Chart of Account has great significance in both SAP S4HANA Finance and FICO. One needs to prepare the chart of accounts properly in order to maintain the general ledgers in SAP. We hope this after going through this tutorial you will be able to create a chart of account as well as also ...
The Account dimension defines the chart of accounts for an application. When you create an application, the system creates the Account dimension with a hierarchy of system and seeded members, some based on the features that you enable for the application. Seeded accounts are created with the pref...
When we have Chart of Accounts, it is time to structures our General Ledger (GL) Accounts. The Account Groups will help to separate different GL types as Equity Accounts, Fixed Assets, Accounts Receivable, Accounts Payable, Revenues, Materials, Overheads, etc. Account Groups will also give an ...
Account structures consist of main accounts, and can include financial dimensions. The account structures are used to define the valid combinations which, together with the main accounts, comprise a chart of accounts.The account structures allow you to define the sequence for the entry on...
The account category reference is a combination of valuation classes. Precisely one account category reference is assigned to a material type.ExampleRequirementsYou must have defined your material types.You must have defined the chart of accounts....
After you create the financial dimensions, use theFinancial dimensionspage on theDimension valuestab to assign extra properties to each financial dimension. You can set options for dimension values that you can share between a chart of accounts and a legal entity. Additionally, you can set ...
SELECT CHART_OF_ACCOUNTS_ID INTO :PARAMETER.CHART_OF_ACCOUNTS_ID FROM ORG_ORGANIZATION_DEFINITIONS WHERE ORGANIZATION_ID = :PARAMETER.ORG_ID; FND_KEY_FLEX.DEFINE( BLOCK => 'TOMAI_MAIN_HEADER_BLK', FIELD => 'TO_ACCOUNT_PT', CODE => 'GL#', ...
The account rule type is a segment, and it has the same chart of accounts and segment of the mapping set. Mapping set with value set output type can be assigned to account rule if: The account rule type is value set, and the value set on the account rule and mapping set is the sam...
Define the term: Temporary sources of financing. What is meant by the term "financial statements"? Define consolidated financial statements. Describe a chart of accounts. What does accounting harmonization mean? Differentiate harmonization from convergence or adoption. Define accounting equation. Define th...
the relevant commercial law. A company can consist one or morecompany codes. ACompanyhas local currencies in which its transactions are recorded. Allcompany codeswithin a company must use the same transactionChart of accountsand the sameFiscal Year. The creation of a company in sap is optional....