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.

What are terms of payments and where are they stored?

1 Answers  

---

Can we cancel / reverse the payment made through APP.

3 Answers   Cap Gemini,

---

Explain fiscal year variant Vs posting period variant 

2 Answers  

---

while posting transation f-02 error popping up it says 012 posting period not specified in 2009. In above situation kindly help me someone

4 Answers  

---

What are the use of document types ?

1 Answers  

---

Can I integrate a data quality solution within other software applications?

1 Answers  

---

How do you perform annual closing in sap? : fi- general ledger accounting

1 Answers  

---

Who is an alternate payee? : fi- accounts receivable

1 Answers  

---

What is an exchange rate type?

1 Answers  

---

What is document splitting?

2 Answers   Accenture,

---

What is the internal order type to create the statistical order.?

1 Answers   CGI,

---

How do you carry-forward account balances? : cost center accounting

1 Answers  

---