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classentry-wrapper-inside>header classentry-header>div classentry-meta entry-meta-top>time classentry-meta-post-time entry-time updated itempropdatePublished datetime2014-09-27T13:19:25+00:00>span classentry-meta-icon fa fa-calendar>/span> a href2014/09/business-processes-covered-sap-fico-implementation.html titleSeptember 27, 2014 relbookmark>September 27, 2014/a>/time> /div>h2 classentry-title itempropheadline>a href2014/09/business-processes-covered-sap-fico-implementation.html titlePermalink to Business processes to be covered in SAP FICO implementation relbookmark>Business processes to be covered in SAP FICO implementation/a>/h2>/header>div classentry-content itemproptext>div classe-mailit_top_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/09/business-processes-covered-sap-fico-implementation.html data-emailit-titleBusiness processes to be covered in SAP FICO implementation>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div>p>Financial Accounting (FI) Management Accounting (CO) Financial supply chain Management (FSCM) module will cover the following business processes:/p>ul>li>Master Data Maintenance in Accounting./li>li>General Ledger Accounting./li>li>Accounts Payable./li>li>Accounts Receivable / Collection Management /Credit management./li>li>Bank Accounting /Cash Management./li>li>Asset Accounting./li>li>Closing Procedures./li>li>Financial Information System in FI./li>li>Cost Center Accounting./li>li>Profit Center Accounting./li>li>Internal Order./li>li>Profitability accounting./li>/ul>div classe-mailit_bottom_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/09/business-processes-covered-sap-fico-implementation.html data-emailit-titleBusiness processes to be covered in SAP FICO implementation>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div> /div>footer classentry-footer>/footer>/div>/article>article idpost-129 classentry-wrapper post-129 post type-post status-publish format-standard hentry category-uncategorized itemscopeitemscope itemtypehttp://schema.org/BlogPosting itempropblogPost>div classentry-wrapper-inside>header classentry-header>div classentry-meta entry-meta-top>time classentry-meta-post-time entry-time updated itempropdatePublished datetime2014-09-27T13:16:48+00:00>span classentry-meta-icon fa fa-calendar>/span> a href2014/09/sections-sap-fico-business-blueprint.html titleSeptember 27, 2014 relbookmark>September 27, 2014/a>/time> /div>h2 classentry-title itempropheadline>a href2014/09/sections-sap-fico-business-blueprint.html titlePermalink to Sections in a SAP FICO Business Blueprint relbookmark>Sections in a SAP FICO Business Blueprint/a>/h2>/header>div classentry-content itemproptext>div classe-mailit_top_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/09/sections-sap-fico-business-blueprint.html data-emailit-titleSections in a SAP FICO Business Blueprint>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div>table width355>tbody>tr>td width355>GMC-SAP Implementation/td>/tr>tr>td>1 Business Scenarios/td>/tr>tr>td>1.1 FICO Scenarios/td>/tr>tr>td>1.1.1 Business Processes/td>/tr>tr>td>1.1.1.1 New general Ledger and Profit Center Accounting/td>/tr>tr>td>1.1.1.2 Accounts Payable/td>/tr>tr>td>1.1.1.3 Accounts Receivable/td>/tr>tr>td>1.1.1.4 Collections Management/td>/tr>tr>td>1.1.1.5 Bank Accounting/td>/tr>tr>td>1.1.1.6 Fixed Asset Accounting/td>/tr>tr>td>1.1.1.7 Financial Closing/td>/tr>tr>td>1.1.1.8 Controlling/td>/tr>tr>td>1.1.1.9 Cost Center Acounting/td>/tr>tr>td>1.1.1.10 Profit Center Accounting/td>/tr>tr>td>1.1.1.11 Profitability analysis/td>/tr>/tbody>/table>div classe-mailit_bottom_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/09/sections-sap-fico-business-blueprint.html data-emailit-titleSections in a SAP FICO Business Blueprint>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div> /div>footer classentry-footer>/footer>/div>/article>article idpost-4 classentry-wrapper post-4 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized itemscopeitemscope itemtypehttp://schema.org/BlogPosting itempropblogPost>div classentry-wrapper-inside>div classentry-featured-image-wrapper>a href2014/05/product-cost-controlling.html titleProduct Cost Controlling>img width541 height300 srcwp-content/uploads/2014/05/Ext-Acc3.png classentry-featured-image img-responsive alt loadinglazy srcsethttps://sapfico.iexpertify.com/wp-content/uploads/2014/05/Ext-Acc3.png 1024w, https://sapfico.iexpertify.com/wp-content/uploads/2014/05/Ext-Acc3-300x166.png 300w, https://sapfico.iexpertify.com/wp-content/uploads/2014/05/Ext-Acc3-672x372.png 672w sizes(max-width: 541px) 100vw, 541px />/a>/div>header classentry-header>div classentry-meta entry-meta-top>time classentry-meta-post-time entry-time updated itempropdatePublished datetime2014-05-16T23:37:00+00:00>span classentry-meta-icon fa fa-calendar>/span> a href2014/05/product-cost-controlling.html titleMay 16, 2014 relbookmark>May 16, 2014/a>/time> /div>h2 classentry-title itempropheadline>a href2014/05/product-cost-controlling.html titlePermalink to Product Cost Controlling relbookmark>Product Cost Controlling/a>/h2>/header>div classentry-content itemproptext>div classe-mailit_top_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/product-cost-controlling.html data-emailit-titleProduct Cost Controlling>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Product Cost Controlling /b>is concerned with all aspects of planning the cost of producing products or services, as well as tracking and analyzing the actual costs that are incurred in the production process. /div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->Product Cost Controlling consists of the following components:/div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>–span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Product Cost Planning (PCP) /b>refers to the creation of cost estimates for the production of goods and services. /div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>–span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Cost Object Controlling (OBJ) /b>focuses on the costs incurred in the production of a product or service, which are collected on a cost object (such as a production order.) Which cost object is used depends on your controlling requirements. It may be a sales order, a production order, a process order or a production cost collector. Cost Object Controlling is used to calculate work in process, scrap costs and variances at period close. These values can be transferred to other modules like CO-PA, EC-PCA and FI./div>p>/p>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>–span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Actual Costing/b> b>(ACT)/b> is used to calculate the actual product costs at period close. Actual costing uses the b>Material Ledger /b>to store material prices in up to three currencies and according to three valuation strategies (group, legal and profit center). Each material movement is recorded in the Material Ledger with a standard price during the period. Material settlement is used to transfer the results to the material master as a weighted average price for the period./div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>/div>div styleclear: both; text-align: center;>a hrefwp-content/uploads/2014/05/Ext-Acc3.png stylemargin-left: 1em; margin-right: 1em;>img border0 srcwp-content/uploads/2014/05/Ext-Acc3.png height354 width640 />/a>/div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>/div>div classe-mailit_bottom_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/product-cost-controlling.html data-emailit-titleProduct Cost Controlling>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div> /div>footer classentry-footer>/footer>/div>/article>article idpost-5 classentry-wrapper post-5 post type-post status-publish format-standard hentry category-uncategorized itemscopeitemscope itemtypehttp://schema.org/BlogPosting itempropblogPost>div classentry-wrapper-inside>header classentry-header>div classentry-meta entry-meta-top>time classentry-meta-post-time entry-time updated itempropdatePublished datetime2014-05-15T16:02:00+00:00>span classentry-meta-icon fa fa-calendar>/span> a href2014/05/overhead-cost-controlling.html titleMay 15, 2014 relbookmark>May 15, 2014/a>/time> /div>h2 classentry-title itempropheadline>a href2014/05/overhead-cost-controlling.html titlePermalink to Overhead Cost Controlling relbookmark>Overhead Cost Controlling/a>/h2>/header>div classentry-content itemproptext>div classe-mailit_top_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/overhead-cost-controlling.html data-emailit-titleOverhead Cost Controlling>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Overhead costs/b> are costs which cannot be assigned directly to the production of goods or services. You assign all overhead costs to the locations where they occur or to the actions leading to their creation. You have to plan, record and analyze the costs on appropriate objects./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Cost elements/b> are used to record, distribute, and allocate the operational expense of an enterprise on a costing basis./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->Cost Element Accounting (CO-OM-CEL) indicates which costs and revenues have occurred and is used for reconciliation of cost controlling with the Financial Accounting (FI) module./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->The b>cost center/b> represents a separate location of cost occurrence within a controlling area. The definition can be based on functional requirements, allocation criteria, activities or services provided, physical location, and/or area of responsibility./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->The b>activity type/b> defines the various activities produced or supplied by a cost center. Activity inputs from one cost center to other cost centers, orders, or business processes represent utilization of the cost center’s resources. Valuation of the activity quantity takes place with a price calculated on the basis of business or managerial aspects./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->The b>business process/b> gathers together sequences of activities within an organization across cost center boundaries. It can be used to structure organizational processes according br/>to function./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Overhead orders/b> are used to plan, collect, and analyze costs of an organizational br/>action (measure)./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->The different CO objects support multiple methods developed by SAP for allocation of values and quantities, each according to the managerial accounting function of the object in question. /div>p>/p>div>/div>div classe-mailit_bottom_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/overhead-cost-controlling.html data-emailit-titleOverhead Cost Controlling>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div> /div>footer classentry-footer>/footer>/div>/article>article idpost-6 classentry-wrapper post-6 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized itemscopeitemscope itemtypehttp://schema.org/BlogPosting itempropblogPost>div classentry-wrapper-inside>div classentry-featured-image-wrapper>a href2014/05/purpose-of-controlling-components.html titlePurpose of Controlling Components>img width547 height300 srcwp-content/uploads/2014/05/Ext-Acc1.png classentry-featured-image img-responsive alt loadinglazy srcsethttps://sapfico.iexpertify.com/wp-content/uploads/2014/05/Ext-Acc1.png 1024w, https://sapfico.iexpertify.com/wp-content/uploads/2014/05/Ext-Acc1-300x164.png 300w sizes(max-width: 547px) 100vw, 547px />/a>/div>header classentry-header>div classentry-meta entry-meta-top>time classentry-meta-post-time entry-time updated itempropdatePublished datetime2014-05-13T09:14:00+00:00>span classentry-meta-icon fa fa-calendar>/span> a href2014/05/purpose-of-controlling-components.html titleMay 13, 2014 relbookmark>May 13, 2014/a>/time> /div>h2 classentry-title itempropheadline>a href2014/05/purpose-of-controlling-components.html titlePermalink to Purpose of Controlling Components relbookmark>Purpose of Controlling Components/a>/h2>/header>div classentry-content itemproptext>div classe-mailit_top_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/purpose-of-controlling-components.html data-emailit-titlePurpose of Controlling Components>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->Controlling includes all functions required to internal managerial accounting and covers different areas for control./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>CO-OM Overhead Cost Controlling:/b> Overhead costs are costs that are not directly related to a product, and thus cannot be assigned directly to the cost of goods. They are divided into direct and indirect costs. The purpose of CO-OM is planning, allocating, controlling and monitoring overhead costs. /div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>CO-PC Product Costing Controlling:/b>Product costing is a tool for planning costs and establishing prices for materials. It is used to calculate the costs of goods sold for each product unit./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>CO-PA Profitability Analysis:/b> Lets you evaluate segments of your business operations, which can be defined according to products, customers, orders and any combination of these or other organizational structures (such as sales organizations or business areas). The goal is to determine the contributions of those segments to your company’s profits (margin reporting)./div>p>/p>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>CO/EC*-PCA Profit Center Accounting:/b>Provides profitability-oriented performance information for internal organizational units (profit center) and assign respon/div>div styleclear: both; text-align: center;>a hrefwp-content/uploads/2014/05/Ext-Acc1.png stylemargin-left: 1em; margin-right: 1em;>img loadinglazy border0 srcwp-content/uploads/2014/05/Ext-Acc1.png height350 width640 />/a>/div>p>sibility to their performance. It can be used to generate financial statements for the corresponding organizational units. (* SAP classifies PCA into the Enterprise Controlling (EC) component.)/p>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>/div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>/div>div classe-mailit_bottom_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/purpose-of-controlling-components.html data-emailit-titlePurpose of Controlling Components>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div> /div>footer classentry-footer>/footer>/div>/article>article idpost-7 classentry-wrapper post-7 post type-post status-publish format-standard hentry category-uncategorized itemscopeitemscope itemtypehttp://schema.org/BlogPosting itempropblogPost>div classentry-wrapper-inside>header classentry-header>div classentry-meta entry-meta-top>time classentry-meta-post-time entry-time updated itempropdatePublished datetime2014-05-12T22:23:00+00:00>span classentry-meta-icon fa fa-calendar>/span> a href2014/05/components-of-co-module.html titleMay 12, 2014 relbookmark>May 12, 2014/a>/time> /div>h2 classentry-title itempropheadline>a href2014/05/components-of-co-module.html titlePermalink to Components of the CO module relbookmark>Components of the CO module/a>/h2>/header>div classentry-content itemproptext>div classe-mailit_top_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/components-of-co-module.html data-emailit-titleComponents of the CO module>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div>div stylemargin-left: .5in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-CA; mso-no-proof: yes;>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>The various CO components can be classified into different groups. The classification indicates the general purpose of a given component./b>b>span langEN-CA>o:p>/o:p>/span>/b>/div>div stylemargin-left: .5in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-CA; mso-no-proof: yes;>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Management of an enterprise requires the use of different tools for different situations. If you want to analyze profit, for example, then you need a tool appropriate to the view you wish to take (e.g., by product or by responsibility center). The Profitability Accounting component group has two tools (components) that are available for addressing this business need./b>b>span langEN-CA>o:p>/o:p>/span>/b>/div>div stylemargin-left: .5in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-bidi-font-style: italic; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-CA; mso-no-proof: yes;>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Similarly, the Overhead Cost Controlling and Product Cost Controlling component groups offer tools appropriate to other types of business requirements./b>b>span langEN-CA>o:p>/o:p>/span>/b>/div>div>/div>div>/div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Overhead Cost Controlling:/b>/div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>–span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Cost and Revenue Element Accounting/b>/div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>–span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Cost Center Accounting/b>/div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>–span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Overhead Order Accounting/b>/div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>–span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Activity-Based Costing/b>/div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Product Cost Controlling:/b>/div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>–span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Product Cost Planning/b>/div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>–span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Cost Object Controlling/b>/div>div stylemargin-left: 1.0in; mso-list: l0 level2 lfo1; tab-stops: list 1.0in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>–span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Actual Costing/Material Ledger/b>/div>p>/p>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->b>Profitability Analysis/b>/div>div>b>Profit Center Accountingo:p>/o:p>/b>/div>div classe-mailit_bottom_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/components-of-co-module.html data-emailit-titleComponents of the CO module>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div> /div>footer classentry-footer>/footer>/div>/article>article idpost-8 classentry-wrapper post-8 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized itemscopeitemscope itemtypehttp://schema.org/BlogPosting itempropblogPost>div classentry-wrapper-inside>div classentry-featured-image-wrapper>a href2014/05/external-vs-internal-accounting.html titleExternal vs. Internal Accounting>img width375 height300 srcwp-content/uploads/2014/05/Ext-Acc.png classentry-featured-image img-responsive alt loadinglazy srcsethttps://sapfico.iexpertify.com/wp-content/uploads/2014/05/Ext-Acc.png 1024w, https://sapfico.iexpertify.com/wp-content/uploads/2014/05/Ext-Acc-300x239.png 300w sizes(max-width: 375px) 100vw, 375px />/a>/div>header classentry-header>div classentry-meta entry-meta-top>time classentry-meta-post-time entry-time updated itempropdatePublished datetime2014-05-12T02:43:00+00:00>span classentry-meta-icon fa fa-calendar>/span> a href2014/05/external-vs-internal-accounting.html titleMay 12, 2014 relbookmark>May 12, 2014/a>/time> /div>h2 classentry-title itempropheadline>a href2014/05/external-vs-internal-accounting.html titlePermalink to External vs. Internal Accounting relbookmark>External vs. Internal Accounting/a>/h2>/header>div classentry-content itemproptext>div classe-mailit_top_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/external-vs-internal-accounting.html data-emailit-titleExternal vs. Internal Accounting>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div>div>b>i>Standards Versus Flexibilityo:p>/o:p>/i>/b>/div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->The SAP application component Controlling (CO) contains all accounting functions necessary for effective controlling. If an organization divides accounting into internal and external viewpoints, CO represents internal accounting because it provides information for managers – that is, to those who are inside an organization and who are charged with directing and controlling its operations. CO includes cost and revenue accounting and, together with the Enterprise Controlling (EC) application components Profit Center Accounting (EC-PCA) and Executive Information System (EC-EIS), covers all aspects of American-style managerial accounting. It offers all controlling opportunities without being limited to legal requirements. /div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->With the SAP application component FI you will create your financial statements, like the balance sheet and the P&L-statement. These procedures have to be according to standards or accepted accounting principles like US-GAAP or IAS./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->External accounting is referred to as financial accounting. It produces the financial statement view of the organization./div>div stylemargin-left: .5in; mso-list: l0 level1 lfo1; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman";>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->Internal accounting is referred to as managerial accounting or controlling. It focuses on internal performance of the organization./div>div>b>i>Major Differenceso:p>/o:p>/i>/b>/div>div stylemargin-left: .5in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-CA; mso-no-proof: yes;>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif-->Primary Usersspan langEN-CA>o:p>/o:p>/span>/div>div stylemargin-left: .5in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-CA; mso-no-proof: yes;>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif--> Freedom of Choicespan langEN-CA>o:p>/o:p>/span>/div>div stylemargin-left: .5in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-CA; mso-no-proof: yes;>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif--> Behavioral Concernsspan langEN-CA>o:p>/o:p>/span>/div>div stylemargin-left: .5in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-CA; mso-no-proof: yes;>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif--> Time Focusspan langEN-CA>o:p>/o:p>/span>/div>div stylemargin-left: .5in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-CA; mso-no-proof: yes;>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif--> Time Spanspan langEN-CA>o:p>/o:p>/span>/div>p>/p>div stylemargin-left: .5in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-indent: -.25in;>!--if !supportLists-->span langEN-CA stylefont-family: "Times New Roman","serif"; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-CA; mso-no-proof: yes;>•span stylefont-family: Times New Roman; font-size: 7pt;> /span>/span>!--endif--> Reportingspan langEN-CA>o:p>/o:p>/span>/div>div styleclear: both; text-align: center;>a hrefwp-content/uploads/2014/05/Ext-Acc.png stylemargin-left: 1em; margin-right: 1em;>img loadinglazy border0 srcwp-content/uploads/2014/05/Ext-Acc.png height512 width640 />/a>/div>div stylemargin-left: .5in; mso-list: l1 level1 lfo2; tab-stops: list .5in; text-indent: -.25in;>span langEN-CA stylefont-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-CA; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-CA; mso-no-proof: yes;>br/>!--endif-->/span>/div>div classe-mailit_bottom_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/external-vs-internal-accounting.html data-emailit-titleExternal vs. Internal Accounting>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div> /div>footer classentry-footer>/footer>/div>/article>article idpost-9 classentry-wrapper post-9 post type-post status-publish format-standard hentry category-uncategorized itemscopeitemscope itemtypehttp://schema.org/BlogPosting itempropblogPost>div classentry-wrapper-inside>header classentry-header>div classentry-meta entry-meta-top>time classentry-meta-post-time entry-time updated itempropdatePublished datetime2014-05-09T10:08:00+00:00>span classentry-meta-icon fa fa-calendar>/span> a href2014/05/the-basic-configuration-steps-in-new-gl.html titleMay 9, 2014 relbookmark>May 9, 2014/a>/time> /div>h2 classentry-title itempropheadline>a href2014/05/the-basic-configuration-steps-in-new-gl.html titlePermalink to The basic CONFIGURATION steps in New GL relbookmark>The basic CONFIGURATION steps in New GL/a>/h2>/header>div classentry-content itemproptext>div classe-mailit_top_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/the-basic-configuration-steps-in-new-gl.html data-emailit-titleThe basic CONFIGURATION steps in New GL>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div>p>1. a href2014/05/define-ledger-for-general-ledger.html>Define Ledger for General Ledger Accounting/a>br/>2. Define Currencies for Leading Ledgerbr/>3. Assigning Scenarios to Ledgerbr/>4. Defining Segmentbr/>5. Activate Document Splittingbr/>6. Classify G/L Accts for Document Splittingbr/>7. Classify Document Types For Document Splittingbr/>8. DEFINE DOCUMENT SPLITTING CHARACTERISTICS FOR GENERAL LEDGERbr/>ACCOUNTINGbr/>9. DEFINE DOCUMENT SPLITTING CHARACTERISTICS FOR CONTROLLINGbr/>10. Financial Accounting (New)>FAGS (New) Docs >Define Doc types for Generalbr/>Ledger Viewbr/>11. Activating Non Leading Ledger/p>div classe-mailit_bottom_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/the-basic-configuration-steps-in-new-gl.html data-emailit-titleThe basic CONFIGURATION steps in New GL>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div> /div>footer classentry-footer>/footer>/div>/article>article idpost-10 classentry-wrapper post-10 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized itemscopeitemscope itemtypehttp://schema.org/BlogPosting itempropblogPost>div classentry-wrapper-inside>div classentry-featured-image-wrapper>a href2014/05/define-ledger-for-general-ledger.html titleDefine Ledger for General Ledger Accounting>img width506 height300 srcwp-content/uploads/2014/05/GL-new.png classentry-featured-image img-responsive alt loadinglazy srcsethttps://sapfico.iexpertify.com/wp-content/uploads/2014/05/GL-new.png 530w, https://sapfico.iexpertify.com/wp-content/uploads/2014/05/GL-new-300x177.png 300w sizes(max-width: 506px) 100vw, 506px />/a>/div>header classentry-header>div classentry-meta entry-meta-top>time classentry-meta-post-time entry-time updated itempropdatePublished datetime2014-05-08T10:08:00+00:00>span classentry-meta-icon fa fa-calendar>/span> a href2014/05/define-ledger-for-general-ledger.html titleMay 8, 2014 relbookmark>May 8, 2014/a>/time> /div>h2 classentry-title itempropheadline>a href2014/05/define-ledger-for-general-ledger.html titlePermalink to Define Ledger for General Ledger Accounting relbookmark>Define Ledger for General Ledger Accounting/a>/h2>/header>div classentry-content itemproptext>div classe-mailit_top_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/define-ledger-for-general-ledger.html data-emailit-titleDefine Ledger for General Ledger Accounting>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div>p>a href2014/05/sap-new-gl-configuration-introduction.html>Introduction to New GL link here/a>/p>p>Steps in New GL configuration herebr/>i>span stylecolor: red;>br/>/span>/i>i>span stylecolor: red;>F/A (New) > FAGS/ (New) > Ledgers >Ledger > Define Ledgers for General Ledger /span>/i>br/>i>span stylecolor: red;>Accounting/span>/i>br/>i>span stylecolor: red;>br/>/span>/i>/p>div styleclear: both; text-align: center;>a hrefwp-content/uploads/2014/05/GL-new.png stylemargin-left: 1em; margin-right: 1em;>img loadinglazy border0 srcwp-content/uploads/2014/05/GL-new.png height378 width640 />/a>/div>div styleclear: both; text-align: center;>a hrefwp-content/uploads/2014/05/GL-new-1.png stylemargin-left: 1em; margin-right: 1em;>img loadinglazy border0 srcwp-content/uploads/2014/05/GL-new-1.png height172 width640 />/a>/div>div styleclear: both; text-align: left;>/div>p>i>span stylecolor: red;>br/>/span>/i>/p>div classe-mailit_bottom_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/define-ledger-for-general-ledger.html data-emailit-titleDefine Ledger for General Ledger Accounting>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div> /div>footer classentry-footer>/footer>/div>/article>article idpost-11 classentry-wrapper post-11 post type-post status-publish format-standard has-post-thumbnail hentry category-uncategorized itemscopeitemscope itemtypehttp://schema.org/BlogPosting itempropblogPost>div classentry-wrapper-inside>div classentry-featured-image-wrapper>a href2014/05/sap-new-gl-configuration-introduction.html titleSAP New GL Configuration – An introduction>img width598 height142 srcwp-content/uploads/2014/05/GL.png classentry-featured-image img-responsive alt loadinglazy srcsethttps://sapfico.iexpertify.com/wp-content/uploads/2014/05/GL.png 598w, https://sapfico.iexpertify.com/wp-content/uploads/2014/05/GL-300x71.png 300w sizes(max-width: 598px) 100vw, 598px />/a>/div>header classentry-header>div classentry-meta entry-meta-top>time classentry-meta-post-time entry-time updated itempropdatePublished datetime2014-05-08T10:04:00+00:00>span classentry-meta-icon fa fa-calendar>/span> a href2014/05/sap-new-gl-configuration-introduction.html titleMay 8, 2014 relbookmark>May 8, 2014/a>/time> /div>h2 classentry-title itempropheadline>a href2014/05/sap-new-gl-configuration-introduction.html titlePermalink to SAP New GL Configuration – An introduction relbookmark>SAP New GL Configuration – An introduction/a>/h2>/header>div classentry-content itemproptext>div classe-mailit_top_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/sap-new-gl-configuration-introduction.html data-emailit-titleSAP New GL Configuration – An introduction>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div>p>The intention behind SAP New GL Configuration is to Combine the features of GL, Profit Center Accounting, Reconciliation Ledger, Special Purpose Ledger, Business Area, Cost of Sale Accounting./p>p>b>Benefits: /b>br/>Benefits like Segment Reporting, Cost of Sale Accounting, Management Reporting, Parallel Accounting, Balanced Books are possible with New GL./p>p>b>Activating General Ledger Accounting /b>/p>p>To make the settings and use the functions in General Ledger Accounting, you have tobr/>activate it. To do this, in Customizing choose/p>p>i>span stylecolor: red;>Financial Accounting → Financial Accounting Global Settings → Activate New General Ledger Accounting. (or T Code FAGL_ACTIVATION)/span>/i>br/>i>br/>/i>/p>div styleclear: both; text-align: center;>a hrefwp-content/uploads/2014/05/GL.png stylemargin-left: 1em; margin-right: 1em;>img loadinglazy border0 srcwp-content/uploads/2014/05/GL.png height150 width640 />/a>/div>div styleclear: both; text-align: center;>/div>div styleclear: both;>b>Activating General Ledger Accounting has the following effects:/b>/div>div styleclear: both;>● The Customizing settings for General Ledger Accounting appear in the SAP Reference IMG. You access the settings under /div>div styleclear: both;>i>span stylecolor: red;>Financial Accounting (New) → Financial Accounting Global Settings (New) and General Ledger Accounting (New)./span>/i>/div>div styleclear: both;>● The General Ledger Accounting functions appear in the SAP Easy Access menu under /div>div styleclear: both;>/div>div styleclear: both;>i>span stylecolor: red;>Accounting → Financial Accounting → General Ledger. /span>/i>/div>p>i>br/>/i>● The tables for new General Ledger Accounting are activated and updated.br/>FAGLFLEXT – Totals Data Tablebr/>FAGLFFLEXP – Plan Line data Tablebr/>FAGLFEXA – Actual Line data table/p>p>FAGL_SPLINFO_FAGL_SPLINFO_VAL – Splitting data table/p>p>b>Existing and new GL differences/b>br/>In the standard system, the tables from classic General Ledger Accounting (GLT0)br/>are updated as well as the tables in new General Ledger Accounting during thebr/>activation. This enables you to perform a ledger comparison during the implementationbr/>of new General Ledger Accounting to ensure that your new General Ledger Accountingbr/>has the correct settings and is working correctly. To compare ledgers, in Customizingbr/>choose Financial Accounting Global Settings (New) → Tools → Compare Ledgers./p>p>Deactivating the updatation of tables for classic General Ledger Accounting Financialbr/>Accounting Global Settings (New) → Tools → Deactivate Update of Classic Generalbr/>Ledger./p>div classe-mailit_bottom_toolbox>div classe-mailit_toolbox square size32 data-emailit-urlhttps://sapfico.iexpertify.com/2014/05/sap-new-gl-configuration-introduction.html data-emailit-titleSAP New GL Configuration – An introduction>div classe-mailit_btn_Facebook>/div>div classe-mailit_btn_Twitter>/div>div classe-mailit_btn_Send_via_Email>/div>div classe-mailit_btn_Pinterest>/div>div classe-mailit_btn_LinkedIn>/div>div classe-mailit_btn_EMAILiT>/div>/div>/div> /div>footer classentry-footer>/footer>/div>/article>div classpagination-wrapper pagination-wrapper-paginate>ul classpagination page-numbers>li>span aria-currentpage classpage-numbers current>1/span>/li>li>a classpage-numbers 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