Introduction to General Ledger in mySAP ERP.pdf

8/10/2019 Introduction to General Ledger in mySAP ERP.pdf

1/12

SAP AG 1

Introduction to

General Ledgerin mySAP ERP


2/12

SAP AG 2

SAP AG 2004

Customer Requirements and SAPs Solution

Segment

reporting

Legal

reporting

Management

reporting

Compliance

TransparencyFast close

Extensibility

Parallel

accounting

TCO reduction

GL in

mySAP ERP

Balanced books

for any dimension


3/12

SAP AG 3

Today our customers need to implement a whole set of SAP components in order to fulfill international

or industry specific standards. They face limitations in management, statutory and tax reporting, e.g.

segment reporting.

Right now, the situation is getting worse, especially since service industry solutions require more and

more balance sheets for segments like fund and grant (Public Sector), balance sheet by title (Media) or

balance sheet by branch (Insurance). Moreover, the increasing importance of IAS puts more pressure on

the quality of our segment reporting.

Having to set up and maintain multiple technical components in order to achieve these standard tasks,

unnecessarily increases the TCO for our customers and also slows down their processes due to the

reconciliation of redundant information storage. This has an immediate effect on Fast Close.

Furthermore, a unified solution is easier to handle with respect to Sarbanes-Oxley.

Some Customers who have recently approached us with their problems in this area include Siemens,

Kimberley Clark, City of Phoenix.

The described shortcomings have been a major setback for trying to acquire customers, especially in the

US and with regards to the SMB market.

Our recommendation is to catch up to the shift in expectations in terms of industries, TCO and changing

international standards, by investing in our core FI functionality. A recent prototype has shown the feasibility

at relatively low costs.

SAP AG 2004

mySAP ERP: A Unified WorldToday: A Scattered World

Profit Center LedgerManagement and

segment reporting

Special LedgerMulti-dimensional,

customer-defined

Industry-specific

LedgersB/S by grant, fund, title

CoGSLedger

Classic GLLegal

requirements

Comparison of GL in R/3 Enterprise and mySAP ERP

General Ledger in R/3 Enterprise General Ledger in mySAP ERP

General Ledger supports

Legal requirements

Mgmt. and Segment reporting

Extensibility by industries

Extensibility by customers

Balanced books for any dimension

Parallel sets of books

Fast close

TCO reduction

Intl. accounting standards

Compliance & transparency


4/12

SAP AG 4

SAP AG 2004

Customer Requirements

General Ledger in mySAP ERP

Integration with other Components

Functional Scope

Summary

Agenda


5/12

SAP AG 5

SAP AG 2004

Cons.

Preparation

EC-PCA

GL inmySAP

ERP

Online Split:

Balanced Book

for any dimension

FI-SL CO-OM

CO-PA

Profit Center

Determination

CoGS Ledger

Currency

TranslationZero balanceDerivation

Accounting Interface

Persistency layer

GL in mySAP ERP The unified approach

Reconc.Ledger


6/12

SAP AG 6

SAP AG 2004

General Ledger in mySAP ERP Architecture

Legal, Segment and Management Reporting

. . .

General Ledger in mySAP ERP

Company Segment Partner CoLedger Func. AreaPartner Seg

Accounting Interface

Logistics / HR Financial Supply Chain Acctng Subledgers

SAP Consolidation

(Consolidated)


7/12

SAP AG 7

The Segment is offered as a new organizational unit, but is technically treated as any other account

assignment field. Profit Centers are now integrated into new GL.

SAP AG 2004

General Ledger in mySAP ERP Standard Structure

General

Ledger

Org Units

Company

Segment

Profit center

Partner company

Partner segment

Partner profit center

Account +

Subaccnts

Account

Transaction type

Functional area

Partner Funct.

area

Value in TC

Value in LC

Value in GC

Industry

Templates

+ Grant

+ Fund

+ Title

+

Customer

Extension

+

+

However, General Ledger is no substitute for a Business Warehouse!

ERP20

05


8/12

SAP AG 8

SAP AG 2004

Balanced Books for any Dimension Entry View

Entry: Expenses for two profit centers


9/12

SAP AG 9

SAP AG 2004

Balanced Books for any Dimension GL View

Payables and taxes are split online, accordingly.


10/12

SAP AG 10

SAP AG 2004

Parallelism in General Ledger in mySAP ERP

Parallel Accounting

Any number of parallel ledgers

Same UI for all ledgers (data entry, functions, reporting)

Almost the same functionality for all ledgers

Online posting to multiple ledgers

Postings per specific ledger

Closing activities can be run in parallel ledgers simultaneously

Standard reporting for multiple ledgers

Remark: Using parallel accounts is still supported.


11/12

SAP AG 11

SAP AG 2004

Parallelism for Original Processes (mySAP ERP2004)

Original Processe.g. invoice receipt, payment,

Document split: Segment, prctr,

RW Interface

Creation of one accounting document for

all parallel views

Parallelism only possible with regards to

period sorting and selection of criteria

Ledger 0ALedger 0L

New G/L


12/12

SAP AG 12

Closing preparations such as valuating programs can be run for different ledgers ending up in different

valuation results. Nevertheless they can be run simultaneously.

Manual entries can be performed influencing specific ledgers.

SAP AG 2004

Parallelism for Subsequent Processes (mySAP ERP 2004)

Subsequent process

e.g. according to IAS

e.g. allocation, foreign currency

valuation, balance carry-over

Subsequent process

e.g. acc. to local GAAP

e.g. allocation, foreign currency

valuation, balance carry-over

Ledger 0ALedger 0L

Creation of parallel accounting

documents for every valuation

Real parallelism with regards

to valuation, period sorting and

selection of characteristics

New G/L

Documents

Introduction to General Ledger in mySAP ERP.pdf