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Financial Accounting (FI)
- Rules (Internal Controls) -
Unit 5
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Rules
• Defines the parameters for Master Data and Transactions
• Determines functionality for Master Data and Transactions
• Relatively fixed• Changes as policy changes
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Unit 5 – Rules
• Rules– Account groups• BS – Balance Sheet Account Group• PL – Income Statement Account Group• RA – Reconciliation Account Group
– Field status variant• Field status groups
– Fiscal year variant
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Account Groups
• Identifier that controls which fields must be entered when an account is created
• Determine a valid number interval for each of the groups (types) of General Ledger accounts that have common attributes
• Groups together accounts with similar characteristics• Must be created before General Ledger Chart of
Accounts master records can be created• You must assign each account to an appropriate
account group
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Account Groups
Chrt/accts Acct group Description From To CHRT BS Balance Sheet 100000 399999 CHRT PL Income Sheet 400000 999999 CHRT RA Reconciliation 110000 310000
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Account control Suppress Req. entry Opt. entry Display
CurrencyTax categoryReconciliation account…
Account Group BS
Account controlAccount managementDocument entryBank/financial detailsInterest calculationJoint venture
Account Groups
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Field Status
• Field status controls how the data will be entered for a field when an accounting master record is being used in a transaction
• Determining whether a field is required, optional, suppressed, or display only
• Field status controls are also relevant to a specific activity — create, change, or display
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Field Status Variant
Fld status group TextZALL All Accounts
ZBSA Balance Sheet Accounts ZEXPExpense Accounts ZGRI Material Management (GR/IR) Accounts ZRCN Reconciliation Accounts ZREV Revenue Accounts
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Field status variant (V000) - Group ZBSA - Balance Sheet Acct.
General dataAdditional account assignmentsMaterials managementPayment transactionsAsset accountingTaxes...
General Data Suppress Req. entry Opt. entry Display
Assignment numberTextInvoice reference…
Field Status Variant
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Unit 5 – Exercises
37. Create Account Groups38. Define Retained Earnings Account39. Review Field Status Variant 40. Assign Company Code to Field Status
Variant