Section 4: General Ledger Accounts

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

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

1. What is the 3-method variant principle?

1. What is a relevant table?

1. What three different chart of accounts exist?

1. Group chart of accounts

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

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

1. What is good description for chart of accounts?

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

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

1. Why are GL Account Groups useful?

1. What is the table for gl accounts groups?

1. What is the activity in IMG?

1. What are examples fo account groups?

Fixed Assets accounts

Liquid fund accounts

General GL Accounts

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

fixed assets

1. Account control

currency

tax category

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 ….

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

1. What is a field status variant?

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