meljun cortes financial accounting rules

Financial Accounting (FI)

- Rules (Internal Controls) -

Unit 5

January 2008© SAP AG - University Alliances and The

Rushmore Group, LLC 2008. All rights reserved.

2

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

meljun cortes financial accounting rules

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