|Integration with the following components is relevant: FI-AA CO->FI real-time integration FI-AR FI-AP.
Possibilities with new GL accounting Legal and management reporting Real-time integration CO->FI Standard enhancement and extensibility Segment reporting Financial reporting using any characteristics Transparency and consistency Accelerated period-end-closing Simple representation of parallel accounting.
Overview of the totals tables when the classic components are used Classic FI Cost-of-sales ledgers Reconciliation ledger EC-PCA / classic Profit Center Accounting.
Benefits of new GL accounting New GL accounting has an extended data structure in the standard delivery Customer fields can be added to the GL With real-time document splitting, balance sheets can be created for entities such as segment There is the real-time integration with controlling Customer fields cannot be added to the GL New GL accounting makes it possible to manage multiple ledgers with GL accounting This is one of the possible ways of portraying parallel accounting in the SAP system.
New GL Accounting contains functions that combine classic GL Accounting with the special purpose ledger component. True False.
Do companies have to use new GL accounting? It will be optional for existing customers. You will not be obliged to activated new GL accounting. For new installations, new GL accounting is active by default in mySAP ERP. You will be obliged to activated new GL accounting.
If existing customers want to use New General Ledger Accounting, they first need to activate it using a customizing transaction FAGL_ACTIVATION FAGL_DERIVE_SEGMENT RFAGL_SWAP_IMG_OLD.
The activation indicator is set for each client True False.
What append after new GL activation The paths for new GL accounting are added to and existing customizing paths. To help you find your way around, the classic Financial Accounting paths will initially remain
available in their present form. Once you have become familiar with the paths for New General Ledger Accounting, you can run program RFAGL_SWAP_IMG_OLD to hide the classic Financial Accounting paths. Activating New General Ledger Accounting also makes several new nodes available in the
application and the SAP Easy Access menu. Once you have become familiar with the paths for New General Ledger Accounting, you can run program FAGL_ACTIVATION to hide the classic Financial Accounting paths. The activation of New General Ledger Accounting not only affects the menu entries; a few classic functions / transactions can no longer be executed either.
SAP provides the leading ledger OL and the total table FAGLFLEXT with the standard system True False.
Leading ledger definition SAP provides the leading ledger OL and the total table FAGLFLEXT with the standard system The leading ledger gets many of its control parameters from the chart of account The leading ledger gets many of its control parameters from the company code The leading ledger uses the Fiscal year variant that is assigned to the company code. The leading ledger uses the Posting period variant that is assigned to the company code. The leading ledger uses the local currency that is assigned to the company code. The leading ledger uses the local currency that is assigned to the chart of account.
The totals table of New GL Accounting 'FAGLFLEXT' updates more entities than was possible in the classic totals table. True False.
The totals table of New GL Accounting 'FAGLFLEXT' updates more entities than was possible in the classic totals table.
Examples of the new standard fields include: Cost center Profit Center Company code Segment.
_____________ defines which fields are updated in the ledgers during a posting A scenario A leading ledger A Segment.
Scenarios provides by SAP Cost center update Preparation for consolidation Business area Profit center update Segmentation Cost-of-sales accounting.
The fields that are updated by the scenarios can be used to model certain business circumstances – such as segment reporting. True False.
When new GL accounting is active, a financial accounting document always have 2 views Entry view GL view Global view.
Besides the leading ledger, you may also see the document in other, non-leading ledgers in the general ledger view. True False.
The segment field is one of the standard account assignment objects available in mySAP ERP for running analyses for objects below the company code level True False.
check the correct answer concerning the segment The segment field is one of the standard account assignment objects available in mySAP ERP for running analyses for objects below the company code level Segments can be used to meet the requirements of international accounting principles (=> IAS / IFRS / U.S. GAAP) regarding "segment reporting". The segment is provided in addition because the business area and/or profit center were frequently used for other purposes in the past and thereby to meet other requirements. The business area or profit center objects can be used as alternatives The ERP system enables you to assign a segment in the master data of a profit center. The ERP system enables you to assign a segment in the master data of a cost center. Postings are automatically made to the segment when the profit center is posted to.
If a customer does not use Profit Center accounting, for example, a BAdI enables alternative derivation strategies to be used True False.
Which transaction code can you use to call up the activation indicator? FAGL_ACTIVATION FAGL_DERIVE_SEGMENT.
New FI drilldown reporting functions let you create segment financial statement True False.
Assumptions for document splitting The operative process must not be disturbed/changed by the online split The operative process must be disturbed/changed by the online split The user only wants to enter the vendor once Document splitting is only relevant for the GL. it does not need to be visible from within the subledgers.
Steps involved in document splitting Passive split Active split Clearing lines/zero balance.
Typical document splitting characteristics Business area Profit center Segment User defined entities Company code.
Inheritance means that, when you create a customer invoice from a revenue line, the entities are projected to the customer and tax lines in the GL view True False.
Activating document splitting and Inheritance Document splitting can be activate/desactivate for each company code Inheritance means that, when you create a customer invoice from a revenue line, the entities are projected to the customer and tax lines in the GL view Document splitting cannot be desactivate for each company code Splitting method 0000000012 is the standard splitting method provided by SAP. There is no reason why you should not activate inheritance when document splitting is activate Activation of inheritance is practically the first step to enable documents to be posted when document splitting is active, without any other Customizing activities. Inheritance is performed online and at the line item level.
_____________ is the total of all splitting rules of all business transactions A splitting method The Business transaction The business transaction variant An item category.
______________is a general breakdown of actual business processes that SAP provides and that is assigned a wide variety of item categories. A splitting method The business transaction variant The business transaction An item category.
______________is a specific version of the predefined business transaction provided by SAP and the modeling of a real business process for document splitting. A splitting method The Business transaction The Business transaction variant An item category.
_______ is a map of the posted line items. It describes the items that appear within a document A splitting rule The Business transaction variant The Business transaction An item category.
What is an item category? Is a map of the posted line items. It describes the items that appear within a document . They are derived from, among other things, the account types of the G/L accounts. The item category is the semantic description for the document split. Is a general breakdown of actual business processes that SAP provides and that is assigned a wide variety of item categories.
An individual splitting rule defines which item categories can/will be split and at the same time defines which base can be used True False.
Integration with the following components is relevant FI-AP Real-time integration CO->FI FI-AR FI-AA.
Check the correct answer concerning the post-capitalization The post-capitalization of cash discount to asset is only possible if document splitting is active The post-capitalization of cash discount to asset only works if the function was already configured when the invoice was entered. If you use the post-capitalization of cash discount to asset, you can eliminate the periodic run of program SAPF181.
New GL accounting integration with FI-AA
check the correct answer. Document splitting works in the case of the segmentation of an asset acquisition that is posted for multiple assets New drilldown reports let you create segment or profit center financial statements immediately The cost center for the asset is not displayed in the entry view or the GL view by default.
Real-time integration CO->FI
check the correct answer The real-time integration FI->CO is available The periodic integration FI->CO is available CO reconciliation with Financial Accounting always required the reconciliation ledger, which was maintained in cost element accounting Transaction KALC is no longer available after new GL Accounting has been activated.
The CO->FI real-time integration can be logged with a trace using FAGLCOFITRACEADMIN FAGL_ACTIVATION FAGL_DERIVE_SEGMENT.
If the trace was active during a CO posting, you can analyze the real-time integration data again at any time True False.
If the trace was active during a CO posting, you can analyze the real-time integration data again at any time including the following data: The document number of the original CO document wether it was a transfer or a test run The document number of the follow-up document in FI if a transfer to FI took place The reason for transfer or the the reason for failed transfer the posting mode: online posting or subsequent transfer Posting date, posting time, and user Line item data for the documents.
If the trace is not activated in the real-time integration variant, it can still be activated and deactivated user-specifically at any time. True False.
You can navigate from the CO document to the FI document generated in realtime– and in the opposite direction. True False.
Real-time integration CO-FI document flow.
check the correct answer You can navigate from the CO document to the FI document generated in realtime– and in the opposite direction. The bidirectional navigation between documents is possible because the real-time CO->FI integration create an FI follow-on document for each activity, and not just a totals posting at the end of the month. You cannot navigate from the CO document to the FI document generated in realtime– and in the opposite direction.
The foreign currency valuation is process using FAGL_FC_VALUATION FAGL_ACTIVATION FAGLCOFITRACEADMIN.
Examples of eliminated closing activities Maintenance and use of the reconciliation ledger Balance sheet adjustment Profit and loss adjustment Maintenance and use of the various FI-SL ledgers Balance carryforward Reclassification/sorting of receivables and payables.
Examples of periodic processing tasks that are not eliminated but that are changed slightly as a result of the ledger logic or that are based on new programs and that are not shown explicitly in AC210 are: Reclassification/sorting of receivables and payables Flat-rate individual value adjustment Balance carryforward (in FI) Balance sheet and profit & loss adjustment Maintenance and use of the reconciliation ledger.
To start the correction posting, start program FAGL_FC_VALUATION in mySAPERP. True False.
A valuation run requires the entry of a valuation area True False.