Professional Documents
Culture Documents
Financial Accounting
Speaker:
Vientiane, 2017
www.fis.com.vn
G/L OVERVIEW
TRAINING OBJECTIVES
4. SUMMARY
1.1 G/L OVERVIEW
Controlling (CO)
Financial reports
1.2 BENEFITS
4. SUMMARY
2. MASTER DATA & BASIC CONCEPTS
Chart of Accounts
Each general ledger is set up according to a chart of accounts. The chart
of accounts contains the definitions of all G/L accounts in an ordered
form; consist mainly of the account number, account name, and the type
of G/L account.
Cash
PLUS PLUS
A G/L account is an item within the General Ledger, is used for creation
of Financial Statement (e.g. Balance Sheet and Profit/Loss Statement)
The currencies are defined per the international ISO standard. Each
currency is represented by a three-character ISO code (LAK, USD, VND,
etc.). Currency is one of Company Code specific setting.
SAP maintains exchange rates in the exchange rate table for accurate
currency translation.
CONTENTS
4. SUMMARY
3. BUSINESS PROCESSES
Objective:
This process is used to record transactions which were not posted in
other submodule (not track partner information)
For example: record salary expense; record prepaid expense, etc.
Check
Record
Recorded
Transaction
Document
3.1.1a Create a G/L document
3.1.1a Create a G/L document
3.1.1a Create a G/L document
Objective:
Create recurring entry for transactions that happen regular such as:
Interest from lending, Rent expense, insurance expense, etc.
Create Run
Create View Delete
recurring program
recurring recurring recurring
entry to create
entry entry entry
batch document
3.2 Journal voucher adjustment
Objective:
This process is applied to adjust or delete posted transactions in the
system.
Cancel
Update general
incorrect
information
document
3.2.1 Update general information
3.2.2 Cancel incorrect document
Reversal Reason
- Negative Posting
- Reversal Posting
3.3 Month-end process
Objective:
This process is used to handle operations at the end of the month:
close current period and open next period, clear GRIR account,
categorize GRIR account and make adjustment.
Assess exchange rate difference.
2. After IV is done:
Dr. GR/IR
Cr. Vendor A/c
3. After payment:
Dr. Vendor A/c
Cr. Bank
3.4 Year-end process
Objective:
This process is used to handle operations at the end of the year.
Foreign
Open the next Currency Make Run balance
period Valuation adjustment carry forward
3.4 Year-end process
Objective:
- This process is used for managing information of GL accounts in the
system.
- Each account in system can be created at 2 level:
- Chart of account
- Company Code
Create a new
Create/Update GL account at
Create/update
at Company Company code
at COA level
code level level existed at
COA
T-Code Description
S_ALR_87012333 G/L Accounts List
4. SUMMARY
4. SUMMARY