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01. S/4HANA Finance & Controlling - Configuration & End User

Section 4: General Ledger Accounts

SG
by Stanco G.

  1. Tesla wants one operative chart of account. It should be common along all the company codes.

    GL Accounts: 6 digits

  2. Certain number ranges


Asset: 100000 - 199999

Liabilities 2

Expenses 5

Revenues 6

  1. There are some accounts tesla wants to set up initially:

    Cash Account, Bank account, Zero-Balancing Clearing Account, Retained Earnings Account, Expense Account, Revenue Account, Trade Receivables Account


  1. company also wants to control the field on the transaction documents according to GL account type


  1. chart of accounts


highest level of hierarchy for all the gl accounts

  1. What is the 3-method variant principle?


  1. Create chart of accounts: OB13

  2. Define the properties to the chart of accounts

  3. assign company code to the chart of accounts OB62


  1. What is a relevant table?


SKA1

  1. What three different chart of accounts exist?


operating chart of account

group chart of account

country chart of account

  1. Group chart of accounts


consolidation reportings purposes

more than one chart of accounts by different company codes

  1. How can you start with creating chart of accounts?


Go to spro and in the activity

Financial Accounting Global settings

General Ledger accounting

Master Data

GL Accounts

Preparations

Edit Chart of Accounts

  1. When you are in the screen for edit chart of accounts, what are the next steps


You can copy an existing chart of account

Or you can create a new one

  1. What is good description for chart of accounts?


ZAB1

Z is necessary for client

  1. What can you also enter in the first screen for chart of accounts?


The length of the GL Accounts

  1. What is the next step after creating a new entry for chart of accounts?


Assign the chart of account to the company code

  1. Why are GL Account Groups useful?


It controls the fields of GL master

Suppress,

Display

Required Entry

Optional Entry

  1. What is the table for gl accounts groups?


T077S

  1. What is the activity in IMG?


Define account group

  1. What are examples fo account groups?

Fixed Assets accounts

Liquid fund accounts

General GL Accounts

Materials Management accounts

P&L Statement Accounts

Reconciliation Accounts ready for Input

  1. The column Acct Group controls the fields in the details

fixed assets


account control

account management

document entry

blue active

black not active

  1. Account control

currency

tax category


reconciliation account

exchange rate difference

account management in ext. system

  1. What is retained earnings Account?

For P&L …, the balance is carried forward to a retained earnings account during year-end closing to calculate the companys … and as a result, the profit and loss statement account is set to ….

For P&L accounts, the balance is carried forward to a retained earnings account during year-end closing to calculate the companys result and as a result, the profit and loss statement account is set to zero.

  1. Retained earnings are … in the shareholders equits section of an organizations balance sheet and shareholders equity is a liability. so retained earnings account is created at … side of the balance sheet.


  1. Retained earnings are reported in the shareholders equits section of an organizations balance sheet and shareholders equity is a liability. so retained earnings account is created at liability side of the balance sheet.


  1. What do you have to do for retain earning accounts?


Define a key “+” for rec. accounts

  1. What is a field status variant?



controls the fields of a transaction at line item level

  1. You assign a field status variant to a company code


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Stanco G.

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