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 |
What is our role in production support and post implementation support as a fico consultant?
Statistical key figures are created in the cost center accounting module. Now the same statistical key figures are required in the profit center accounting module. Is it required to maintain the statistical key figure in pca module?
What is house bank, bank key?
There is an advance given by the customer which lies in a special gl account indicator A. Will this advance amount be considered for credit check?
How to configure the Operating Concern ?
What is a Sort key? What r the different tpes of Sort Keys u have in SAP(FICO)
6 Answers ABC, L&T, Stride Software, Volkswagen,
How many types of land scapes are there and tell me the land scape which is often used by the companies?
What is the differance between Leading,non leading ledger in 6.0 with parlell ledger in 4.7? how it will useful in 6.0 then 4.7?
WHICH TYPE OF PROBLEMS WE CAN FACE IN CO SUPPORT PROJECT? IT IS LITTLE BIT URGENT PLEASE REPLAY ANY ONE ASAP?
What are the important organizational elements of co? : co- general controlling
Asset class created at what level
If a company has 4 company codes, 12 plants and 3 sales offices. In this situation how many profit centers and cost centers does this company contains?