Financial Accounting (FI)

Financial Accounting (FI)
Unit 3
Financial Accounting
(FI)
- Overview -
SAP Enterprise System
SD
MM
SM
Sales and
Distribution
Materials
PPMgmt.
Production
Planning
Service
Mgmt.
QM
Quality
Mgmt.
PM
Financial
Accounting
CO
R/3
Controlling
AM
Client / Server
Integrated Business
Solution
WF
Plant Maintenance
HR
Human
Resources
January 2008
FI
IS
Fixed Assets
Mgmt. EC
PS
Project
System
Workflow
Industry
Solutions
SAP AG - University Alliances

and The Rushmore Group, LLC
2008. All rights reserved.
Enterprise
Controlling
Unit 3, Part 1 Overview

Goals and Objectives
Target Audience
Components
Managerial Accounting (CO)

Target Audience
Components
Comparisons and Relationships

January 2008

SD
MM
SM
Sales and
Distribution
Materials
PPMgmt.
Production
Planning
Service
Mgmt.
QM
Quality
Mgmt.
PM
Financial
Accounting
CO
R/3
Controlling
AM
Client / Server
Integrated Business
Solution
WF
Plant Maintenance
HR
Human
Resources
January 2008
FI
IS
Fixed Assets
Mgmt. EC
PS
Project
System
Workflow
Industry
Solutions

Enterprise
Controlling

Financial accounting is designed to
collect all of the data needed to
support the preparation of financial
statements for external users
January 2008

Target Audience
External
Internal
Executives
Senior Management
Accounts
Administration Staf
Employees
January 2008
Legal Authorities
Banks
Auditors
Shareholders
Insurance
Taxing Authorities
Media
Financial Analysts

Components of Financial Accounting
Accounts
Receivable
Financial
Accounting
(FI)
General
Ledger
Fixed
Assets
Accounts
Payable
Banks
Special
Purpose
Ledger
January 2008

Controlling (CO)
SD
MM
SM
Sales and
Distribution
Materials
PPMgmt.
Production
Planning
Service
Mgmt.
QM
Quality
Mgmt.
PM
Financial
Accounting
CO
R/3
Controlling
AM
Client / Server
Integrated Business
Solution
WF
Plant Maintenance
HR
Human
Resources
January 2008
FI
IS
Fixed Assets
Mgmt. EC
PS
Project
System
Workflow
Industry
Solutions

Enterprise
Controlling

Managerial accounting is designed to
collect data for the preparation and
analysis of reports for use by internal
users
January 2008

10
Target Audience
Executives
Senior Management
Department Managers
Controllers
Cost Accountants
January 2008

11
Components of Managerial Accounting
Internal
Orders
Controlling
(CO)
January 2008
Cost
Element
Acct
Cost
Center
Acct
Profitability
Analysis
Activity
Based
Costing
Product
Cost
Controlling

Profit
Center
Acct
12
Comparison
Managerial
Accounting
Cost Center
Accounting
External Accounting
Profit Center
Balance Sheet
Accounting
Profit & Loss Statement
Product Costing
Legal Requirements
Profitability Analysis
Standards
Diferent Valuations
Flexibility
January 2008

13
Comparative Reporting
Liquidity
Calculation
(FI)
Balance
Sheet
External
Reporting
Managerial Accounting (CO)
Product
Costs
Reports
Internal
Reporting
January 2008

Retained
Earnings
Report
Income
Statement
Cost
Center
Reports
Profit
Center
Reports
Profit
Margin
14
Interrelated and Closely Connected

(FI) Transaction
Income Statement
Document
Supplies Exp.
Amount
100
G/L Account #
Cost Center
1900012432
(CO) Transaction
Document
Cost Center
Cost Element
20000657
January 2008
Bal. Sheet
Bank
100
Cost
Center
100
Controlling
15

- The Basics -
Unit 3, Part 2 Overview

General Ledger
Chart of Accounts
Balance Sheet
Assets
Liabilities
Equity
Income Statement
Revenues
Expenses
January 2008

17
General Ledger
The General Ledger provides a
complete record of all "acceptable"
business transactions from the
viewpoint of an accountant
An acceptable business transaction has
the following traits
Afects the financial position of the entity
Measurable in a currency
Afects at least two accounts
Assets = Liabilities + Equity
Debits = Credits
January 2008

18
Chart of Accounts
The foundation for the General
Ledger is the Chart of Accounts
A Chart of Accounts contains a
complete list of all of the accounts
utilized in the General Ledger for a
given company
Financial accounting reports are
prepared from the balances
contained in the General Ledgers
Chart of Accounts
January 2008

19
Chart of Accounts
(continued)
There are five types of accounts
contained in a Chart of Accounts
Assets
Liabilities
Equity
Revenues
Expenses
There are two primary accounting

reports prepared from the General
Ledger Chart of Accounts
Balance Sheet
Income Statement
January 2008

20
Balance Sheet Assets

Things of value that a company owns
or controls that accountants have
agreed to measure in monetary
terms.
Examples of these accounts include:
Cash
Accounts receivables
Plant and equipment
Inventory
January 2008

21
Balance Sheet Liabilities

Things that a company owes or must
provide services in order to settle
that accountants have agreed to
measure in monetary terms.
Examples of these accounts include:
Accounts payable
Notes payable
Bonds payable
Unearned revenue
January 2008

22
Balance Sheet Equity

Equity is simply the mathematical
diference between assets and
liabilities.
Includes the monetary amounts
collected with respect to all preferred
and common stock transactions, the
aggregate net income reported since
organization of the company, and a
reduction for dividends that have
been paid to stockholders.
January 2008

23
Balance Sheet
January 2008

24
Income Statement
Revenues
The monetary amounts collected
from customers in settlement for
goods purchased from our company
or services rendered by our firm to
them during the current fiscal year.
January 2008

25
Income Statement
Expenses
The monetary amounts paid to
vendors in settlement for goods
purchased by our company or
services rendered to our firm by
other companies during the current
fiscal year.
January 2008

26
Income Statement
January 2008

27

- Organizational Structures -
Business Process Integration
January 2008

29
Organizational Data
A hierarchy in which the
organizational units in an enterprise
are arranged according to tasks and
functions
Are static data and are rarely
changed
The definition of organization units is
a fundamental step, it is a critical
factor in how the company will be
structured
January 2008

30
Unit 3, Part 3 Org

Structures
Organizational Structures
Client
Company
Chart of accounts
Company code
Credit control area
January 2008

31
Client
Highest hierarchical level in an
SAP environment
A complete database containing
all the tables necessary for
creating a fully integrated
information system
Master records are created at
the client level
January 2008

32
Client
January 2008

33
Company
Consolidated financial statements
are created at the company level
A company can include one or more
company codes
All company codes must use the
same chart of accounts and fiscal
year
Company is not required in the
definition of an enterprise (optional)
January 2008

34
Organizational Structure
Client
Company
January 2008

35
Company Code
A legally independent entity
The smallest organizational unit for which
accounting can be carried out
Business transactions are processed at this
level
Accounts are managed at this level
Legal financial statements, such as the balance
sheet and the income statement, are
generated at this level using the General
Ledger balances
January 2008

36
Client
Company
Company
Code
January 2008

37
Chart of Accounts
A listing of the accounts (assets,
liabilities, equity, revenues, and
expenses) that are contained in the
General Ledger
A chart of accounts must be assigned
to every company code in order to
create the General Ledger for that
company
Several company codes can use the
same chart of accounts
January 2008

38
Chart of Accounts
United
States Chart
of
Accounts
Company
Code 010
January 2008
Canadian
Chart of
Accounts
Company
Code 038
Company Company
Code 110 Code 117

39
Client
Chart of
Accounts
Company
Company
Code
January 2008

40
Fiscal Year Variant

Specifies the accounting fiscal year
for reporting purposes
Special periods are created to aid in
the quarterly or year-end adjusting
process completed prior to preparing
financial statements
A single fiscal year variant is
assigned to each company code
January 2008

41
Client
Chart of
Accounts
Company
Fiscal Year
Variant
Company
Code
January 2008

42
Credit Control Area

An organizational unit or area of
responsibility created to control
customer credit limits
A company code is assigned to one
and only one credit control area
Multiple company codes can be
assigned to one credit control area
January 2008

43
Client
Chart of
Accounts
Company
Fiscal Year
Variant
Credit Control
Area
Company
Code
January 2008

44
Client
Chart of
Accounts
Company
Fiscal Year
Variant
Credit Control
Area
Company
Code
January 2008

45
Consolidation and Business

Areas
Company
A company is an organizational unit in Financial
Accounting which represents a business
organization according to the requirements of
commercial law in a particular country.
Business Areas
A unit in an enterprise that groups product and
market combinations as homogeneously as
possible for the purpose of developing unified
business policy.
January 2008

46
Optional Organizational Structures

GM Corp.
Chart of Accts
Client
GMCorporate
Credit CA
General
Motors
Corporate
Fiscal Year Var.
Consolidation of Company Codes

Chevrolet
GMC
Cadillac
Business Areas
Cars
Trucks
January 2008
Cars
Trucks
Trucks
47
Client 100
Credit Control
Area
Pen Inc.
Fiscal Year
Variant
Chart of
Accounts
Company
Code
January 2008

48
Unit 3 Exercises
21. Create Company Code
22. Create Chart of Accounts
23. Assign Company Code to Chart of
Accounts
24. Assign Company Code to Fiscal Year
Variant
25. Create Credit Control Area
26. Assign Company Code to Credit Control
Area
27. Assign Permitted Credit Control Area to
Company Code
January 2008

49
Unit 5
Financial
Accounting (FI)
- Rules (Internal Controls) -
Rules
Defines the parameters for Master
Data and Transactions
Determines functionality for Master
Relatively fixed
Changes as policy changes
January 2008

51
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
January 2008

52
Account Groups
Chrt/accts
To
CHRT
CHRT
CHRT
January 2008
Acct group
BS
PL
RA
Description
Balance Sheet
Income Sheet
Reconciliation
From
100000
400000
110000

399999
999999
310000
53
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
Must be created before General Ledger
Chart of Accounts master records can be
created
You must assign each account to an
appropriate account group
January 2008

54
Account Groups
Account Group BS
Account control
Account management
Document entry
Bank/financial details
Interest calculation
Joint venture
Account control
Display
Suppress
Req. entry
Opt. entry
Currency
Tax category
Reconciliation account
January 2008

55
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
January 2008

56
Field Status Variant

Fld status group Text
ZALL All Accounts
ZBSA Balance Sheet Accounts
ZEXP Expense Accounts
ZGRI Material Management (GR/IR) Accounts
ZRCN Reconciliation Accounts
ZREV Revenue Accounts
January 2008

57
Field Status Variant

Field status variant (V000) - Group ZBSA - Balance
Sheet Acct.
General data
Additional account assignments
Materials management
Payment transactions
Asset accounting
Taxes
...
General Data
Suppress
Req. entry
Opt. entry
Display
Assignment number
Text
Invoice reference
January 2008

58
So What is a Reconciliation Account?

Postings to sub-ledgers (such as accounts
receivable or accounts payable) are
automatically concurrently posted to the
corresponding reconciliation account in
the General Ledger
In this way, the General Ledger is
automatically updated and remains in
balance with the customer and vendor
individual account totals
January 2008

59
Unit 5 Exercises
37. Create Account Groups
38. Define Retained Earnings
Account
39. Review Field Status Variant
40. Assign Company Code to Field
Status Variant
January 2008

60
Unit 6
Financial
Accounting (FI)
- Master Data -
January 2008

62
Master Data
Master data is relatively fixed
Material master data
Vendor master data
Purchasing information record
General Ledger master data
Before making the master data

configurations, you must have
completely defined the
organizational structures
January 2008

63
SD
MM
SM
Sales and
Distribution
Materials
PPMgmt.
Production
Planning
Service
Mgmt.
QM
Quality
Mgmt.
PM
Financial
Accounting
CO
R/3
Controlling
AM
Client / Server
Integrated Business
Solution
WF
Plant Maintenance
HR
Human
Resources
January 2008
FI
IS
Fixed Assets
Mgmt. EC
PS
Enterprise
Controlling
Project
System
Workflow
Industry
Solutions

64
Unit 6 Overview
General Ledger Master Data
Chart of Accounts Data
Company Code Data
Reconciliation Accounts
Accounts Receivable
Accounts Payable
Goods Receipt/Invoice Receipt
General Ledger Account Balances

January 2008

65
General Ledger Master

Data
A unique master record is created for
each General Ledger account
General Ledger accounts are created
at the client level
Business transactions are posted to
the portfolio of General Ledger
accounts made available to a
company through the assignment of
a specific Chart of Accounts
January 2008

66
General Ledger Master Data

(continued)
Contains control information for:
Data entry
Data processing
Specifies the account type:

Balance sheet
Income statement
January 2008

67
General Ledger
Organization of the Data
Contains one or more Chart of
Accounts specific information areas
Contains one or more Company Code
specific information areas
In this way, a General Ledger master
account can be shared by several
combinations of Charts of Accounts
and Company Codes
January 2008

68
General Ledger
Chart of Accounts Data
Account number
Name of the Chart of
Accounts
Account group
provides
information that
controls the creation
of the master record
for a company code
January 2008
Account number 100101

Chart of accountsCPEN
Account group BS
P&L statement acct type
Balance sheet accountX

69
General Ledger
Company Code Data
Local currency
Foreign currency
Tax category
Open item management
Line item display
Sort key
January 2008

70
General Ledger
Company Code Data (continued)
Local currency
Specify the currency in which the
account is to be posted
Transaction figures are always updated
and displayed in local currency
January 2008

71
General Ledger
Foreign currency
Specify the alternative currency in which
the account is to be posted
It is possible to select up to two
alternative currencies
Transaction figures will be updated in
both the local and alternative currencies
January 2008

72
General Ledger
Tax category
Specify the type of tax on purchase and
sales (input or output taxes) that can be
posted to the account
If the account is not tax relevant, do not
make a specification in this field
January 2008

73
General Ledger
Open item management
Indicates that the account is subjected
to an affirmative clearing process
involving the matching of debits to
credits with the purpose of closing each
individual line item
For example, reconciliation accounts
You can only archive an accounting
document if all of its individual line
items have been cleared
January 2008

74
General Ledger
Line item display
Select if it is desirable to view all the
debit and credit detail for the account
Remember that when posting items to
such accounts and displaying line items,
additional storage space and system
time are required
January 2008

75
General Ledger
Line item display should not be used
for the following accounts:
Reconciliation accounts
Accounts that have a summation
function and are analyzed by another
application such as revenue or stock
accounts
Output and input tax accounts, since tax
information is required only in
connection with the document
January 2008

76
General Ledger
Sort Key
Necessary when line item display is
selected
Determines the data field that will be
used to sort the line items
Posting date
Document date
Cost center
January 2008

77
General Ledger
Reconciliation accounts
When you post to a sub-ledger, the
system automatically concurrently posts
to the corresponding reconciliation
account in the general ledger
In this way, the general ledger is
automatically updated and remains in
balance with the individual account
totals
January 2008

78
General Ledger
General
LedgerGeneral Ledger
Debit Credit
Reconciliation Accounts
A/R, A/P, GR/IR
$$ $$
A/R
Debit Credit
$$ $$
January 2008
A/P
GR/IR
Subsidiary
Ledger Accounts
$$ $$
$$ $$
A/R, A/P,
GR/IR
Debit Credit
Debit Credit

79
Accounts Receivable
Reconciliation Account
Customer 189
10
0
Customer 142
30
0
Accounts
Receivable
Reconciliation
950
Customer 135
40
0
January 2008
Customer 123
15
0

80
Accounts Receivable
Integration
MM
Materials
Mgmt.
Goods
Issue
Sales
Order
FI
SD
Sales and
Distribution
FI
Financial
Accounting
Financial
Accounting
CGS
Decrease to Inventory
FI
Financial
Accounting
Revenue
Increase to A/R
Income Statement
Balance Sheet
January 2008

81
Accounts Payable Reconciliation Account
Vendor
100234
20
0
Vendor
100435
25
0
Accounts Payable
Reconciliation
950
Vendor
100621
January 2008
10
0
Vendor
100846
30
0

82
Accounts Payable
Integration
MM
Materials
Mgmt.
Goods
Receipt
Invoice
Receipt
FI
FI
Financial
Accounting
Financial
Accounting
Increase to Inventory
Increase to GR/IR
FI
Financial
Accounting
MM
Materials
Mgmt.
Increase to A/P
Decrease to GR/IR
Balance Sheet
January 2008

83
Line Item Display

Account number 100999 Bank Account
Company code C999
Period
C/f bal.
Period 1
Period 2
Period 1
Doc. no.
1500000013
1500000014
100000012
1400000342
January 2008
Debit
5,250.00
25,000.00
DT
KZ
KZ
SA
DZ
Credit
DC bal.
Balance
750,000.00
3,540.00
1,710.00
751,710.00
15,000.00
10,000.00
761,710.00
Doc.date
01/05/04
01/06/04
01/08/04
01/14/04
Currency
USD
USD
USD
USD

Amount
1,800.00 990.00 750.00
5,250.00
84
Unit 6, Group 1 Exercises

41. Create Bank Account
42. Create Accounts Receivable Reconciliation
Account
43. Create Trading Goods Inventory Account
44. Create Operating Supplies Inventory
Account
45. Create Accounts Payable Reconciliation
Account
46. Create Goods Receipt / Invoice Receipt
Reconciliation Account
47. Create Output Tax Account
48. Create Input Tax Account
49. Create Retained Earnings Account
50. Create Common Stock Account
January 2008

85
Unit 6, Group 2 Exercises

51. Create Trading Goods Consumption
Expense Account
52. Create Operating Supplies Expense
Account
53. Create Utilities Expense Account
54. Create Purchase Price Diference Expense
Account
55. Create Information Technology Expense
Account
56. Create Miscellaneous Expense Account
57. Create Cost of Goods Sold
58. Run General Ledger List of Accounts
Report
January 2008

86
Unit 8

- Rules -
Rules
FI
January 2008

88
Rules
Defines the parameters for Master
Determines functionality for Master
Relatively fixed
Changes as policy changes
January 2008

89
SD
MM
SM
Sales and
Distribution
Materials
PPMgmt.
Production
Planning
Service
Mgmt.
QM
Quality
Mgmt.
PM
Financial
Accounting
CO
R/3
Controlling
AM
Client / Server
Integrated Business
Solution
WF
Plant Maintenance
HR
Human
Resources
January 2008
FI
IS
Fixed Assets
Mgmt. EC
PS
Enterprise
Controlling
Project
System
Workflow
Industry
Solutions

90
Unit 8 Overview
Posting Periods
Tolerance Groups for Account
Postings
Accounts Payable Settlement
Document Numbers
January 2008

91
Posting Periods
Before it is possible to post documents, it
is necessary to define posting periods
Fiscal years are divided into one or more
posting periods
Each posting period is delimited by both a
start and finish date
A common division of a fiscal year involves
defining 16 posting periods -- 12 months
and 4 quarter ending posting periods
January 2008

92
Tolerances Groups for

Account Postings
Internal control amount limits that
serve to define the maximum
authorization levels for your employees
Must be at least one entry for every
company code
Can be defined for an employee group with
employees being assigned to a given group
to efect the control
Can be undefined at the group level
meaning that the control is efective for
everyone who is not a member of a group
January 2008

93
Tolerances Groups for

Account Postings (continued)
Internal control amount limits that
serve to define the maximum
authorization levels for your
employees with respect to:
A single transaction
A customer or vendor account line item
Discount percentage granted to a line
item
Payment diferences that can be
accepted insettlement
of an account
January 2008
94
2008. payable)
All rights reserved.
(e.g., accounts
Document Numbers
All posted transactions must have a unique
number assigned to it
Usually these numbers are system
generated
The numbers serve to specifically identify
the business content of a transaction so that
it may be recalled at a later time
The actual system stored document number
includes information respecting the year,
date, and company codes
January 2008

95
Document Numbers
(continued)
Before any documents can be posted
to a company or company code,
there must be a number range
assigned to the document type
New transaction document number
ranges must be created at the start
of each new fiscal year
January 2008

96
Unit 8 Exercises
71. Define Posting Periods Variant
72. Open and Close Posting Periods
73. Assign Posting Periods Variant to Company
Code
74. Create Tolerance Groups for Account
Postings
75. Setup Payment Program
76. Create Tolerance Groups for Accounts
Receivable and Accounts Payable
77. Create Financial Accounting (FI) Document
Numbers
January 2008

97
Unit 9

- Transactions -

FI
Transactions
January 2008

99
Transaction Data
Includes internal and external
exchanges that describe business
activities
Unlike master data, aggregate
transactional data is dynamic each
transaction is unique
January 2008

100
SD
MM
SM
Sales and
Distribution
Materials
PPMgmt.
Production
Planning
Service
Mgmt.
QM
Quality
Mgmt.
PM
Financial
Accounting
CO
R/3
Controlling
AM
Client / Server
Integrated Business
Solution
WF
Plant Maintenance
HR
Human
Resources
January 2008
FI
IS
Fixed Assets
Mgmt. EC
PS
Enterprise
Controlling
Project
System
Workflow
Industry
Solutions

101
Unit 9 Overview
Document Principles
Document Types
Posting Keys
January 2008

102
Document Principles
Each completed accounting
transaction writes data to the
database and creates a unique
electronic document
Each document contains information
such as:
Responsible person
Date and time of the transaction
Commercial content including company
codes
January 2008
103
Document Principles
(continued)
An accounting document captures
the entire transaction in a manner
that facilitates recall for reporting
purposes
It remains as a complete unit in the
system until archived
Once created, a document can not
be deleted from the database
January 2008

104
Document Principles
(continued)
The SAP R/3 document principle provides a
solid framework for a strong internal control
system
Audit trails allow an accountant to begin
with an account balance on a financial
statement and trace through the
accounting records to the transactions that
support the account balance or to trace
individual transactions to the efected
account balance(s) on a financial statement
January 2008

105
Document Principles
(continued)
Each posted accounting document
has a header
January 2008

106
Document Principles (continued)

Each posted accounting document
has at least two lines (e.g., debit and
credit)
January 2008

107
Document Types
A way to categorize diferent transactions
Many diferent document types are supplied in
the system
Document types are associated with

number ranges
All documents of the same document type are
stored in the system by document number
Determine the type of account that can be

posted to
January 2008

108
Document Types
(continued)
SA General ledger account documents

DR Customer invoices
DG Customer credit memos
DZ Customer payments
KR Vendor invoices
KG Vendor credit memos
KZ Vendor payments
KN Vendor net invoices and credit
memos
January 2008

109
Posting Keys
Determine whether the item to be
posted is a debit or a credit
Determine the type of account that
can be posted
January 2008

110
Posting Keys (continued)

The posting key (PK)
has a control function
that pertains to the
document line items.
It determines the
following:
Account type for
posting the line
item
Debit or credit
posting of line
items
Field status for
additional
SAP AG - University Alliances information
January 2008

111
Posting Keys (continued)

General
Ledger
40
Common
50
Assets
70
January 2008
Vendors
Posting
Keys
Material
75
89
Customers
99

112
Unit 9 Exercises
78.
79.
80.
81.
January 2008
Review Document Types

Post Initial Cash Investment by Owners
Post Purchase of Operating Supplies
Display and Review General Ledger Account
Balances and Individual Line Items

113
Unit 10

- Transactions -

FI
Transactions
January 2008

115
Transaction Data
Includes internal and external
exchanges that describe business
activities
Unlike master data, aggregate
transactional data is dynamic each
transaction is unique
January 2008

116
SD
MM
SM
Sales and
Distribution
Materials
PPMgmt.
Production
Planning
Service
Mgmt.
QM
Quality
Mgmt.
PM
Financial
Accounting
CO
R/3
Controlling
AM
Client / Server
Integrated Business
Solution
WF
Plant Maintenance
HR
Human
Resources
January 2008
FI
IS
Fixed Assets
Mgmt. EC
PS
Enterprise
Controlling
Project
System
Workflow
Industry
Solutions

117
Unit 10 Overview
Monthly Rent Cycle

Invoice Receipt
Invoice Entry
Accounts Payable Settlement
January 2008

118
Monthly Rent Cycle

Invoice
Receipt
Rental
Agreement
Accounts
Payable
January 2008

119
Invoice Receipt
Invoice
Receipt
January 2008
Invoice
Verification

120
Invoice Entry
Vendor
Informatio
n
January 2008

121
Accounts Payable
Settlement
Select payment method and bank
Select items for payment
Calculate the payment amount,
taking account of cash discount
periods
Post the payment document
Print payment medium
January 2008

122
Unit 10 Exercises
82.
83.
84.
85.
Create Vendor Master Record for Landlord

Create Rent Expense Account
Create Invoice Receipt for Rent Expense
Display and Review General Ledger Account
86. Display and Review Vendor Account
87. Post Payment to Landlord
88. Display and Review General Ledger and
Vendor Account Balances and Individual
Line Items
January 2008

123

Financial Accounting (FI)

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Financial Accounting (FI)

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Financial Accounting (FI)

SAP Enterprise System

SAP AG - University Alliances

Unit 3, Part 1 Overview

Managerial Accounting (CO)

Comparisons and Relationships

SAP AG - University Alliances