1 / 8

Module 1

Module 1. Company Code And Chart of Accounts. SD. FI. MM. CO. R/3. PP. AM. Client / Server. PS. QM. PM. WF. HR. IS. Financial Accounting (FI). The key building block for the organization Most modules build on the FI organizational elements FI is for External Accounting for:

petra-frost
Télécharger la présentation

Module 1

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Module 1 Company Code And Chart of Accounts

  2. SD FI MM CO R/3 PP AM Client / Server PS QM PM WF HR IS Financial Accounting (FI) • The key building block for the organization • Most modules build on the FI organizational elements • FI is for External Accounting for: • Stockholders • Bankers • Lenders • Auditors • SEC • IRS

  3. Company Code • A company code represents a stand-alone legal entity that requires its own set of accounting records for reporting purposes • The company code represents the smallest organizational unit for which accounting can be carried out: • The level where transactions are processed • The level where accounts are managed • The level where legal individual financial statements, such as the balance sheet and the profit and loss statement, are created

  4. 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 • The financial statements of several companies can be “rolled up” to the company level using the legal consolidation module (whatever that is).

  5. Chart of Accounts • A chart of accounts is a listing of the accounts • A chart of accounts must be assigned to every company code, but more than one company code can share a chart of accounts • FI is for external reporting, CO is for internal reporting • In other (usually older) systems,there may be thousands of accounts in the chart of accounts with internal vs. external coding logic. With the FI/CO concept, there are usually fewer accounts in chart of accounts.

  6. Client, Company, Company Code For Fitter Snacker, we will not use the Company structure

  7. Fiscal Year Variant • Determines the posting periods to be used by the company. It should be configured to match the company’s fiscal year. • e.g. Jan 1 to Dec. 31 for most businesses, July 1 to June 30 for most colleges and universities • SAP allows for 12 regular posting periods and up to 4 special posting periods • Special periods allow for posting of audit or tax adjustments to a closed fiscal year • 4 periods allow for quarterly adjustments

  8. Credit Control Area • An organizational unit or area of responsibility created to control customer credit limits • A company code is assigned to one and only one credit control area • Multiple company codes can be assigned to one credit control area • Credit control covered in Module 13

More Related