Configuring the Financial Accounting
System
Slide 2
Note As you work through the configuration
process, I STRONGLY suggest that you follow along with the SAP IMG Help at
http://help.sap.com/saphelp_46c/helpdata/en/e0/71369adc56d11195100060b03c6b76/frameset.htm
Slide 3
The Client At the top of the food chain is the client
(instance) Remember that we have different clients
for development, test, production, etc… A client can have many companies Financial accounting is a key building
block in the organization and usually configured first
Remember, financial accounting is for external constituents and reporting
Slide 4
The Company Code A company code comprises a legal
entity and is structured from a financial accounting perspective Financial statements are produced at this
level Financial accounting cannot be carried
below the company code level
Slide 5
The Company A company has one or many company
codes A company is used to aggregate
company codes for purposes of consolidated financial statements
Company codes must use the same fiscal year and COA to belong to a company
Fitter / Snacker has a single company and company code
Slide 6
The Chart of Accounts (COA) It’s the chart of accounts you know from
accounting We can create custom COAs or use
those created for us by SAP Every account in a COA belongs to an
account group
Slide 7
G/L Account Groups All G/L accounts belong to an account
group The assigned account group controls the
behavior of the account Balance sheet accounts P/L accounts Etc.
Slide 8
Configuring Fiscal Periods All companies have a fiscal year Fiscal years might not correspond to
actual years The fiscal year variant is used to
configure the regular periods and any special posting periods
We can create custom fiscal year variants
Slide 9
Configuring Fiscal Year Periods (2)
Slide 10
Credit Control Area An SAP organizational unit responsible
for maintaining customer credit limits A Company Code has exactly one credit
control area One credit control area can be
responsible for many company codes
Slide 11
Financial Accounting Assignment Fiscal Year variant must be assigned to
a COA COA must be assigned to company code Credit Control Area must be assigned to
a company code
Slide 12
A Word about Controlling Accounting (CO We will do this later as we first need to
set up the organizational structures to which we will assign costs
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