceptable business transaction has the following traits
Affects the financial position of the entity Measurable in a currency Affects at least two accounts Assets = Liabilities + Equity Debits = Credits
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
17
Chart of Accounts
The foundation for the General Ledger is the Chart of Accounts A Chart of Accounts contains a complete list of all of the accounts utilized in the General Ledger for a given company Financial accounting reports are prepared from the balances contained in the General Ledgers Chart of Accounts
January 2008
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There are two primary accounting reports prepared from the General Ledger Chart of Accounts
Balance Sheet Income Statement
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January 2008
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January 2008
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21
January 2008
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22
Balance Sheet
January 2008
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23
January 2008
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24
January 2008
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Income Statement
January 2008
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- Organizational Structures -
January 2008
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Organizational Data
A hierarchy in which the organizational units in an enterprise are arranged according to tasks and functions Are static data and are rarely changed The definition of organization units is a fundamental step, it is a critical factor in how the company will be structured
January 2008
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January 2008
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Client
Highest hierarchical level in an SAP environment A complete database containing all the tables necessary for creating a fully integrated information system Master records are created at the client level
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
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Client
January 2008
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Company
Consolidated financial statements are created at the company level A company can include one or more company codes All company codes must use the same chart of accounts and fiscal year Company is not required in the definition of an enterprise (optional)
January 2008
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33
Organizational Structure
Client
Company
January 2008
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Company Code
A legally independent entity The smallest organizational unit for which accounting can be carried out Business transactions are processed at this level Accounts are managed at this level Legal financial statements, such as the balance sheet and the income statement, are generated at this level using the General Ledger balances
January 2008
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35
Organizational Structure
Client
Company
Company Code
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
36
Chart of Accounts
A listing of the accounts (assets, liabilities, equity, revenues, and expenses) that are contained in the General Ledger A chart of accounts must be assigned to every company code in order to create the General Ledger for that company Several company codes can use the same chart of accounts
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
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Chart of Accounts
United States Chart of Accounts Canadian Chart of Accounts
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
Organizational Structure
Client Chart of Accounts
Company
Company Code
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
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January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
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Organizational Structure
Client Chart of Accounts Fiscal Year Variant
Company
Company Code
January 2008
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January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
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Organizational Structure
Client Chart of Accounts Credit Control Area Company Code
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Company
Organizational Structure
Client Chart of Accounts Credit Control Area Company Code
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Company
Company
A company is an organizational unit in Financial Accounting which represents a business organization according to the requirements of commercial law in a particular country.
Business Areas
A unit in an enterprise that groups product and market combinations as homogeneously as possible for the purpose of developing unified business policy.
January 2008
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45
GMCorporate Credit CA
General Motors
Cars
Trucks
January 2008
Cars
Trucks Trucks
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SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
Client 100
Pen Inc.
Company Code
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
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Unit 3 Exercises
21. 22. 23. 24. 25. 26. 27. Create Company Code Create Chart of Accounts Assign Company Code to Chart of Accounts Assign Company Code to Fiscal Year Variant Create Credit Control Area Assign Company Code to Credit Control Area Assign Permitted Credit Control Area to Company Code
January 2008
SAP AG - University Alliances and The Rushmore Group, LLC 2008. All rights reserved.
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