on 03-29-2007 10:37 AM
hi friends ,
can any one explain the following things,
General Ledger
Profit center
Profitability Analysis
Cost Accounting
Accounting
what is the difference between cost and revenue ?
also want to know
Accruals (for rebate agreements)
Accrual account
Accrual clearing account
Thanks
<b>Hi,
Just tell me if there is anything you didnt understand and
do reward points for good answers.
Regards.
AK</b>
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Hello,
<b>General Ledger:</b>
A ledger designed to present the values used in creating financial statements. It records values at company code level.
Comes under Financial(FI)
<b>Profit Center</b>
Organizational unit in Accounting that reflects a management-oriented structure of the organization for the purpose of internal control. Organizational unit in Accounting that reflects a management-oriented structure of the organization for the purpose of internal control. By analyzing the fixed capital as well, you can expand your profit centers for use as investment centers.
<b>Profitability Analysis</b>
Come under controlling (CO)
There are two forms of profitability analysis in CO-PA
Costing-based profitability analysis
Account-based profitability analysis
Profitability analysis in CO-PA is based on the cost-of-sales accounting method.
<b>Cost Accounting (CO)</b>
Type of P&L statement that matches the sales revenues to the costs or expenses involved in making the revenue (cost of sales).The expenses are listed in functional areas such as:
Manufacturing
Management
Sales and distribution
Research and development
Cost of sales accounting displays how the costs were incurred with its functional structure. It represents the economic outflow of resources.
<b>Accounting</b>
Accounting documents record changes in values in a company code arising from accounting transactions.
They consist of one or more line items (postings) each of which represents an individual transaction posted to an account.
When posting an accounting document, the system updates the transaction figures in the accounts the document is posted to.
An accounting document is a representation within the R/3 System of the document (an invoice for example) that triggered the posting.
<b>Difference between Cost and revenue
Cost:</b>
This enables you to match costs to the prices determined in pricing for a sales document and even carry out contribution margin accounting.
You can use the condition type VPRS (cost).
The condition type VPRS (cost) uses the valuation segment of the material record and determines from this either the standard price or average price.
<b>Revenue</b>
The operational output, valued at market price in the corresponding currency and sales quantity unit (quantity x revenue = sales).
<b>Accurals</b>
Procedure for displaying rent paid in arrears based on a key date. The system differentiates between several posting periods in the rent display.
**DO REWARD POINTS IF THIS IS HELPFUL**
Regards
AK
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