on 10-09-2007 6:27 AM
hi sap guru's
1. what is the new g/l concept ?
2. what is the major difference between 4.7ee and ecc6
raju
hai,
The following is the new GL Concept
<b><u>General Ledger Accounting (FI-GL) (New)</u></b>
Purpose
The central task of G/L accounting is to provide a comprehensive picture of external
accounting and accounts. Recording all business transactions (primary postings as
well as settlements from internal accounting) in a software system that is fully
integrated with all the other operational areas of a company ensures that the
accounting data is always complete and accurate.
Beyond fulfilling the legal requirements, General Ledger Accounting also fulfills
other requirements for modern accounting:
Parallel Accounting
General Ledger Accounting allows you to perform parallel accounting by managing
several parallel ledgers for different accounting principles.
Integration of Legal and Management Reporting
In General Ledger Accounting, you can perform internal management reporting in
parallel with legal reporting. For this purpose, the Profit Center Accounting
functions are integrated with General Ledger Accounting. Furthermore, you can
generate financial statements for any dimension (such as profit center).
Segment Reporting
General Ledger Accounting supports the segment reports required by the accounting
principles IFRS (International Financial Reporting Standards) and US GAAP (Generally
Accepted Accounting Principles). For this purpose, General Ledger Accounting
contains the Segment dimension.
Cost of Sales Accounting
You can perform cost of sales accounting in General Ledger Accounting. For this
purpose, General Ledger Accounting contains the Functional Area dimension.
Integration
General Ledger Accounting is integrated with all application components of the SAP
System that generate posting data of relevance to General Ledger Accounting:
Asset Accounting (FI-AA)
FI Accounts Receivable and Accounts Payable
Controlling (CO)
Materials Management (MM)
Human Capital Management (HCM)
Treasury and Risk Management (TRM)
Travel Management (FI-TV)
Public Sector Management - Funds Management Government (PSM-FM)
When you activate the business function set Public Sector (EA-PS) and the global
functions Funds Management (PSM-FM), you obtain a separate set of tables containing
the Public Sector account assignments, such as fund and grant.
Features
General Ledger Accounting comprises the following functions for entering and
evaluating posting data:
Choice between group level or company level
Automatic and simultaneous posting of all subledger items in the
appropriate general ledger accounts (reconciliation accounts)
Simultaneous updating of the parallel general ledgers and of the cost
accounting areas
Real-time evaluation of and reporting on current posting data, in the form
of account displays, financial statements with different balance sheet versions, and
additional analyses.
In this way, General Ledger Accounting automatically serves as a complete record of
all business transactions. It is the central and up-to-date component for reporting.
Individual transactions can be checked at any time in real time by displaying the
original documents, line items, and monthly debits and credits at various levels
such as:
Account information
Journals
Totals/transaction figures
Balance sheet/profit and loss evaluations
Assign points if it is really useful.
govind.
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