Answer / meeravali

New GL and Classic GL are two ways to implement General Ledger functionality in SAP ECC5 and ECC6. New GL provides lot of benefits over classic GL. The New GL benefits

- Provide an extension to the existing functionality in classic GL, or

- Provide new functionality compared to classic GL, or

- Provide a technologically superior way to perform a functionality in Classic GL

It is imperative to understand the differences between Classic and New GL to be able to understand which solution addresses the business requirements better. I am providing a comparative analysis of the basic differences between Classic and New GL.



(1) Extended Data Structure provides flexibility
SAP has consolidated the multiple totals table (GLT0, GLPCT, etc) in classic GL into a single FAGLFLEXT Totals table with New GL. One Summary Table provides flexibility and faster response time for reporting. FAGLFLEXT can also be enhanced by adding customer defined fields.



(2) Segment Reporting to ensure Statutory Requirements
IAS accounting standards define the statutory requirements for segment reporting. New GL has document splitting functionality that enables segment reporting. Standard Segment Reporting functionality is not available in Classic GL.



(3) Real Time Integration between FI and CO
Classic GL has the period-close reconciliation ledger functionality to synchronize FI and CO for cost transfers across functional area, business area and company code originating in CO. New GL has a real-time integration between FI and CO that happens with each transaction originating in CO instead of a summary posting done by reconciliation ledger during period-close.



(4) Parallel Accounting
New GL provides Non-leading ledgers for parallel accounting like IFRS and GAAP. Parallel accounting can also be implemented using Account based approach which is also available in classic GL.



(5) Reduce TCO by Faster Period Close Activities
Faster Period Close is possible with New GL as,

(a) Reconciliation Ledger is not required

(b) Balance sheet Adjustments are not required

(c) Profit and Loss Adjustment are not required

(d) Activities related to Special Purpose Ledger are not required

(e) Depreciation posting is online instead of a batch session



(6) Flexible Drill-down Reporting in New GL
New GL has advanced drill-down capabilities by segment and other characteristics.

dear fico expert's..in asset accounting..i completed all configuration steps..and purchased asset also..with tc.f-90..problem here depreciation run with(AFAB..it isnot successful..spool is not showing any depreciated value's..i want sale asset and go for further posting..please help.

2 Answers  

---

Where does sort key define and what are its function?

1 Answers  

---

What is done by gr/or regrouping program?

0 Answers  

---

What do you understand by sap cost center? Explain with the example? : cost center accounting

0 Answers  

---

What do you mean by chart of accounts? What is it used for? What are its important elements? How many chart accounts can be assinged to a company?

0 Answers  

---

Hi Experts, What is Auto Debit in SAP? please of any body know let me know the answers Regards, Inthiyaz

0 Answers   Cognizant,

---

WHAT IS THREE WAY MATCHING

3 Answers   HCL,

---

What is the difference between business area and profit center?

0 Answers  

---

What are statistical internal orders?

0 Answers  

---

Can we add entries to a capitalised Asset.

2 Answers   Cap Gemini,

---

Can you recollect what are the configuration steps you did in GL, AP, AR, AND Asset accounting in your implementation project...?

2 Answers   TCL, TCS,

---

Hi can any body tell me abt what is a Report Painter.what is the difference between report painter report & drill down report.

0 Answers  

---