What is the Difference between Classic GL, New GL
from Controlling point of view.
Answer / anji
New GL accounting is the new funcationality which came into existence from ECC 5.0 Version in SAP which we call as my SAP ERP. Upto SAP 4.7EE we are using Classical GL Accounting. In Classical GL accounting General Ledger, Profit Center Acting, Reconciliation Ledger, Business Area, Spl Prupose Legers and Cost of Sales Accounting are different components but all these are incorporated in New GL accounting.
The New funcationalites included in New GL Accounting are,
1. Extended Data Structure:- This allows us to activate additional fields(e.g., segment) in the New GL table.
2. Parallel Ledgers:- This provides the ability to produce different sets of financial statments.
3. Document Splitting:- This allows real-time allocation of an account assignment object to all your balance sheet postings, this is particularly relevant when you have postings from subledgers.
4. Improved Management Reproting:- Profit centers are now part of GL, which allows you to produce departmental or management accounts directly from the GL.
5. Segment Reproting:- A segment is a new account assignment object that can be used to produce segment reports to provide an additional dimension. It helps in running analyses for objects at a level lower than company code. This is in line with the IFRS/IAS segement reporting requirements.
6. Fast Close:- A reduction in the amount of time needed to complete the period end cycle enables a fast close to be completed.
Is This Answer Correct ? | 5 Yes | 1 No |
Is it possible to create multiple assets in a single transaction? : fi- asset accounting
What is account based profitability analysis? : cost center accounting
Can you dun customers across clients in a single dunning run? : fi- accounts receivable
What is known as the translation factor?
what is controlling object for settlement of prod.order?
How do you prevent the system from calculating the cost estimate for raw and packing material when you run a standard cost estimate for the finished goods?
The outstanding for vendor invoice is $1000, vendor having three banks (HDFC, ICICI and AXIS bank). Vendor given an instruction that out of invoice amount $ 1000, $500 pay to HDFC bank, $300 pay to ICICI bank and $ 200 pay to AXIX bank. How to clear the vendor invoice through app.
can u explaine what is the purchase life cycle and with entries?
How do we create business transactions in Cash
What is a credit memo? : fi- accounts payable
1. For a client creation of many group under one General Ledger
Explain fiscal year variant Vs posting period variant